North Point Portfolio Managers Corp OH Cuts Holdings in Amphenol Co. (NYSE:APH)

North Point Portfolio Managers Corp OH trimmed its position in Amphenol Co. (NYSE:APH) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 386,934 shares of the electronics maker’s stock after selling 11,104 shares during the period. Amphenol makes up about 4.7% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 2nd largest holding. North Point Portfolio Managers Corp OH’s holdings in Amphenol were worth $26,873,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its holdings in shares of Amphenol by 50.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after acquiring an additional 90,450 shares during the last quarter. LMR Partners LLP boosted its holdings in shares of Amphenol by 315.1% in the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock worth $19,209,000 after buying an additional 223,784 shares during the period. Advisors Asset Management Inc. increased its position in shares of Amphenol by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock worth $6,966,000 after acquiring an additional 19,496 shares in the last quarter. Whalen Wealth Management Inc. purchased a new stake in shares of Amphenol in the 3rd quarter valued at approximately $484,000. Finally, Czech National Bank raised its stake in Amphenol by 7.2% during the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock valued at $15,985,000 after purchasing an additional 16,425 shares during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Down 1.9 %

Shares of APH stock opened at $77.10 on Monday. The company has a quick ratio of 1.33, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $92.95 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.12 and a beta of 1.24. Amphenol Co. has a 12-month low of $49.38 and a 12-month high of $79.39. The firm has a 50-day moving average price of $72.12 and a 200 day moving average price of $67.98.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4,051,810 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The company’s revenue was up 29.8% on a year-over-year basis. Research analysts forecast that Amphenol Co. will post 2.17 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio is 34.46%.

Insiders Place Their Bets

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

APH has been the topic of several recent analyst reports. Citigroup upped their price target on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Evercore ISI increased their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. TD Cowen lifted their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Bank of America lifted their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Robert W. Baird increased their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Company 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.