Greenleaf Trust Reduces Position in Amphenol Co. (APH)

Greenleaf Trust lowered its stake in Amphenol Co. (NYSE:APH) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,948 shares of the electronics maker’s stock after selling 987 shares during the quarter. Greenleaf Trust’s holdings in Amphenol were worth $1,576,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Dupont Capital Management Corp purchased a new position in shares of Amphenol during the 4th quarter worth $115,000. Fusion Family Wealth LLC purchased a new position in shares of Amphenol during the 4th quarter worth $121,000. Cribstone Capital Management LLC boosted its stake in shares of Amphenol by 123.5% during the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock worth $161,000 after acquiring an additional 1,050 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of Amphenol by 52.6% during the 4th quarter. CENTRAL TRUST Co now owns 1,915 shares of the electronics maker’s stock worth $168,000 after acquiring an additional 660 shares during the last quarter. Finally, Zions Bancorporation purchased a new position in shares of Amphenol during the 3rd quarter worth $169,000. Institutional investors own 96.47% of the company’s stock.

Amphenol Co. (NYSE:APH) opened at $87.34 on Thursday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.25 and a current ratio of 2.95. Amphenol Co. has a one year low of $68.57 and a one year high of $93.62. The firm has a market cap of $26,527.86, a price-to-earnings ratio of 42.61, a P/E/G ratio of 2.55 and a beta of 0.82.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Amphenol had a net margin of 9.28% and a return on equity of 26.09%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company earned $0.75 EPS. Amphenol’s revenue for the quarter was up 17.7% on a year-over-year basis. research analysts expect that Amphenol Co. will post 3.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Monday, March 19th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Friday, March 16th. Amphenol’s dividend payout ratio (DPR) is 37.07%.

Several research analysts have recently weighed in on APH shares. Stifel Nicolaus lifted their price target on shares of Amphenol from $78.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. SunTrust Banks lifted their price target on shares of Amphenol from $77.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Wells Fargo & Co started coverage on shares of Amphenol in a research note on Friday, November 10th. They set an “outperform” rating and a $98.00 price target on the stock. Morgan Stanley lifted their price target on shares of Amphenol from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Finally, Zacks Investment Research cut shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Amphenol presently has a consensus rating of “Buy” and an average target price of $92.00.

In other Amphenol news, Director Diana G. Reardon sold 503,000 shares of Amphenol stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total value of $45,637,190.00. Following the sale, the director now directly owns 260,000 shares in the company, valued at approximately $23,589,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Lance E. D’amico sold 10,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $92.07, for a total transaction of $920,700.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 523,000 shares of company stock worth $47,452,990. 2.51% of the stock is owned by corporate insiders.

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Amphenol Profile

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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