Ardevora Asset Management LLP Has $11.16 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Ardevora Asset Management LLP lessened its stake in shares of Amphenol Co. (NYSE:APH) by 69.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,591 shares of the electronics maker’s stock after selling 260,368 shares during the quarter. Ardevora Asset Management LLP’s holdings in Amphenol were worth $11,161,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Hixon Zuercher LLC boosted its stake in shares of Amphenol by 0.5% during the 4th quarter. Hixon Zuercher LLC now owns 21,437 shares of the electronics maker’s stock worth $2,125,000 after acquiring an additional 104 shares in the last quarter. Jacobsen Capital Management boosted its stake in Amphenol by 1.8% during the 4th quarter. Jacobsen Capital Management now owns 6,113 shares of the electronics maker’s stock valued at $606,000 after purchasing an additional 108 shares during the period. Strategic Blueprint LLC boosted its stake in Amphenol by 2.4% during the 4th quarter. Strategic Blueprint LLC now owns 4,844 shares of the electronics maker’s stock valued at $480,000 after purchasing an additional 112 shares during the period. Simon Quick Advisors LLC boosted its stake in Amphenol by 2.2% during the 4th quarter. Simon Quick Advisors LLC now owns 5,421 shares of the electronics maker’s stock valued at $537,000 after purchasing an additional 115 shares during the period. Finally, Drive Wealth Management LLC boosted its stake in Amphenol by 3.4% during the 4th quarter. Drive Wealth Management LLC now owns 3,573 shares of the electronics maker’s stock valued at $355,000 after purchasing an additional 116 shares during the period. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on APH shares. Citigroup increased their target price on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Bank of America increased their target price on Amphenol from $117.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird upped their price target on Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Stifel Nicolaus upped their price target on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Finally, UBS Group upped their price target on Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.75.

Amphenol Price Performance

Shares of APH traded down $0.71 during mid-day trading on Friday, reaching $110.17. The company had a trading volume of 3,769,038 shares, compared to its average volume of 3,260,438. Amphenol Co. has a twelve month low of $72.00 and a twelve month high of $119.59. 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 company’s 50-day moving average is $110.87 and its 200-day moving average is $98.65. The company has a market capitalization of $66.27 billion, a P/E ratio of 35.42, a P/E/G ratio of 3.14 and a beta of 1.30.

Amphenol (NYSE:APH) last issued its 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. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. During the same period in the prior year, the firm posted $0.78 EPS. Amphenol’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Announces Dividend

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

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction on Thursday, February 8th. The shares were 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 disclosure for this sale can be found here. Insiders sold 305,000 shares of company stock valued at $31,846,050 in the last three months. Corporate insiders own 2.22% of the company’s stock.

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.