Greenleaf Trust Boosts Stock Holdings in Amphenol Co. (NYSE:APH)

Greenleaf Trust grew its position in shares of Amphenol Co. (NYSE:APH) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 30,194 shares of the electronics maker’s stock after buying an additional 639 shares during the period. Greenleaf Trust’s holdings in Amphenol were worth $2,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in APH. Moneta Group Investment Advisors LLC grew its stake in Amphenol by 95,441.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,868,807 shares of the electronics maker’s stock valued at $1,055,971,000 after acquiring an additional 13,854,291 shares during the period. Norges Bank acquired a new stake in Amphenol in the 4th quarter valued at $653,884,000. Morgan Stanley grew its stake in Amphenol by 44.1% in the 4th quarter. Morgan Stanley now owns 10,811,475 shares of the electronics maker’s stock valued at $823,186,000 after acquiring an additional 3,310,939 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Amphenol by 55.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,376,669 shares of the electronics maker’s stock valued at $199,616,000 after acquiring an additional 845,637 shares during the period. Finally, Invesco Ltd. grew its stake in Amphenol by 21.7% in the 3rd quarter. Invesco Ltd. now owns 4,090,708 shares of the electronics maker’s stock valued at $343,579,000 after acquiring an additional 729,849 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Down 0.6 %

Shares of NYSE:APH opened at $110.21 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. The firm has a market capitalization of $66.30 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 3.16 and a beta of 1.30. The firm’s 50-day moving average is $110.87 and its two-hundred day moving average is $98.54. Amphenol Co. has a 1 year low of $72.00 and a 1 year high of $119.59.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. Analysts predict that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.80%. The ex-dividend date was Monday, March 18th. Amphenol’s payout ratio is 28.30%.

Analyst Ratings Changes

APH has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on shares of Amphenol in a research note on Tuesday, April 9th. They set a “hold” rating and a $125.00 target price on the stock. Bank of America lifted their target price on shares of Amphenol from $117.00 to $121.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI lifted their target price on shares of Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, March 25th. Robert W. Baird lifted their target price on shares of Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Stifel Nicolaus boosted their price target on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $113.75.

Insiders Place Their Bets

In other news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the transaction, the vice president now owns 25,700 shares in the company, valued at $2,692,075. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 170,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 305,000 shares of company stock worth $31,846,050. 2.22% of the stock is owned by corporate insiders.

Amphenol Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.