Amphenol Co. (NYSE:APH) Shares Sold by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. decreased its position in shares of Amphenol Co. (NYSE:APH) by 25.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,796 shares of the electronics maker’s stock after selling 599 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Amphenol were worth $178,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Peoples Bank KS purchased a new position in shares of Amphenol in the 3rd quarter valued at approximately $27,000. Mendota Financial Group LLC purchased a new position in shares of Amphenol in the 4th quarter valued at approximately $33,000. Venturi Wealth Management LLC grew its stake in shares of Amphenol by 75.5% in the 4th 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. Sunbelt Securities Inc. purchased a new position in shares of Amphenol in the 1st quarter valued at approximately $33,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of Amphenol in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

APH has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. 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 target on the stock. UBS Group lifted their price target on Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday. Bank of America lifted their price target on Amphenol from $117.00 to $121.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Evercore ISI lifted their price target on Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a research note on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.75.

Insider Transactions at Amphenol

In other news, insider Peter Straub sold 20,000 shares of the business’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock valued at $31,846,050 over the last three months. 2.22% of the stock is currently owned by insiders.

Amphenol Stock Down 0.5 %

APH opened at $110.88 on Friday. The business’s fifty day moving average is $110.77 and its two-hundred day moving average is $98.35. 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 company has a market cap of $66.70 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 3.21 and a beta of 1.30. Amphenol Co. has a one year low of $72.00 and a one year high of $119.59.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 23.94% and a net margin of 15.36%. Amphenol’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. Analysts anticipate that Amphenol Co. will post 3.28 EPS for the current fiscal year.

Amphenol Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.79%. Amphenol’s dividend payout ratio (DPR) is 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.