Livforsakringsbolaget Skandia Omsesidigt Boosts Stake in Amphenol Co. (NYSE:APH)

Livforsakringsbolaget Skandia Omsesidigt increased its position in Amphenol Co. (NYSE:APH) by 108.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 874 shares of the electronics maker’s stock after purchasing an additional 454 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Amphenol were worth $87,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in APH. Hixon Zuercher LLC raised its stake in shares of Amphenol by 0.5% during the 4th quarter. Hixon Zuercher LLC now owns 21,437 shares of the electronics maker’s stock worth $2,125,000 after buying an additional 104 shares in the last quarter. Jacobsen Capital Management grew its holdings in Amphenol by 1.8% during the 4th quarter. Jacobsen Capital Management now owns 6,113 shares of the electronics maker’s stock valued at $606,000 after buying an additional 108 shares during the last quarter. Strategic Blueprint LLC grew its holdings in Amphenol by 2.4% during the 4th quarter. Strategic Blueprint LLC now owns 4,844 shares of the electronics maker’s stock valued at $480,000 after buying an additional 112 shares during the last quarter. Simon Quick Advisors LLC grew its holdings in Amphenol by 2.2% during the 4th quarter. Simon Quick Advisors LLC now owns 5,421 shares of the electronics maker’s stock valued at $537,000 after buying an additional 115 shares during the last quarter. Finally, Drive Wealth Management LLC grew its holdings in Amphenol by 3.4% during the 4th quarter. Drive Wealth Management LLC now owns 3,573 shares of the electronics maker’s stock valued at $355,000 after buying an additional 116 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Peter Straub sold 20,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The disclosure for this sale can be found here. Insiders sold 305,000 shares of company stock worth $31,846,050 over the last ninety days. Company insiders own 2.22% of the company’s stock.

Amphenol Stock Down 0.6 %

NYSE:APH opened at $110.21 on Friday. The firm has a market capitalization of $66.30 billion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 3.18 and a beta of 1.30. The stock has a 50 day moving average of $110.87 and a 200-day moving average of $98.54. Amphenol Co. has a 52 week low of $72.00 and a 52 week high of $119.59. 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 (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. The business had revenue of $3.33 billion during 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%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. Analysts predict that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have recently issued reports on APH. The Goldman Sachs Group raised their price objective on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Jefferies Financial Group began coverage on Amphenol in a report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective on the stock. Robert W. Baird increased their target price on Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Bank of America raised their price objective on Amphenol from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Citigroup raised their price objective on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.75.

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.