AIA Group Ltd Acquires 26,864 Shares of Amphenol Co. (NYSE:APH)

AIA Group Ltd boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 91.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,319 shares of the electronics maker’s stock after acquiring an additional 26,864 shares during the period. AIA Group Ltd’s holdings in Amphenol were worth $5,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Peoples Bank KS bought a new stake in shares of Amphenol in the third quarter valued at about $27,000. Venturi Wealth Management LLC lifted its holdings in shares of Amphenol by 75.5% in the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 142 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Amphenol by 70.8% in the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 138 shares in the last quarter. Mendota Financial Group LLC bought a new stake in shares of Amphenol in the fourth quarter valued at about $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Amphenol in the third quarter valued at about $34,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Performance

NYSE APH traded down $0.49 during trading on Thursday, reaching $111.00. 2,015,376 shares of the company’s stock were exchanged, compared to its average volume of 2,730,113. The business has a 50 day moving average price of $110.65 and a 200-day moving average price of $98.26. The stock has a market capitalization of $66.77 billion, a P/E ratio of 35.71, a PEG ratio of 3.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. Amphenol Co. has a fifty-two week low of $72.00 and a fifty-two week high of $119.59.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. Sell-side analysts forecast that Amphenol Co. will post 3.28 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Monday, March 18th. Amphenol’s payout ratio is 28.30%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Amphenol in a report on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. The Goldman Sachs Group lifted their target price on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Robert W. Baird lifted their target price on Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Bank of America lifted their target price on Amphenol from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Insider Activity

In other news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,000 shares of company stock valued at $31,846,050. 2.22% of the stock is 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.