Lazard Asset Management LLC Has $722.38 Million Holdings in Amphenol Co. (NYSE:APH)

Lazard Asset Management LLC lowered its position in Amphenol Co. (NYSE:APH) by 11.3% during the fourth quarter, Holdings Channel reports. The firm owned 10,401,483 shares of the electronics maker’s stock after selling 1,326,522 shares during the period. Amphenol comprises 1.1% of Lazard Asset Management LLC’s portfolio, making the stock its 17th largest holding. Lazard Asset Management LLC’s holdings in Amphenol were worth $722,381,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APH. Wealth Enhancement Advisory Services LLC grew its position in shares of Amphenol by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 346,199 shares of the electronics maker’s stock worth $22,558,000 after buying an additional 1,404 shares during the period. ST Germain D J Co. Inc. grew its holdings in Amphenol by 96.9% in the fourth quarter. ST Germain D J Co. Inc. now owns 2,520 shares of the electronics maker’s stock worth $175,000 after purchasing an additional 1,240 shares during the period. Czech National Bank increased its stake in Amphenol by 6.6% in the fourth quarter. Czech National Bank now owns 261,401 shares of the electronics maker’s stock valued at $18,154,000 after purchasing an additional 16,075 shares in the last quarter. Fragasso Financial Advisors Inc raised its holdings in shares of Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after purchasing an additional 171 shares during the period. Finally, Wedmont Private Capital boosted its position in shares of Amphenol by 6.6% during the 4th quarter. Wedmont Private Capital now owns 23,476 shares of the electronics maker’s stock worth $1,648,000 after purchasing an additional 1,446 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Price Performance

Shares of APH stock opened at $80.78 on Monday. The business’s fifty day moving average is $68.09 and its 200 day moving average is $69.84. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The stock has a market cap of $97.71 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 1.92 and a beta of 1.10. Amphenol Co. has a twelve month low of $54.77 and a twelve month high of $84.70.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same period in the prior year, the firm earned $0.40 EPS. The company’s revenue was up 47.7% compared to the same quarter last year. Research analysts expect that Amphenol Co. will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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

Insider Buying and Selling at Amphenol

In other news, VP Lance E. D’amico sold 175,000 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $76.28, for a total value of $13,349,000.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at $3,920,792. This represents a 77.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the company’s stock in a transaction on Friday, April 25th. The stock was sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the sale, the chief executive officer now owns 2,002,507 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 3,178,500 shares of company stock worth $241,903,805. 1.67% of the stock is owned by corporate insiders.

Analyst Ratings Changes

APH has been the subject of several recent research reports. TD Securities boosted their price objective on Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, May 1st. Truist Financial raised their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, April 24th. Citigroup boosted their price target on shares of Amphenol from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Finally, Robert W. Baird lifted 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. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.62.

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.