Royal Bank of Canada Has $902.67 Million Stake in Amphenol Co. (NYSE:APH)

Royal Bank of Canada trimmed its position in shares of Amphenol Co. (NYSE:APH) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,997,388 shares of the electronics maker’s stock after selling 236,394 shares during the period. Royal Bank of Canada’s holdings in Amphenol were worth $902,668,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Tacita Capital Inc increased its holdings in shares of Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 296 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Amphenol during the 4th quarter worth about $28,000. Rialto Wealth Management LLC acquired a new stake in shares of Amphenol during the 4th quarter worth about $28,000. Rakuten Securities Inc. lifted its stake in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock worth $29,000 after buying an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management acquired a new stake in shares of Amphenol during the 4th quarter worth about $32,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on APH shares. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $85.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. UBS Group restated a “buy” rating and issued a $85.00 price target (up from $78.00) on shares of Amphenol in a research note on Thursday, April 24th. Bank of America boosted their price target on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group increased their target price on shares of Amphenol from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Finally, Robert W. Baird increased their target price on shares of Amphenol from $73.00 to $85.00 and gave the stock an “outperform” 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.62.

Amphenol Stock Up 0.2%

Shares of NYSE APH opened at $85.82 on Friday. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $86.80. The stock has a market capitalization of $103.81 billion, a P/E ratio of 44.81, a PEG ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock’s fifty day moving average is $69.91 and its 200 day moving average is $70.28.

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

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s dividend payout ratio (DPR) is 32.04%.

Insider Activity at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 2,000,000 shares of the business’s stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the sale, the chief executive officer now directly owns 2,002,507 shares of the company’s stock, valued at $151,649,855.11. The trade was a 49.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David M. Silverman sold 87,500 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the sale, the vice president now directly owns 12,500 shares in the company, valued at $1,000,375. The trade was a 87.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,178,500 shares of company stock valued at $241,903,805 in the last 90 days. 1.67% of the stock is owned by corporate insiders.

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.