Connable Office Inc. cut its position in shares of Amphenol Co. (NYSE:APH) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 32,864 shares of the electronics maker’s stock after selling 842 shares during the period. Connable Office Inc.’s holdings in Amphenol were worth $2,885,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CIBC Asset Management Inc grew its position in Amphenol by 2.0% during the 3rd quarter. CIBC Asset Management Inc now owns 30,016 shares of the electronics maker’s stock worth $2,541,000 after acquiring an additional 575 shares during the last quarter. BT Investment Management Ltd grew its position in Amphenol by 10.0% during the 3rd quarter. BT Investment Management Ltd now owns 6,965 shares of the electronics maker’s stock worth $590,000 after acquiring an additional 631 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Amphenol by 0.6% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 109,071 shares of the electronics maker’s stock worth $9,232,000 after acquiring an additional 654 shares during the last quarter. YHB Investment Advisors Inc. grew its position in Amphenol by 1.6% during the 4th quarter. YHB Investment Advisors Inc. now owns 41,128 shares of the electronics maker’s stock worth $3,611,000 after acquiring an additional 660 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in Amphenol by 52.6% during the 4th quarter. CENTRAL TRUST Co now owns 1,915 shares of the electronics maker’s stock worth $168,000 after acquiring an additional 660 shares during the last quarter. Hedge funds and other institutional investors own 96.47% of the company’s stock.

APH has been the subject of several research analyst reports. Canaccord Genuity reiterated a “hold” rating on shares of Amphenol in a report on Monday, October 16th. Stifel Nicolaus increased their price objective on Amphenol from $78.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Morgan Stanley increased their price objective on Amphenol from $74.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Deutsche Bank increased their price objective on Amphenol from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, SunTrust Banks increased their price objective on Amphenol from $77.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Amphenol has a consensus rating of “Buy” and an average target price of $92.00.

Shares of Amphenol Co. (NYSE APH) opened at $84.78 on Monday. Amphenol Co. has a fifty-two week low of $68.08 and a fifty-two week high of $93.62. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.95 and a quick ratio of 2.25. The firm has a market capitalization of $25,886.65, a P/E ratio of 26.01, a price-to-earnings-growth ratio of 2.49 and a beta of 0.82.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Amphenol had a return on equity of 26.09% and a net margin of 9.28%. The business’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. sell-side analysts forecast that Amphenol Co. will post 3.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Monday, March 19th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, March 16th. Amphenol’s payout ratio is presently 37.07%.

In other news, VP Lance E. D’amico sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $92.07, for a total value of $920,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diana G. Reardon sold 503,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total value of $45,637,190.00. Following the completion of the transaction, the director now owns 260,000 shares of the company’s stock, valued at approximately $23,589,800. The disclosure for this sale can be found here. In the last 90 days, insiders sold 523,000 shares of company stock valued at $47,452,990. 2.51% of the stock is currently owned by company insiders.

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About Amphenol

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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