PGGM Investments Has $10.01 Million Stake in Amphenol Co. (NYSE:APH)

PGGM Investments trimmed its position in shares of Amphenol Co. (NYSE:APH) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,986 shares of the electronics maker’s stock after selling 2,863 shares during the period. PGGM Investments’ holdings in Amphenol were worth $10,011,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of APH. Louisiana State Employees Retirement System acquired a new stake in shares of Amphenol in the 4th quarter valued at approximately $3,589,000. West Coast Financial LLC raised its holdings in Amphenol by 65.0% in the 4th quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock valued at $12,779,000 after buying an additional 50,778 shares during the last quarter. Cerity Partners LLC raised its holdings in Amphenol by 63.4% in the 4th quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker’s stock valued at $3,793,000 after buying an additional 14,843 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in Amphenol in the 4th quarter valued at approximately $2,875,000. Finally, Fortune Financial Advisors LLC bought a new position in Amphenol in the 4th quarter valued at approximately $1,071,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Trading Up 1.2 %

Shares of APH stock traded up $1.48 during trading hours on Friday, hitting $120.49. 4,172,919 shares of the company were exchanged, compared to its average volume of 3,505,085. The firm has a market cap of $72.48 billion, a P/E ratio of 36.85, a P/E/G ratio of 3.17 and a beta of 1.30. Amphenol Co. has a fifty-two week low of $72.77 and a fifty-two week high of $121.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 2.06. The company has a 50 day simple moving average of $112.04 and a two-hundred day simple moving average of $99.81.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.07. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the firm posted $0.69 EPS. Amphenol’s revenue was up 9.5% compared to the same quarter last year. Equities analysts anticipate that Amphenol Co. will post 3.34 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.73%. The ex-dividend date was Monday, March 18th. Amphenol’s payout ratio is currently 26.91%.

Amphenol declared that its board has initiated a share buyback program on Wednesday, April 24th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. raised their price target on shares of Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America raised their price target on shares of Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday. Robert W. Baird raised their price target on shares of Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Citigroup raised their price target on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $118.83.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lance E. D’amico sold 15,000 shares of Amphenol 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 completion of the sale, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The disclosure for this sale can be found here. In the last 90 days, insiders sold 305,000 shares of company stock valued at $31,846,050. 1.80% of the stock is owned by company insiders.

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.