Amphenol Co. (NYSE:APH) Position Trimmed by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. lessened its holdings in Amphenol Co. (NYSE:APH) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 776,972 shares of the electronics maker’s stock after selling 14,484 shares during the quarter. Amphenol comprises 3.1% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 9th largest position. Tandem Investment Advisors Inc. owned approximately 0.13% of Amphenol worth $77,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Daiwa Securities Group Inc. lifted its stake in shares of Amphenol by 7.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 67,626 shares of the electronics maker’s stock worth $6,704,000 after buying an additional 4,553 shares in the last quarter. Avior Wealth Management LLC lifted its stake in shares of Amphenol by 70.8% in the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after buying an additional 138 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Amphenol by 19.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 118,992 shares of the electronics maker’s stock worth $11,796,000 after buying an additional 19,489 shares in the last quarter. SVB Wealth LLC lifted its stake in shares of Amphenol by 43.6% in the fourth quarter. SVB Wealth LLC now owns 6,615 shares of the electronics maker’s stock worth $656,000 after buying an additional 2,010 shares in the last quarter. Finally, Waldron Private Wealth LLC lifted its stake in shares of Amphenol by 2.3% in the fourth quarter. Waldron Private Wealth LLC now owns 10,820 shares of the electronics maker’s stock worth $1,074,000 after buying an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Stifel Nicolaus increased their price objective on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. The Goldman Sachs Group increased their price objective on shares of Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Citigroup increased their price objective on shares of Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Finally, Jefferies Financial Group began coverage on shares of Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

Insider Transactions at Amphenol

In other news, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at $2,692,075. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the transaction, the vice president now directly owns 25,700 shares of the company’s stock, valued at $2,692,075. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock valued at $31,846,050 over the last three months. Corporate insiders own 2.22% of the company’s stock.

Amphenol Stock Performance

APH traded down $1.08 during trading on Wednesday, hitting $111.49. The company’s stock had a trading volume of 2,641,683 shares, compared to its average volume of 2,740,429. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. Amphenol Co. has a one year low of $72.00 and a one year high of $119.59. The firm has a market cap of $67.07 billion, a PE ratio of 35.85, a P/E/G ratio of 3.21 and a beta of 1.30. The business’s 50 day simple moving average is $110.51 and its 200-day simple moving average is $98.17.

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

Amphenol Dividend Announcement

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

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.