London Co. of Virginia Lowers Holdings in Amphenol Co. (NYSE:APH)

London Co. of Virginia trimmed its holdings in Amphenol Co. (NYSE:APH) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,179,547 shares of the electronics maker’s stock after selling 18,739 shares during the period. London Co. of Virginia owned about 0.26% of Amphenol worth $220,820,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Lighthouse Investment Partners LLC purchased a new position in shares of Amphenol in the fourth quarter valued at about $1,320,000. Janus Henderson Group PLC lifted its position in shares of Amphenol by 118.4% in the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker’s stock worth $503,975,000 after buying an additional 3,933,269 shares in the last quarter. Jefferies Financial Group Inc. lifted its position in shares of Amphenol by 14.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 17,936 shares of the electronics maker’s stock worth $1,246,000 after buying an additional 2,260 shares in the last quarter. Focus Partners Wealth lifted its position in shares of Amphenol by 5.2% in the fourth quarter. Focus Partners Wealth now owns 133,461 shares of the electronics maker’s stock worth $9,279,000 after buying an additional 6,573 shares in the last quarter. Finally, Fosun International Ltd purchased a new stake in shares of Amphenol in the fourth quarter worth about $653,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Trading Up 0.2%

APH opened at $80.78 on Monday. The stock has a market cap of $97.71 billion, a price-to-earnings ratio of 42.18, a P/E/G ratio of 1.92 and a beta of 1.10. The stock’s 50 day moving average price is $68.09 and its 200-day moving average price is $69.84. Amphenol Co. has a one year low of $54.77 and a one year high of $84.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company’s quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. On average, equities analysts forecast that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. Amphenol’s dividend payout ratio is 32.04%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on APH shares. UBS Group reiterated a “buy” rating and issued a $85.00 target price (up from $78.00) on shares of Amphenol in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research report on Thursday, April 24th. Fox Advisors upgraded Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 target price on the stock in a research report on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on Amphenol in a research report on Thursday, April 24th. Finally, Citigroup upped their price objective on Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.62.

Insider Activity

In related news, VP David M. Silverman sold 87,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total value of $7,002,625.00. Following the transaction, the vice president now owns 12,500 shares of the company’s stock, valued at $1,000,375. This represents a 87.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Doherty sold 126,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.28, for a total value of $10,115,280.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,178,500 shares of company stock valued at $241,903,805. 1.67% of the stock is currently owned by insiders.

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.