Huntington National Bank lowered its stake in Amphenol Co. (NYSE:APH) by 6.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,942 shares of the electronics maker’s stock after selling 2,761 shares during the quarter. Huntington National Bank’s holdings in Amphenol were worth $3,567,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of APH. Voya Investment Management LLC raised its stake in shares of 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 buying an additional 2,449,464 shares during the period. FMR LLC raised its stake in shares of Amphenol by 1.7% in the second quarter. FMR LLC now owns 38,544,742 shares of the electronics maker’s stock worth $3,359,175,000 after buying an additional 660,569 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Amphenol in the second quarter worth about $33,726,000. Select Equity Group L.P. raised its stake in shares of Amphenol by 12.8% in the second quarter. Select Equity Group L.P. now owns 2,948,900 shares of the electronics maker’s stock worth $256,997,000 after buying an additional 335,554 shares during the period. Finally, Nuance Investments LLC raised its stake in shares of Amphenol by 88.8% in the second quarter. Nuance Investments LLC now owns 628,326 shares of the electronics maker’s stock worth $54,759,000 after buying an additional 295,466 shares during the period. 94.64% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:APH opened at $82.97 on Friday. 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 12-month low of $80.42 and a 12-month high of $97.56. The stock has a market cap of $24.92 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 1.93 and a beta of 0.88.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 25th. The electronics maker reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. Amphenol had a return on equity of 27.49% and a net margin of 9.49%. The firm had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the business posted $0.74 earnings per share. The firm’s revenue was up 18.9% on a year-over-year basis. As a group, research analysts anticipate that Amphenol Co. will post 3.63 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 10th. Investors of record on Monday, September 17th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, September 14th. Amphenol’s dividend payout ratio is currently 29.49%.
In related news, CFO Craig A. Lampo sold 32,500 shares of the stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $95.54, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 7,500 shares of the stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $95.51, for a total value of $716,325.00. Following the sale, the vice president now owns 7,500 shares of the company’s stock, valued at approximately $716,325. The disclosure for this sale can be found here. Insiders have sold 647,713 shares of company stock valued at $61,196,943 in the last quarter. 2.51% of the stock is currently owned by company insiders.
Several research analysts have recently commented on the company. Morgan Stanley raised Amphenol from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $95.00 to $102.00 in a research note on Thursday, August 9th. Stifel Nicolaus raised their price objective on Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th. Goldman Sachs Group assumed coverage on Amphenol in a research note on Tuesday, October 9th. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price 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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