Mountain Pacific Investment Advisers LLC Has $76.38 Million Stake in Amphenol Co. (NYSE:APH)

Mountain Pacific Investment Advisers LLC decreased its stake in Amphenol Co. (NYSE:APH - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,099,807 shares of the electronics maker's stock after selling 18,318 shares during the quarter. Amphenol makes up 5.4% of Mountain Pacific Investment Advisers LLC's portfolio, making the stock its 2nd biggest holding. Mountain Pacific Investment Advisers LLC owned 0.09% of Amphenol worth $76,382,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. LaFleur & Godfrey LLC boosted its holdings in Amphenol by 1.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 56,801 shares of the electronics maker's stock worth $3,945,000 after buying an additional 825 shares during the period. Cove Private Wealth LLC bought a new position in shares of Amphenol in the fourth quarter worth about $635,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Amphenol by 30.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 7,470 shares of the electronics maker's stock worth $519,000 after purchasing an additional 1,741 shares in the last quarter. Guinness Asset Management LTD raised its stake in Amphenol by 9.9% during the 4th quarter. Guinness Asset Management LTD now owns 617,819 shares of the electronics maker's stock valued at $42,907,000 after purchasing an additional 55,750 shares during the period. Finally, Strong Tower Advisory Services lifted its holdings in Amphenol by 2.3% in the 4th quarter. Strong Tower Advisory Services now owns 16,559 shares of the electronics maker's stock worth $1,150,000 after purchasing an additional 368 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the firm's stock in a transaction on Tuesday, October 29th. The stock was 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 in the company, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Peter Straub sold 132,000 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 in the last three months. Corporate insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Bank of America boosted their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Evercore ISI raised 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. Citigroup boosted their target price on Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday. Robert W. Baird raised their price target on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Five 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $69.79.

Amphenol Trading Up 4.8 %

NYSE APH traded up $3.34 during trading on Tuesday, hitting $72.76. The stock had a trading volume of 11,149,264 shares, compared to its average volume of 6,507,104. The stock has a market capitalization of $87.72 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 1.89 and a beta of 1.24. The stock has a 50 day simple moving average of $71.74 and a 200 day simple moving average of $67.76. Amphenol Co. has a one year low of $48.52 and a one year high of $75.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the prior year, the company posted $0.39 EPS. Amphenol's quarterly revenue was up 26.3% on a year-over-year basis. Sell-side analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were given a $0.165 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.91%. Amphenol's dividend payout ratio (DPR) is 37.93%.

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.