MJP Associates Inc. ADV Raises Stock Position in Amphenol Co. (NYSE:APH)

MJP Associates Inc. ADV increased its position in shares of Amphenol Co. (NYSE:APH) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,324 shares of the electronics maker’s stock after buying an additional 166 shares during the period. MJP Associates Inc. ADV’s holdings in Amphenol were worth $509,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Moore Capital Management LP purchased a new stake in shares of Amphenol during the fourth quarter worth approximately $6,945,000. LMR Partners LLP increased its stake in shares of Amphenol by 105.7% during the fourth quarter. LMR Partners LLP now owns 606,297 shares of the electronics maker’s stock worth $42,107,000 after buying an additional 311,497 shares during the period. Lighthouse Investment Partners LLC acquired a new position in Amphenol in the fourth quarter valued at approximately $1,320,000. Janus Henderson Group PLC boosted its holdings in Amphenol by 118.4% in the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker’s stock valued at $503,975,000 after purchasing an additional 3,933,269 shares in the last quarter. Finally, Jefferies Financial Group Inc. boosted its holdings in Amphenol by 14.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 17,936 shares of the electronics maker’s stock valued at $1,246,000 after purchasing an additional 2,260 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on APH. Fox Advisors raised Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target for the company in a report on Thursday, April 24th. Citigroup increased their price objective on Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Bank of America increased their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. TD Securities increased their price target on Amphenol from $63.00 to $70.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. increased their price target on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average target price of $81.62.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the business’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the sale, the chief executive officer now owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. The trade was a 49.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 400,000 shares of the business’s stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $75.93, for a total value of $30,372,000.00. Following the sale, the chief financial officer now owns 100,000 shares in the company, valued at approximately $7,593,000. The trade was a 80.00% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,178,500 shares of company stock worth $241,903,805. 1.67% of the stock is owned by corporate insiders.

Amphenol Stock Performance

Amphenol stock opened at $80.78 on Monday. The company has a market cap of $97.71 billion, a PE ratio of 42.18, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a fifty day moving average price of $68.09 and a two-hundred day moving average price of $69.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol Co. has a 12 month low of $54.77 and a 12 month high of $84.70.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 47.7% compared to the same quarter last year. Research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s dividend payout ratio (DPR) is presently 32.04%.

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.