Amphenol Co. (NYSE:APH) Holdings Lessened by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. decreased its holdings in Amphenol Co. (NYSE:APH) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 478,939 shares of the electronics maker’s stock after selling 10,497 shares during the quarter. Amphenol accounts for about 2.9% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 7th largest position. Cookson Peirce & Co. Inc.’s holdings in Amphenol were worth $47,477,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in APH. Moneta Group Investment Advisors LLC lifted its holdings in Amphenol by 95,441.5% during the fourth 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 purchasing an additional 13,854,291 shares in the last quarter. Norges Bank purchased a new position in Amphenol during the fourth quarter valued at approximately $653,884,000. Morgan Stanley raised its position in shares of Amphenol by 44.1% during the fourth quarter. Morgan Stanley now owns 10,811,475 shares of the electronics maker’s stock valued at $823,186,000 after buying an additional 3,310,939 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Amphenol by 55.2% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,376,669 shares of the electronics maker’s stock valued at $199,616,000 after buying an additional 845,637 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Amphenol by 21.7% during the third quarter. Invesco Ltd. now owns 4,090,708 shares of the electronics maker’s stock valued at $343,579,000 after buying an additional 729,849 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on APH shares. Evercore ISI lifted their price objective on shares of Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Jefferies Financial Group assumed coverage on shares of Amphenol in a research report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price target on the stock. Stifel Nicolaus boosted their price target on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Robert W. Baird boosted their price target on shares of Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $118.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.00.

Amphenol Trading Down 0.1 %

APH stock traded down $0.16 during mid-day trading on Tuesday, reaching $112.23. 2,244,737 shares of the stock traded hands, compared to its average volume of 2,716,906. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. Amphenol Co. has a one year low of $72.00 and a one year high of $119.59. The stock has a market capitalization of $67.51 billion, a PE ratio of 36.14, a PEG ratio of 3.23 and a beta of 1.30. The business has a 50-day moving average price of $110.31 and a two-hundred day moving average price of $97.96.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the previous year, the business posted $0.78 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Equities research analysts expect that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date was Monday, March 18th. Amphenol’s dividend payout ratio is currently 28.30%.

Insider Activity

In other news, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 305,000 shares of company stock valued at $31,846,050. 2.22% of the stock is currently owned by company 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.