Amphenol Co. (NYSE:APH) Shares Acquired by Swedbank AB

Swedbank AB grew its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,300,252 shares of the electronics maker's stock after purchasing an additional 700,000 shares during the quarter. Swedbank AB owned approximately 0.36% of Amphenol worth $298,653,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Driehaus Capital Management LLC boosted its stake in shares of Amphenol by 110.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 9,518 shares of the electronics maker's stock worth $641,000 after acquiring an additional 4,994 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Amphenol by 294.5% in the 2nd quarter. NewEdge Advisors LLC now owns 48,677 shares of the electronics maker's stock worth $3,279,000 after purchasing an additional 36,338 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Amphenol by 600.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 75,470 shares of the electronics maker's stock worth $5,084,000 after purchasing an additional 64,703 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker's stock valued at $44,000 after purchasing an additional 324 shares during the period. Finally, Quarry LP purchased a new stake in shares of Amphenol in the second quarter valued at approximately $119,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their target price on Amphenol from $79.00 to $89.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Robert W. Baird increased their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a report on Thursday, January 23rd. Citigroup boosted their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. TD Cowen raised their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $80.68.

Insider Buying and Selling

In other news, CFO Craig A. Lampo sold 300,000 shares of Amphenol stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the transaction, the chief financial officer now owns 318,116 shares in the company, valued at approximately $22,764,380.96. This trade represents a 48.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the sale, the vice president now owns 14,000 shares in the company, valued at $1,005,340. The trade was a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 612,000 shares of company stock valued at $44,177,640. Company insiders own 1.80% of the company's stock.

Amphenol Trading Down 1.3 %

Amphenol stock traded down $0.92 during mid-day trading on Friday, hitting $70.75. The company's stock had a trading volume of 6,270,294 shares, compared to its average volume of 7,508,724. Amphenol Co. has a 1 year low of $50.48 and a 1 year high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. 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. The stock's fifty day moving average is $71.89 and its two-hundred day moving average is $68.00.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.05 billion. During the same period last year, the company earned $0.82 EPS. The company's quarterly revenue was up 29.8% on a year-over-year basis. On average, analysts anticipate that Amphenol Co. will post 2.25 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders 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 annualized dividend and a dividend yield of 0.93%. Amphenol's dividend payout ratio is currently 34.46%.

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.