LMR Partners LLP Has $42.11 Million Stock Position in Amphenol Co. (NYSE:APH)

LMR Partners LLP boosted its stake in Amphenol Co. (NYSE:APH) by 105.7% in the fourth quarter, Holdings Channel reports. The firm owned 606,297 shares of the electronics maker’s stock after purchasing an additional 311,497 shares during the quarter. Amphenol accounts for about 0.4% of LMR Partners LLP’s investment portfolio, making the stock its 25th largest position. LMR Partners LLP’s holdings in Amphenol were worth $42,107,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of APH. Lighthouse Investment Partners LLC bought a new position in Amphenol in the fourth quarter valued at about $1,320,000. Janus Henderson Group PLC grew its holdings in shares of Amphenol by 118.4% during the 4th quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker’s stock valued at $503,975,000 after purchasing an additional 3,933,269 shares during the last quarter. Jefferies Financial Group Inc. increased its position in Amphenol by 14.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 17,936 shares of the electronics maker’s stock worth $1,246,000 after purchasing an additional 2,260 shares in the last quarter. Focus Partners Wealth lifted its stake in Amphenol by 5.2% in the 4th quarter. Focus Partners Wealth now owns 133,461 shares of the electronics maker’s stock valued at $9,279,000 after purchasing an additional 6,573 shares during the last quarter. Finally, Fosun International Ltd acquired a new stake in Amphenol in the fourth quarter valued at approximately $653,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on APH shares. Robert W. Baird increased their target price on shares of Amphenol from $73.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. TD Securities boosted their price objective on Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, May 1st. Bank of America lifted their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Finally, Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price objective on the stock in a report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $81.62.

Insider Activity

In other Amphenol news, CFO Craig A. Lampo sold 400,000 shares of the stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.93, for a total value of $30,372,000.00. Following the sale, the chief financial officer now owns 100,000 shares in the company, valued at $7,593,000. This trade represents a 80.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.73, for a total transaction of $151,460,000.00. Following the transaction, the chief executive officer now directly owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,178,500 shares of company stock worth $241,903,805 over the last quarter. Insiders own 1.67% of the company’s stock.

Amphenol Stock Up 0.2%

Amphenol stock opened at $80.78 on Monday. Amphenol Co. has a one year low of $54.77 and a one year high of $84.70. The stock has a market cap of $97.71 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The stock has a fifty day moving average of $68.09 and a 200 day moving average of $69.84.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the business posted $0.40 earnings per share. The firm’s quarterly revenue was up 47.7% compared to the same quarter last year. As a group, sell-side analysts predict that Amphenol Co. will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, June 17th. Amphenol’s dividend payout ratio (DPR) is currently 32.04%.

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.