Bank of New York Mellon Corp Cuts Stock Position in Amphenol Co. (NYSE:APH)

Bank of New York Mellon Corp trimmed its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,945,632 shares of the electronics maker's stock after selling 2,479,844 shares during the quarter. Bank of New York Mellon Corp owned about 2.73% of Amphenol worth $2,288,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Amphenol in the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. lifted its stake in shares of Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker's stock worth $32,000 after acquiring an additional 166 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock worth $32,000 after buying an additional 234 shares during the last quarter. Hanson & Doremus Investment Management bought a new stake in shares of Amphenol in the 4th quarter worth about $32,000. Finally, Endeavor Private Wealth Inc. acquired a new stake in Amphenol during the fourth quarter valued at approximately $49,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Up 1.7 %

APH stock traded up $1.11 during trading hours on Friday, reaching $66.57. 10,480,849 shares of the stock were exchanged, compared to its average volume of 7,859,414. The firm's 50-day moving average is $70.21 and its 200-day moving average is $68.75. Amphenol Co. has a 12 month low of $54.24 and a 12 month high of $79.39. The company has a market cap of $80.62 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 1.92 and a beta of 1.23. 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 announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same quarter last year, the firm posted $0.82 EPS. The company's quarterly revenue was up 29.8% on a year-over-year basis. On average, equities research analysts expect that Amphenol Co. will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 0.99%. Amphenol's dividend payout ratio (DPR) is presently 34.55%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on APH shares. Citigroup increased their price target on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. The Goldman Sachs Group boosted their price target on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Amphenol from $85.00 to $90.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a report on Thursday, January 23rd. Five investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $80.68.

Amphenol 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.