Desjardins Global Asset Management Inc. Has $178,000 Stock Holdings in Amphenol Co. (NYSE:APH)

Desjardins Global Asset Management Inc. lessened its holdings in Amphenol Co. (NYSE:APH) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,796 shares of the electronics maker’s stock after selling 599 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Amphenol were worth $178,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of APH. Peoples Bank KS purchased a new stake in shares of Amphenol during the third quarter worth $27,000. Mendota Financial Group LLC purchased a new stake in shares of Amphenol during the fourth quarter worth $33,000. Venturi Wealth Management LLC raised its holdings in shares of Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 142 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Amphenol during the first quarter worth $33,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Amphenol during the fourth quarter worth $33,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Down 0.5 %

Shares of NYSE:APH opened at $110.88 on Friday. The company has a market cap of $66.70 billion, a P/E ratio of 35.65, a P/E/G ratio of 3.21 and a beta of 1.30. The stock’s 50-day moving average is $110.77 and its 200-day moving average is $98.35. Amphenol Co. has a 52-week low of $72.00 and a 52-week high of $119.59. 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 issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.05. The company 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 firm’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. Equities research analysts predict that Amphenol Co. will post 3.28 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently declared 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 dividend payout ratio is currently 28.30%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on APH. Robert W. Baird increased their price objective on Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Jefferies Financial Group started coverage on Amphenol in a report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Citigroup raised their target price on Amphenol from $117.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Finally, Bank of America raised their target price on Amphenol from $117.00 to $121.00 and gave the company a “buy” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Insider Buying and Selling

In related news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 15,000 shares of Amphenol stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the sale, the vice president now directly owns 25,700 shares in the company, valued at $2,692,075. The disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock valued at $31,846,050 over the last three months. 2.22% of the stock is owned by corporate 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.