Amphenol Co. (NYSE:APH) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its stake in shares of Amphenol Co. (NYSE:APH) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,568,758 shares of the electronics maker’s stock after selling 38,499 shares during the quarter. California Public Employees Retirement System owned 0.60% of Amphenol worth $353,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC lifted its holdings in Amphenol by 35.7% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,913 shares of the electronics maker’s stock worth $329,000 after buying an additional 1,029 shares during the last quarter. CWM LLC lifted its holdings in Amphenol by 3.3% during the 3rd quarter. CWM LLC now owns 13,488 shares of the electronics maker’s stock worth $1,133,000 after buying an additional 427 shares during the last quarter. HB Wealth Management LLC lifted its holdings in Amphenol by 29.0% during the 3rd quarter. HB Wealth Management LLC now owns 7,773 shares of the electronics maker’s stock worth $653,000 after buying an additional 1,746 shares during the last quarter. Community Trust & Investment Co. lifted its holdings in Amphenol by 13.6% during the 3rd quarter. Community Trust & Investment Co. now owns 136,552 shares of the electronics maker’s stock worth $11,469,000 after buying an additional 16,336 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in Amphenol by 9.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 6,226 shares of the electronics maker’s stock worth $523,000 after buying an additional 546 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Performance

NYSE APH traded up $1.69 on Monday, hitting $111.86. 3,271,085 shares of the company’s stock were exchanged, compared to its average volume of 2,762,463. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. The firm’s 50-day moving average price is $110.87 and its two-hundred day moving average price is $98.76. Amphenol Co. has a fifty-two week low of $72.00 and a fifty-two week high of $119.59. The firm has a market cap of $67.29 billion, a price-to-earnings ratio of 35.97, a P/E/G ratio of 2.95 and a beta of 1.30.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.16 billion. During the same quarter in the prior year, the firm posted $0.78 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts expect that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Monday, March 18th. Amphenol’s payout ratio is currently 28.30%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on APH shares. Bank of America lifted their price target on Amphenol from $117.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup boosted their target price on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. JPMorgan Chase & Co. boosted their target price on Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Evercore ISI boosted their target price on Amphenol from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, March 25th. Finally, The Goldman Sachs Group boosted their target price on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $113.75.

Insider Activity at Amphenol

In other Amphenol news, insider Peter Straub sold 20,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Amphenol news, insider Peter Straub sold 20,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total value of $10,467,000.00. Following the transaction, the chief financial officer now directly owns 147,045 shares in the company, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 305,000 shares of company stock valued at $31,846,050. 1.80% 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.