Vontobel Holding Ltd. Boosts Stake in Amphenol Co. (NYSE:APH)

Vontobel Holding Ltd. raised its position in Amphenol Co. (NYSE:APH) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,040 shares of the electronics maker’s stock after purchasing an additional 1,588 shares during the quarter. Vontobel Holding Ltd.’s holdings in Amphenol were worth $2,978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peoples Bank KS purchased a new stake in Amphenol during the 3rd quarter worth $27,000. Venturi Wealth Management LLC lifted its stake in shares of Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 142 shares in the last quarter. Mendota Financial Group LLC purchased a new stake in shares of Amphenol in the fourth quarter worth about $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Amphenol in the third quarter valued at about $34,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Amphenol during the 1st quarter valued at about $33,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction that occurred on Friday, February 2nd. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Craig A. Lampo sold 100,000 shares of the 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 sale, the chief financial officer now 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 can be accessed through this hyperlink. Also, insider William J. Doherty sold 170,000 shares of Amphenol 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. Insiders have sold a total of 305,000 shares of company stock worth $31,846,050 over the last quarter. 2.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on APH shares. Bank of America increased their price objective on shares of Amphenol from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup raised their price target on shares of Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Jefferies Financial Group began coverage on shares of Amphenol in a report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price objective on the stock. UBS Group raised their target price on Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group boosted their price target on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Amphenol Trading Down 0.5 %

Shares of NYSE APH opened at $110.88 on Friday. The stock has a market capitalization of $66.70 billion, a P/E ratio of 35.65, a PEG ratio of 3.21 and a beta of 1.30. The stock’s 50 day moving average price is $110.77 and its two-hundred day moving average price is $98.35. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. Amphenol Co. has a 52-week low of $72.00 and a 52-week high of $119.59.

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

Amphenol Dividend Announcement

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

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.