Graypoint LLC Has $231,000 Stock Position in Amphenol Co. (NYSE:APH)

Graypoint LLC trimmed its position in Amphenol Co. (NYSE:APH) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,328 shares of the electronics maker’s stock after selling 183 shares during the period. Graypoint LLC’s holdings in Amphenol were worth $231,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. West Coast Financial LLC raised its position in Amphenol by 65.0% during the fourth quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock valued at $12,779,000 after acquiring an additional 50,778 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in Amphenol during the fourth quarter valued at approximately $2,875,000. Fortune Financial Advisors LLC bought a new position in Amphenol during the fourth quarter valued at approximately $1,071,000. Community Trust & Investment Co. raised its position in Amphenol by 30.6% during the fourth quarter. Community Trust & Investment Co. now owns 178,306 shares of the electronics maker’s stock valued at $17,675,000 after acquiring an additional 41,754 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Amphenol by 9.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 175,954 shares of the electronics maker’s stock valued at $17,442,000 after acquiring an additional 15,279 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APH has been the topic of a number of recent analyst reports. Robert W. Baird lifted their price target on shares of Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. The Goldman Sachs Group lifted 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. Stifel Nicolaus lifted their price target on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Citigroup lifted their price target on shares of Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Amphenol Stock Down 0.8 %

APH opened at $112.39 on Tuesday. Amphenol Co. has a fifty-two week low of $72.00 and a fifty-two week high of $119.59. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. The firm’s fifty day moving average price is $110.31 and its two-hundred day moving average price is $97.96. The company has a market capitalization of $67.61 billion, a P/E ratio of 36.14, a P/E/G ratio of 3.23 and a beta of 1.30.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, topping 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 firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the previous year, the company earned $0.78 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. On average, analysts anticipate that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 annualized dividend and a dividend yield of 0.78%. Amphenol’s dividend payout ratio is presently 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 value of $17,595,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the sale, the chief financial officer now owns 147,045 shares in the company, valued at approximately $15,391,200.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 305,000 shares of company stock worth $31,846,050. Corporate insiders own 2.22% of the company’s stock.

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.