TimesSquare Capital Management LLC Sells 28,985 Shares of Amphenol Co. (NYSE:APH)

TimesSquare Capital Management LLC lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 3.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 839,319 shares of the electronics maker’s stock after selling 28,985 shares during the period. Amphenol comprises about 1.2% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 24th biggest position. TimesSquare Capital Management LLC’s holdings in Amphenol were worth $83,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of APH. FMR LLC raised its stake in Amphenol by 1.3% in the third quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock valued at $4,661,480,000 after purchasing an additional 691,964 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Amphenol by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock valued at $1,283,360,000 after buying an additional 653,354 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Amphenol by 4.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,145,093 shares of the electronics maker’s stock worth $1,104,056,000 after acquiring an additional 564,110 shares during the last quarter. Flossbach Von Storch AG lifted its holdings in shares of Amphenol by 1.9% during the 3rd quarter. Flossbach Von Storch AG now owns 7,908,317 shares of the electronics maker’s stock worth $664,220,000 after acquiring an additional 151,058 shares during the last quarter. Finally, Northern Trust Corp grew its position in Amphenol by 6.0% in the third quarter. Northern Trust Corp now owns 6,195,739 shares of the electronics maker’s stock worth $520,380,000 after acquiring an additional 351,353 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Up 0.8 %

Shares of Amphenol stock traded up $1.01 during trading on Thursday, hitting $127.62. The company’s stock had a trading volume of 2,642,271 shares, compared to its average volume of 2,908,456. The company has a market capitalization of $76.65 billion, a PE ratio of 39.03, a P/E/G ratio of 3.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06. Amphenol Co. has a 52 week low of $72.77 and a 52 week high of $127.78. The company has a fifty day simple moving average of $114.61 and a two-hundred day simple moving average of $102.06.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. Equities research analysts predict that Amphenol Co. will post 3.35 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, June 18th. Amphenol’s payout ratio is currently 26.91%.

Amphenol declared that its Board of Directors has approved a share buyback program on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

APH has been the subject of several research analyst reports. Citigroup lifted their price target on Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Evercore ISI upped their target price on Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Stifel Nicolaus lifted their price target on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Bank of America upped their price objective on shares of Amphenol from $121.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, Robert W. Baird lifted their price objective on Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and an average target price of $118.83.

Insider Activity

In related news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction that occurred 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 filing with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

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.