Syntal Capital Partners LLC lifted its holdings in Amphenol Co. (NYSE:APH) by 20.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,481 shares of the electronics maker’s stock after purchasing an additional 2,816 shares during the quarter. Syntal Capital Partners LLC’s holdings in Amphenol were worth $1,419,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of APH. Candriam Luxembourg S.C.A. grew its holdings in shares of Amphenol by 12.0% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 28,741 shares of the electronics maker’s stock valued at $2,523,000 after purchasing an additional 3,073 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of Amphenol by 18.6% in the fourth quarter. Penserra Capital Management LLC now owns 4,130 shares of the electronics maker’s stock valued at $362,000 after purchasing an additional 649 shares in the last quarter. New Mexico Educational Retirement Board grew its holdings in shares of Amphenol by 3.2% in the fourth quarter. New Mexico Educational Retirement Board now owns 29,340 shares of the electronics maker’s stock valued at $2,576,000 after purchasing an additional 900 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Amphenol by 5.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 274,414 shares of the electronics maker’s stock valued at $24,094,000 after purchasing an additional 14,636 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Amphenol by 86.7% in the fourth quarter. First Trust Advisors LP now owns 570,817 shares of the electronics maker’s stock valued at $50,118,000 after purchasing an additional 265,135 shares in the last quarter. 95.05% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on APH shares. ValuEngine raised shares of Amphenol from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research lowered shares of Amphenol from a “hold” rating to a “sell” rating in a research note on Tuesday, March 27th. Finally, Morgan Stanley lifted their price objective on shares of Amphenol from $90.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 26th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $91.89.
NYSE APH opened at $87.15 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.63. The firm has a market cap of $26.24 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 2.40 and a beta of 0.84. Amphenol Co. has a 52 week low of $72.35 and a 52 week high of $93.62.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 25th. The electronics maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. Amphenol had a return on equity of 26.65% and a net margin of 9.45%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. analysts predict that Amphenol Co. will post 3.52 EPS for the current fiscal year.
Amphenol announced that its board has authorized a stock repurchase program on Wednesday, April 25th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the electronics maker to purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Monday, June 18th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.06%. This is an increase from Amphenol’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, June 15th. Amphenol’s dividend payout ratio (DPR) is 29.49%.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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