Mediolanum International Funds Ltd Acquires 9,345 Shares of Amphenol Co. (NYSE:APH)

Mediolanum International Funds Ltd grew its holdings in Amphenol Co. (NYSE:APH) by 12.4% during the 4th quarter, HoldingsChannel reports. The firm owned 84,861 shares of the electronics maker’s stock after purchasing an additional 9,345 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Amphenol were worth $5,883,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of APH. Trifecta Capital Advisors LLC grew its position in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares in the last quarter. Continuum Advisory LLC lifted its stake in Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. Hanson & Doremus Investment Management acquired a new stake in Amphenol in the fourth quarter valued at approximately $32,000. Finally, Sunbelt Securities Inc. grew its stake in shares of Amphenol by 100.3% during the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after buying an additional 324 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on APH. Bank of America raised 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. JPMorgan Chase & Co. boosted their price target on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI raised their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Citigroup boosted their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, TD Cowen raised their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Five investment 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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 Amphenol stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the sale, the chief financial officer now owns 318,116 shares of the company’s stock, valued at approximately $22,764,380.96. This trade represents a 48.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 612,000 shares of company stock worth $44,177,640. Company insiders own 1.80% of the company’s stock.

Amphenol Stock Down 1.3 %

Shares of NYSE:APH opened at $70.75 on Friday. Amphenol Co. has a 1 year low of $50.48 and a 1 year high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The business’s 50-day moving average is $71.96 and its 200-day moving average is $67.99. The company has a market capitalization of $85.29 billion, a price-to-earnings ratio of 36.94, a P/E/G ratio of 2.13 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations 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 prior year, the business earned $0.82 EPS. Equities research analysts predict that Amphenol Co. will post 2.25 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.46%.

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.