Tobam Acquires 757 Shares of Amphenol Co. (NYSE:APH)

Tobam lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 12.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,048 shares of the electronics maker’s stock after purchasing an additional 757 shares during the quarter. Tobam’s holdings in Amphenol were worth $459,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Chilton Investment Co. Inc. lifted its stake in Amphenol by 134.3% during the fourth quarter. Chilton Investment Co. Inc. now owns 11,408 shares of the electronics maker’s stock worth $1,131,000 after purchasing an additional 6,540 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Amphenol by 7.4% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 510,708 shares of the electronics maker’s stock worth $50,626,000 after acquiring an additional 35,102 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Amphenol by 39.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock valued at $2,899,059,000 after buying an additional 8,340,759 shares during the period. Okabena Investment Services Inc. grew its position in Amphenol by 139.7% during the 4th quarter. Okabena Investment Services Inc. now owns 13,798 shares of the electronics maker’s stock worth $1,368,000 after acquiring an additional 8,042 shares during the last quarter. Finally, Oarsman Capital Inc. grew its holdings in shares of Amphenol by 10.0% in the fourth quarter. Oarsman Capital Inc. now owns 12,516 shares of the electronics maker’s stock worth $1,241,000 after purchasing an additional 1,137 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at $124,875,089.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Luc Walter sold 170,000 shares of Amphenol stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the completion of the sale, the insider now directly owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on APH shares. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. UBS Group boosted their target price on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Bank of America cut their price target on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Vertical Research initiated coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.50.

Amphenol Stock Down 0.6 %

APH stock opened at $64.56 on Friday. The business has a 50 day moving average of $63.95 and a 200 day moving average of $63.82. The firm has a market cap of $77.54 billion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. Amphenol Co. has a twelve month low of $39.34 and a twelve month high of $70.84. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the company earned $0.72 earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. On average, research analysts forecast that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th were given a $0.165 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.02%. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

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.