Mitsubishi UFJ Asset Management UK Ltd. lessened its holdings in shares of Amphenol Co. (NYSE:APH) by 35.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,100 shares of the electronics maker’s stock after selling 15,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Amphenol were worth $2,547,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Andra AP fonden grew its stake in Amphenol by 3.8% during the 3rd quarter. Andra AP fonden now owns 46,000 shares of the electronics maker’s stock valued at $4,325,000 after acquiring an additional 1,700 shares in the last quarter. First Hawaiian Bank purchased a new stake in Amphenol during the 3rd quarter valued at about $1,799,000. Bartlett & Co. LLC purchased a new stake in Amphenol during the 3rd quarter valued at about $110,000. Sumitomo Mitsui Asset Management Company LTD grew its stake in Amphenol by 9.9% during the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 52,590 shares of the electronics maker’s stock valued at $4,944,000 after acquiring an additional 4,733 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Amphenol by 30.7% during the 3rd quarter. Bank of Montreal Can now owns 290,589 shares of the electronics maker’s stock valued at $27,323,000 after acquiring an additional 68,194 shares in the last quarter. 94.72% of the stock is owned by institutional investors.
NYSE:APH traded down $0.71 on Wednesday, hitting $85.60. The stock had a trading volume of 3,164 shares, compared to its average volume of 1,293,640. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.22. The firm has a market capitalization of $28.24 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 2.20 and a beta of 0.88. Amphenol Co. has a 1-year low of $80.42 and a 1-year high of $97.56.
Amphenol (NYSE:APH) last posted its earnings results on Wednesday, July 25th. The electronics maker reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.05. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.89 billion. Amphenol had a net margin of 9.49% and a return on equity of 27.49%. Amphenol’s revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 EPS. As a group, equities analysts anticipate that Amphenol Co. will post 3.62 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 10th. Stockholders of record on Monday, September 17th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.07%. Amphenol’s dividend payout ratio is currently 29.49%.
In other news, VP Lance E. D’amico sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $95.60, for a total value of $764,800.00. Following the transaction, the vice president now directly owns 10,000 shares in the company, valued at approximately $956,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 165,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $93.32, for a total transaction of $15,397,800.00. Following the completion of the transaction, the chief executive officer now owns 377,492 shares in the company, valued at $35,227,553.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 647,713 shares of company stock worth $61,196,943. Company insiders own 2.34% of the company’s stock.
APH has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Tuesday, July 10th. Morgan Stanley boosted their target price on shares of Amphenol from $93.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, July 26th. Stifel Nicolaus boosted their target price on shares of Amphenol from $90.00 to $92.00 and gave the company a “hold” rating in a report on Thursday, July 26th. Goldman Sachs Group upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 target price on the stock in a report on Tuesday, October 9th. Finally, ValuEngine lowered shares of Amphenol from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $98.50.
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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