Sumitomo Mitsui DS Asset Management Company Ltd Acquires 4,228 Shares of Amphenol Co. (NYSE:APH)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Amphenol Co. (NYSE:APH) by 7.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,556 shares of the electronics maker’s stock after buying an additional 4,228 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Amphenol were worth $6,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Peoples Bank KS purchased a new position in shares of Amphenol during the third quarter valued at approximately $27,000. Mendota Financial Group LLC bought a new stake in shares of Amphenol in the 4th quarter worth $33,000. Venturi Wealth Management LLC raised its holdings in shares of Amphenol by 75.5% in the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 142 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of Amphenol by 70.8% during the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 138 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in Amphenol during the first quarter worth about $33,000. 97.01% of the stock is owned by institutional investors.

Insider Activity

In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the sale, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amphenol news, insider Peter Straub sold 20,000 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on APH. Stifel Nicolaus lifted their target price on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Citigroup lifted their price target on Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Jefferies Financial Group started coverage on Amphenol in a research note on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $118.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Robert W. Baird increased 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. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $113.75.

Amphenol Stock Down 0.6 %

APH opened at $110.17 on Monday. The company has a 50 day moving average of $110.87 and a 200 day moving average of $98.76. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. Amphenol Co. has a 12 month low of $72.00 and a 12 month high of $119.59. The company has a market cap of $66.27 billion, a PE ratio of 35.42, a price-to-earnings-growth ratio of 2.95 and a beta of 1.30.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating the consensus estimate 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%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. On average, sell-side analysts expect that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s payout ratio is 28.30%.

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.