James Hambro & Partners LLP Sells 31,713 Shares of Amphenol Co. (NYSE:APH)

James Hambro & Partners LLP cut its holdings in shares of Amphenol Co. (NYSE:APH) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,949,891 shares of the electronics maker’s stock after selling 31,713 shares during the period. Amphenol comprises about 5.3% of James Hambro & Partners LLP’s portfolio, making the stock its 6th biggest position. James Hambro & Partners LLP owned about 0.16% of Amphenol worth $135,508,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. increased its holdings in Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after buying an additional 2,032,402 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of Amphenol in the 3rd quarter valued at about $113,828,000. State Street Corp raised its position in shares of Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after acquiring an additional 1,537,880 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Amphenol by 151.7% during the third quarter. Point72 Asset Management L.P. now owns 2,210,672 shares of the electronics maker’s stock worth $144,047,000 after purchasing an additional 1,332,298 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Amphenol by 157.2% in the third quarter. The Manufacturers Life Insurance Company now owns 1,932,159 shares of the electronics maker’s stock valued at $125,899,000 after purchasing an additional 1,180,944 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

NYSE:APH opened at $77.10 on Monday. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $92.95 billion, a P/E ratio of 40.26, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The firm has a 50-day moving average price of $72.12 and a two-hundred day moving average price of $67.98. Amphenol Co. has a twelve month low of $49.38 and a twelve month high of $79.39.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating 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 $4,051,810 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 EPS. As a group, research analysts expect that Amphenol Co. will post 2.17 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 34.46%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APH. Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday. TD Cowen lifted their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Robert W. Baird increased their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday. The Goldman Sachs Group lifted their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Insider Buying and Selling

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the transaction, the chief financial officer now owns 218,116 shares in the company, valued at $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. Insiders own 1.80% of the company’s stock.

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.