Brighton Jones LLC Buys 9,390 Shares of Amphenol Co. (NYSE:APH)

Brighton Jones LLC lifted its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 114.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,624 shares of the electronics maker's stock after buying an additional 9,390 shares during the quarter. Brighton Jones LLC's holdings in Amphenol were worth $1,224,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of APH. Legal & General Group Plc boosted its holdings in shares of Amphenol by 116.6% during the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock worth $662,458,000 after acquiring an additional 5,293,292 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of 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 acquiring an additional 2,032,402 shares during the period. Two Sigma Advisers LP acquired a new position in shares of Amphenol in the third quarter valued at about $113,828,000. State Street Corp increased its holdings in shares of Amphenol by 3.0% during the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock worth $3,496,777,000 after purchasing an additional 1,537,880 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in Amphenol by 80.4% in the 2nd quarter. Mackenzie Financial Corp now owns 3,192,948 shares of the electronics maker's stock valued at $215,109,000 after acquiring an additional 1,423,210 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Amphenol Price Performance

APH stock traded down $1.46 during mid-day trading on Friday, reaching $77.10. 6,318,823 shares of the company traded hands, compared to its average volume of 5,456,573. Amphenol Co. has a 52-week low of $49.38 and a 52-week high of $79.39. The company has a market capitalization of $92.95 billion, a P/E ratio of 40.26, a P/E/G ratio of 2.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.33. The company has a fifty day moving average price of $72.12 and a 200-day moving average price of $68.00.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4,051,810 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol's revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 EPS. As a group, analysts anticipate that Amphenol Co. will post 2.17 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.86%. Amphenol's dividend payout ratio is currently 34.55%.

Wall Street Analyst Weigh In

APH has been the subject of several analyst reports. Evercore ISI boosted their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. TD Cowen lifted their price target on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research note on Friday, October 25th. The Goldman Sachs Group boosted their target price on Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a research note on Thursday. Bank of America raised their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Robert W. Baird upped their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research report on Thursday. Five 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's stock. According to MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and an average price target of $77.92.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company's stock, valued at $133,136,890.88. The trade was a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the company's stock in a transaction dated Tuesday, October 29th. The shares were 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 directly owns 218,116 shares of the company's stock, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by insiders.

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.