Copeland Capital Management LLC Sells 706 Shares of Amphenol Co. (NYSE:APH)

Copeland Capital Management LLC reduced its stake in shares of Amphenol Co. (NYSE:APH) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,566 shares of the electronics maker’s stock after selling 706 shares during the quarter. Copeland Capital Management LLC’s holdings in Amphenol were worth $1,428,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Trifecta Capital Advisors LLC increased its stake in Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the period. Brown Brothers Harriman & Co. grew its holdings in shares of Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares during the last quarter. Continuum Advisory LLC raised its holdings in Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares during the last quarter. Hanson & Doremus Investment Management purchased a new stake in Amphenol during the 4th quarter valued at $32,000. Finally, Endeavor Private Wealth Inc. bought a new stake in Amphenol in the 4th quarter worth $49,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

APH has been the subject of a number of analyst reports. Robert W. Baird increased their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. TD Cowen increased their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Citigroup boosted their target price on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. raised their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Bank of America boosted their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $80.68.

Insider Activity

In related news, CFO Craig A. Lampo sold 300,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the sale, the chief financial officer now directly owns 318,116 shares of the company’s stock, valued at $22,764,380.96. This trade represents a 48.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 612,000 shares of company stock worth $44,177,640 over the last 90 days. 1.80% of the stock is currently owned by insiders.

Amphenol Price Performance

APH stock opened at $70.75 on Monday. 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 firm has a 50 day moving average price of $71.89 and a 200-day moving average price of $67.98. Amphenol Co. has a 52-week low of $50.48 and a 52-week high of $79.39. The firm has a market capitalization of $85.29 billion, a price-to-earnings ratio of 36.94, a PEG ratio of 2.13 and a beta of 1.24.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.82 earnings per share. Equities research analysts forecast that Amphenol Co. will post 2.25 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 0.93%. Amphenol’s dividend payout ratio is presently 34.55%.

About Amphenol

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.