Lindbrook Capital LLC Increases Position in Amphenol Co. (NYSE:APH)

Lindbrook Capital LLC boosted its holdings in Amphenol Co. (NYSE:APH) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,160 shares of the electronics maker’s stock after purchasing an additional 428 shares during the quarter. Lindbrook Capital LLC’s holdings in Amphenol were worth $412,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Moneta Group Investment Advisors LLC grew its holdings in shares of Amphenol by 95,441.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,868,807 shares of the electronics maker’s stock valued at $1,055,971,000 after buying an additional 13,854,291 shares during the last quarter. Norges Bank purchased a new stake in shares of Amphenol during the fourth quarter valued at approximately $653,884,000. Morgan Stanley grew its holdings in shares of Amphenol by 44.1% during the fourth quarter. Morgan Stanley now owns 10,811,475 shares of the electronics maker’s stock valued at $823,186,000 after buying an additional 3,310,939 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Amphenol by 55.2% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,376,669 shares of the electronics maker’s stock valued at $199,616,000 after buying an additional 845,637 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Amphenol by 21.7% during the third quarter. Invesco Ltd. now owns 4,090,708 shares of the electronics maker’s stock valued at $343,579,000 after buying an additional 729,849 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider William J. Doherty sold 170,000 shares of the business’s stock in a transaction dated 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 ninety days, insiders have sold 305,000 shares of company stock worth $31,846,050. Insiders own 2.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on APH shares. Citigroup increased their price objective 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. Stifel Nicolaus increased their price objective 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. UBS Group increased their price objective on shares of Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group increased their price objective 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, Evercore ISI increased their price objective on shares of Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $113.75.

Amphenol Stock Performance

Amphenol stock opened at $110.17 on Monday. The company’s 50-day moving average price is $110.87 and its 200-day moving average price is $98.76. Amphenol Co. has a twelve month low of $72.00 and a twelve month high of $119.59. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The company has a market cap of $66.27 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 3.14 and a beta of 1.30.

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

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.80%. Amphenol’s payout ratio is 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.