Flossbach Von Storch AG Has $780.56 Million Position in Amphenol Co. (NYSE:APH)

Flossbach Von Storch AG cut its stake in Amphenol Co. (NYSE:APH) by 0.4% during the fourth quarter, HoldingsChannel reports. The fund owned 7,874,133 shares of the electronics maker’s stock after selling 34,184 shares during the quarter. Amphenol comprises approximately 3.6% of Flossbach Von Storch AG’s holdings, making the stock its 12th biggest position. Flossbach Von Storch AG’s holdings in Amphenol were worth $780,563,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Amphenol by 108.1% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 874 shares of the electronics maker’s stock worth $87,000 after purchasing an additional 454 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Amphenol by 7.2% in the fourth quarter. Daiwa Securities Group Inc. now owns 67,626 shares of the electronics maker’s stock valued at $6,704,000 after acquiring an additional 4,553 shares during the last quarter. Avior Wealth Management LLC grew its position in Amphenol by 70.8% in the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 138 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Amphenol by 19.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 118,992 shares of the electronics maker’s stock worth $11,796,000 after purchasing an additional 19,489 shares during the last quarter. Finally, SVB Wealth LLC raised its holdings in shares of Amphenol by 43.6% during the 4th quarter. SVB Wealth LLC now owns 6,615 shares of the electronics maker’s stock valued at $656,000 after purchasing an additional 2,010 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

APH traded down $1.08 during midday trading on Wednesday, hitting $111.49. The company had a trading volume of 2,641,683 shares, compared to its average volume of 2,740,429. Amphenol Co. has a twelve month low of $72.00 and a twelve month high of $119.59. The firm’s 50-day simple moving average is $110.65 and its 200-day simple moving average is $98.26. The company has a market capitalization of $67.07 billion, a PE ratio of 35.85, a P/E/G ratio of 3.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.48 and a current ratio of 2.17.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS. Equities research analysts predict that Amphenol Co. will post 3.28 EPS for the current fiscal year.

Amphenol Dividend Announcement

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

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the transaction, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William J. Doherty sold 170,000 shares of Amphenol 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. In the last 90 days, insiders sold 305,000 shares of company stock worth $31,846,050. Insiders own 2.22% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on APH shares. Stifel Nicolaus raised their target price on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, January 25th. JPMorgan Chase & Co. boosted their target price on Amphenol from $118.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Evercore ISI upped their price objective on shares of Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Robert W. Baird lifted their target price on shares of Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, UBS Group upped their price target on shares of Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $112.00.

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.