Canada Pension Plan Investment Board Sells 154,480 Shares of Amphenol Co. (NYSE:APH)

Canada Pension Plan Investment Board reduced its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 25.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449,650 shares of the electronics maker's stock after selling 154,480 shares during the period. Canada Pension Plan Investment Board's holdings in Amphenol were worth $31,228,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Tacita Capital Inc lifted its holdings in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker's stock worth $27,000 after acquiring an additional 296 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Amphenol in the 4th quarter worth about $28,000. Rialto Wealth Management LLC purchased a new position in shares of Amphenol in the 4th quarter worth about $28,000. Rakuten Securities Inc. raised its holdings in shares of Amphenol by 703.8% during the 4th quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker's stock valued at $29,000 after buying an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in Amphenol in the 4th quarter worth approximately $32,000. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

APH has been the subject of a number of recent research reports. Fox Advisors upgraded shares of Amphenol from an "equal weight" rating to an "overweight" rating and set a $85.00 price objective for the company in a report on Thursday. The Goldman Sachs Group increased their price target on shares of Amphenol from $72.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday. Robert W. Baird boosted their price objective on shares of Amphenol from $73.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday. US Capital Advisors set a $85.00 target price on Amphenol in a research note on Thursday. Finally, Citigroup boosted their target price on Amphenol from $75.00 to $85.00 and gave the company a "buy" rating in a research note on Thursday. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Amphenol presently has a consensus rating of "Moderate Buy" and an average price target of $82.58.

Amphenol Price Performance

Shares of NYSE APH traded down $0.04 during mid-day trading on Friday, reaching $75.99. The company's stock had a trading volume of 5,573,846 shares, compared to its average volume of 7,442,135. The stock has a fifty day moving average of $65.39 and a two-hundred day moving average of $68.87. The firm has a market capitalization of $92.08 billion, a PE ratio of 39.69, a P/E/G ratio of 1.92 and a beta of 1.17. Amphenol Co. has a 52 week low of $54.77 and a 52 week high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. The firm had revenue of $4.81 billion for the quarter, compared to analysts' expectations of $4.20 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. During the same quarter last year, the business posted $0.40 earnings per share. As a group, sell-side analysts anticipate that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.87%. Amphenol's dividend payout ratio is currently 34.55%.

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.