Strategic Blueprint LLC Reduces Stock Holdings in Amphenol Co. (NYSE:APH)

Strategic Blueprint LLC reduced its position in Amphenol Co. (NYSE:APH) by 19.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,341 shares of the electronics maker’s stock after selling 1,484 shares during the quarter. Strategic Blueprint LLC’s holdings in Amphenol were worth $440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Amphenol Stock Down 1.3 %

Shares of NYSE:APH opened at $70.75 on Friday. The firm has a fifty day moving average of $71.96 and a 200 day moving average of $67.99. Amphenol Co. has a 52-week low of $50.48 and a 52-week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The firm has a market capitalization of $85.29 billion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.13 and a beta of 1.24.

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

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is currently 34.46%.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 300,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the completion of the sale, the chief financial officer now directly owns 318,116 shares in the company, valued at $22,764,380.96. This represents a 48.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 612,000 shares of company stock worth $44,177,640 in the last 90 days. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on APH shares. TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Robert W. Baird raised 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. JPMorgan Chase & Co. upped their price target on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Citigroup raised their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, Evercore ISI increased their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

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.