New York State Common Retirement Fund Has $92.02 Million Stock Position in Amphenol Co. (NYSE:APH)

New York State Common Retirement Fund lowered its position in shares of Amphenol Co. (NYSE:APH) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 928,286 shares of the electronics maker’s stock after selling 36,617 shares during the quarter. New York State Common Retirement Fund’s holdings in Amphenol were worth $92,021,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of APH. Louisiana State Employees Retirement System acquired a new stake in shares of Amphenol in the 4th quarter valued at approximately $3,589,000. West Coast Financial LLC lifted its holdings in Amphenol by 65.0% during the 4th quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock valued at $12,779,000 after purchasing an additional 50,778 shares during the last quarter. Cerity Partners LLC lifted its holdings in Amphenol by 63.4% during the 4th quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker’s stock valued at $3,793,000 after purchasing an additional 14,843 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in Amphenol during the 4th quarter worth $2,875,000. Finally, Fortune Financial Advisors LLC bought a new position in Amphenol during the 4th quarter worth $1,071,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on APH shares. Jefferies Financial Group assumed coverage on Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective on the stock. UBS Group raised their price target on Amphenol from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Evercore ISI raised their price target on Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, March 25th. Robert W. Baird raised their price target on Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group raised their price target on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $113.75.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Lance E. D’amico sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the sale, the vice president now owns 25,700 shares in the company, valued at $2,692,075. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William J. Doherty sold 170,000 shares of the business’s 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. Over the last three months, insiders sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is owned by corporate insiders.

Amphenol Trading Up 1.7 %

Shares of Amphenol stock traded up $1.91 during midday trading on Tuesday, reaching $113.77. The company had a trading volume of 1,665,788 shares, compared to its average volume of 2,744,934. The stock has a fifty day moving average price of $111.01 and a 200 day moving average price of $98.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48. The firm has a market cap of $68.44 billion, a PE ratio of 36.60, a P/E/G ratio of 2.95 and a beta of 1.30. Amphenol Co. has a fifty-two week low of $72.00 and a fifty-two week high of $119.59.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 earnings per share. On average, equities analysts anticipate that Amphenol Co. will post 3.28 earnings per share for the current year.

Amphenol Announces Dividend

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 $0.22 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.77%. Amphenol’s payout ratio is currently 28.30%.

About Amphenol

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.