Vontobel Asset Management Inc. lifted its stake in shares of Amphenol Co. (NYSE:APH) by 296.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 241,611 shares of the electronics maker’s stock after buying an additional 180,626 shares during the period. Vontobel Asset Management Inc. owned about 0.08% of Amphenol worth $21,055,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Summit Trail Advisors LLC boosted its position in Amphenol by 8,640.8% in the first quarter. Summit Trail Advisors LLC now owns 3,433,551 shares of the electronics maker’s stock worth $3,434,000 after purchasing an additional 3,394,269 shares during the last quarter. Voya Investment Management LLC boosted its position in Amphenol by 1,165.1% in the second quarter. Voya Investment Management LLC now owns 2,659,699 shares of the electronics maker’s stock worth $231,792,000 after purchasing an additional 2,449,464 shares during the last quarter. USS Investment Management Ltd purchased a new position in Amphenol in the first quarter worth $146,813,000. Mawer Investment Management Ltd. boosted its position in Amphenol by 108.6% in the first quarter. Mawer Investment Management Ltd. now owns 1,643,850 shares of the electronics maker’s stock worth $141,585,000 after purchasing an additional 855,870 shares during the last quarter. Finally, BlackRock Inc. boosted its position in Amphenol by 4.0% in the first quarter. BlackRock Inc. now owns 21,963,523 shares of the electronics maker’s stock worth $1,891,716,000 after purchasing an additional 844,660 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.
Shares of APH traded up $0.05 during mid-day trading on Friday, hitting $95.58. The stock had a trading volume of 6,610 shares, compared to its average volume of 1,191,136. The firm has a market cap of $28.57 billion, a PE ratio of 30.66, a PEG ratio of 2.44 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.22. Amphenol Co. has a 52 week low of $80.06 and a 52 week high of $95.90.
Amphenol (NYSE:APH) last issued its earnings results on Wednesday, July 25th. The electronics maker reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.05. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.89 billion. Amphenol had a return on equity of 27.49% and a net margin of 9.49%. The business’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 earnings per share. sell-side analysts anticipate that Amphenol Co. will post 3.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 10th. Shareholders 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 annualized dividend and a dividend yield of 0.96%. Amphenol’s payout ratio is presently 29.49%.
In other Amphenol news, VP Lance E. D’amico sold 8,000 shares of the business’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $95.60, for a total value of $764,800.00. Following the sale, the vice president now directly owns 10,000 shares in the company, valued at $956,000. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Craig A. Lampo sold 32,500 shares of the business’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $95.54, for a total value of $3,105,050.00. Following the completion of the sale, the chief financial officer now owns 45,000 shares in the company, valued at $4,299,300. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 640,213 shares of company stock worth $60,480,618. Corporate insiders own 2.51% of the company’s stock.
Several research analysts have weighed in on the company. Morgan Stanley boosted their price objective on Amphenol from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 26th. Stifel Nicolaus boosted their price objective on Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. Finally, Zacks Investment Research cut Amphenol from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $97.43.
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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