Frontier Capital Management Co. LLC Sells 280,856 Shares of Amphenol Co. (APH)

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Frontier Capital Management Co. LLC cut its stake in shares of Amphenol Co. (NYSE:APH) by 28.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 710,677 shares of the electronics maker’s stock after selling 280,856 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in Amphenol were worth $67,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of APH. Oregon Public Employees Retirement Fund lifted its holdings in shares of Amphenol by 7,553.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,489,267 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 5,417,547 shares during the period. Norges Bank acquired a new stake in shares of Amphenol during the fourth quarter worth $217,900,000. FMR LLC lifted its holdings in shares of Amphenol by 6.4% during the fourth quarter. FMR LLC now owns 41,896,298 shares of the electronics maker’s stock worth $3,394,437,000 after purchasing an additional 2,534,967 shares during the period. BlackRock Inc. lifted its holdings in shares of Amphenol by 4.7% during the fourth quarter. BlackRock Inc. now owns 22,227,823 shares of the electronics maker’s stock worth $1,800,898,000 after purchasing an additional 989,348 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Amphenol by 139.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 950,454 shares of the electronics maker’s stock worth $77,006,000 after purchasing an additional 553,909 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.

In other Amphenol news, Director Martin H. Loeffler sold 11,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $95.30, for a total value of $1,048,300.00. Following the completion of the transaction, the director now owns 249,951 shares in the company, valued at $23,820,330.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jean-Luc Gavelle sold 31,000 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $94.00, for a total value of $2,914,000.00. Following the completion of the transaction, the vice president now owns 31,000 shares of the company’s stock, valued at approximately $2,914,000. The disclosure for this sale can be found here. Insiders sold 886,505 shares of company stock valued at $88,065,603 in the last quarter. 2.60% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on APH shares. ValuEngine raised Amphenol from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Wells Fargo & Co set a $105.00 price target on Amphenol and gave the stock a “buy” rating in a report on Monday, March 18th. Morgan Stanley increased their price objective on Amphenol from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. SunTrust Banks upgraded Amphenol from a “hold” rating to a “buy” rating and increased their price objective for the stock from $89.00 to $112.00 in a research report on Tuesday, April 2nd. Finally, Bank of America reiterated a “buy” rating and issued a $107.00 price objective (up previously from $103.00) on shares of Amphenol in a research report on Thursday, February 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $105.29.

NYSE:APH opened at $93.08 on Friday. The firm has a market capitalization of $27.86 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 2.23 and a beta of 0.91. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.50 and a quick ratio of 1.76. Amphenol Co. has a 1 year low of $74.95 and a 1 year high of $105.51.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.01. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Amphenol had a return on equity of 29.75% and a net margin of 14.55%. Amphenol’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 earnings per share. As a group, sell-side analysts anticipate that Amphenol Co. will post 3.88 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 19th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, June 18th. Amphenol’s payout ratio is 24.40%.

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About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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