Hunter Associates Investment Management LLC Has $1.38 Million Stock Position in Amphenol Co. (NYSE:APH)

Hunter Associates Investment Management LLC cut its holdings in shares of Amphenol Co. (NYSE:APH) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,736 shares of the electronics maker’s stock after selling 507 shares during the period. Hunter Associates Investment Management LLC’s holdings in Amphenol were worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in Amphenol by 208.8% in the fourth quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock valued at $1,765,000 after acquiring an additional 18,322 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Amphenol by 50.9% during the third quarter. Daiwa Securities Group Inc. now owns 268,219 shares of the electronics maker’s stock worth $17,477,000 after purchasing an additional 90,450 shares during the period. LMR Partners LLP increased its holdings in Amphenol by 315.1% in the third quarter. LMR Partners LLP now owns 294,800 shares of the electronics maker’s stock valued at $19,209,000 after purchasing an additional 223,784 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Amphenol by 22.3% in the third quarter. Advisors Asset Management Inc. now owns 106,899 shares of the electronics maker’s stock valued at $6,966,000 after buying an additional 19,496 shares during the period. Finally, Whalen Wealth Management Inc. bought a new position in Amphenol during the third quarter worth about $484,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

APH has been the subject of several research analyst reports. The Goldman Sachs Group boosted their price target on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Bank of America raised their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Evercore ISI boosted their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Insiders Place Their Bets

In related news, insider Peter Straub sold 132,000 shares of the firm’s 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the sale, the vice president now owns 14,000 shares in the company, valued at $1,005,340. This represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 612,000 shares of company stock valued at $44,177,640 in the last 90 days. 1.80% of the stock is currently owned by insiders.

Amphenol Price Performance

NYSE APH opened at $71.69 on Friday. The firm’s 50 day moving average is $71.99 and its 200-day moving average is $67.97. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $86.43 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 2.13 and a beta of 1.24. Amphenol Co. has a 12-month low of $50.48 and a 12-month high of $79.39.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same period in the previous year, the business earned $0.82 EPS. The company’s revenue was up 29.8% compared to the same quarter last year. Equities research analysts anticipate that Amphenol Co. will post 2.25 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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 dividend on an annualized basis and a yield of 0.92%. Amphenol’s dividend payout ratio is 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.