The Manufacturers Life Insurance Company Sells 504,121 Shares of Amphenol Co. (NYSE:APH)

The Manufacturers Life Insurance Company lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 26.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,428,038 shares of the electronics maker’s stock after selling 504,121 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Amphenol were worth $99,177,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in APH. Princeton Global Asset Management LLC increased its position in Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock valued at $1,634,000 after buying an additional 136 shares in the last quarter. WASHINGTON TRUST Co increased its position in Amphenol by 23.0% during the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock valued at $55,000 after buying an additional 147 shares in the last quarter. Fragasso Financial Advisors Inc increased its position in Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after buying an additional 171 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in Amphenol by 3.3% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock valued at $381,000 after buying an additional 173 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC increased its position in Amphenol by 3.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker’s stock valued at $363,000 after buying an additional 177 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on APH shares. US Capital Advisors set a $85.00 target price on Amphenol in a research report on Thursday. The Goldman Sachs Group upped their target price on Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Citigroup increased their price objective on Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Bank of America increased their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Finally, UBS Group reissued a “buy” rating and issued a $85.00 price objective (up from $78.00) on shares of Amphenol in a report on Thursday. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.58.

Amphenol Stock Up 0.1 %

Amphenol stock opened at $75.90 on Tuesday. The firm has a market cap of $91.97 billion, a price-to-earnings ratio of 39.63, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $79.39. The business’s 50-day moving average price is $65.65 and its 200 day moving average price is $69.08. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.165 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. Amphenol’s dividend payout ratio is currently 32.04%.

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.