Toronto Dominion Bank Buys 29,520 Shares of Amphenol Co. (APH)

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Toronto Dominion Bank raised its stake in Amphenol Co. (NYSE:APH) by 17.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 197,893 shares of the electronics maker’s stock after buying an additional 29,520 shares during the quarter. Toronto Dominion Bank’s holdings in Amphenol were worth $17,243,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. State Board of Administration of Florida Retirement System grew its holdings in Amphenol by 0.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 415,978 shares of the electronics maker’s stock worth $36,252,000 after acquiring an additional 1,379 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Amphenol by 7.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,244 shares of the electronics maker’s stock worth $4,989,000 after acquiring an additional 4,088 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in Amphenol by 3.4% during the second quarter. Nomura Asset Management Co. Ltd. now owns 44,278 shares of the electronics maker’s stock worth $3,859,000 after acquiring an additional 1,460 shares during the period. Sei Investments Co. acquired a new position in Amphenol during the second quarter worth about $17,558,000. Finally, Financial Counselors Inc. grew its holdings in Amphenol by 5.3% during the second quarter. Financial Counselors Inc. now owns 16,261 shares of the electronics maker’s stock worth $1,417,000 after acquiring an additional 812 shares during the period. Institutional investors own 95.22% of the company’s stock.

A number of research analysts recently issued reports on APH shares. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Friday, May 25th. Morgan Stanley lifted their target price on Amphenol from $90.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, April 26th. Finally, Stifel Nicolaus lifted their target price on Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $95.88.

In related news, CFO Craig A. Lampo sold 32,500 shares of Amphenol stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $95.54, for a total value of $3,105,050.00. Following the transaction, the chief financial officer now owns 45,000 shares of the company’s stock, valued at approximately $4,299,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 8,000 shares of Amphenol stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $95.60, for a total value of $764,800.00. Following the completion of the transaction, the vice president now directly owns 10,000 shares in the company, valued at approximately $956,000. The disclosure for this sale can be found here. Insiders sold a total of 640,213 shares of company stock worth $60,480,618 in the last three months. 2.34% of the stock is currently owned by company insiders.

NYSE:APH opened at $94.05 on Friday. The stock has a market cap of $28.16 billion, a P/E ratio of 30.14, a PEG ratio of 2.40 and a beta of 0.90. Amphenol Co. has a 52-week low of $78.12 and a 52-week high of $95.90. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.70.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 25th. The electronics maker reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Amphenol had a return on equity of 27.49% and a net margin of 9.49%. Amphenol’s revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. sell-side analysts anticipate that Amphenol Co. will post 3.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 10th. Investors of record on Monday, September 17th will be paid a $0.23 dividend. The ex-dividend date is Friday, September 14th. This represents a $0.92 dividend on an annualized basis and a yield of 0.98%. Amphenol’s dividend payout ratio is currently 29.49%.

Amphenol declared that its Board of Directors has authorized a share buyback program on Wednesday, April 25th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Amphenol Company Profile

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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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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