Amphenol Co. (NYSE:APH) Shares Sold by Flossbach Von Storch AG

Flossbach Von Storch AG cut its holdings in shares of Amphenol Co. (NYSE:APH) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,874,133 shares of the electronics maker’s stock after selling 34,184 shares during the quarter. Amphenol accounts for about 3.6% of Flossbach Von Storch AG’s portfolio, making the stock its 12th largest holding. Flossbach Von Storch AG owned about 1.32% of Amphenol worth $780,563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System acquired a new position in Amphenol in the fourth quarter valued at approximately $3,589,000. West Coast Financial LLC raised its position in shares of Amphenol by 65.0% in the fourth quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock worth $12,779,000 after acquiring an additional 50,778 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in shares of Amphenol during the 4th quarter worth about $2,875,000. Fortune Financial Advisors LLC purchased a new position in shares of Amphenol in the 4th quarter valued at about $1,071,000. Finally, Community Trust & Investment Co. raised its holdings in Amphenol by 30.6% in the 4th quarter. Community Trust & Investment Co. now owns 178,306 shares of the electronics maker’s stock worth $17,675,000 after purchasing an additional 41,754 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amphenol news, insider Peter Straub sold 20,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was 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 SEC, which is available at this link. In other Amphenol news, insider Peter Straub sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total value of $2,212,800.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider William J. Doherty sold 170,000 shares of Amphenol 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 disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock worth $31,846,050 over the last 90 days. Corporate insiders own 2.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Robert W. Baird upped their price objective 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. JPMorgan Chase & Co. boosted their price objective on Amphenol from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. UBS Group raised their target price on Amphenol from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday. The Goldman Sachs Group boosted their price target on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Jefferies Financial Group assumed coverage on shares of Amphenol in a research note on Tuesday, April 9th. They set a “hold” rating and a $125.00 target price on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $112.00.

Amphenol Trading Down 1.0 %

Shares of APH traded down $1.08 during midday trading on Wednesday, hitting $111.49. 2,641,683 shares of the stock were exchanged, compared to its average volume of 2,740,429. Amphenol Co. has a 52-week low of $72.00 and a 52-week high of $119.59. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17. The stock has a fifty day simple moving average of $110.65 and a 200 day simple moving average of $98.26. The firm has a market cap of $67.07 billion, a P/E ratio of 35.85, a P/E/G ratio of 3.21 and a beta of 1.30.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. Amphenol’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. On average, research analysts anticipate that Amphenol Co. will post 3.28 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.79%. Amphenol’s dividend payout ratio is presently 28.30%.

About Amphenol

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.