Keybank National Association OH increased its position in Amphenol Co. (NYSE:APH) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,172 shares of the electronics maker’s stock after buying an additional 20,506 shares during the quarter. Keybank National Association OH owned 0.09% of Amphenol worth $26,361,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of APH. Nuveen Asset Management LLC increased its stake in shares of Amphenol by 1,292.3% in the second quarter. Nuveen Asset Management LLC now owns 1,644,210 shares of the electronics maker’s stock worth $157,745,000 after buying an additional 1,526,113 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Amphenol by 68.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,590,403 shares of the electronics maker’s stock worth $344,463,000 after buying an additional 1,461,054 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in shares of Amphenol by 26.9% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 2,310,173 shares of the electronics maker’s stock worth $221,639,000 after buying an additional 489,283 shares during the period. BlackRock Inc. increased its stake in shares of Amphenol by 2.0% in the second quarter. BlackRock Inc. now owns 22,903,031 shares of the electronics maker’s stock worth $2,197,317,000 after buying an additional 456,490 shares during the period. Finally, USS Investment Management Ltd increased its stake in shares of Amphenol by 34.1% in the third quarter. USS Investment Management Ltd now owns 1,769,101 shares of the electronics maker’s stock worth $170,754,000 after buying an additional 449,964 shares during the period. 93.93% of the stock is currently owned by institutional investors.
Several research analysts recently commented on APH shares. Morgan Stanley decreased their target price on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Co boosted their price objective on shares of Amphenol from $109.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. ValuEngine downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Amphenol in a research report on Tuesday, October 22nd. They set a “neutral” rating and a $104.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $104.79.
In related news, VP Lance E. D’amico sold 13,500 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $101.45, for a total value of $1,369,575.00. Following the transaction, the vice president now owns 17,000 shares in the company, valued at approximately $1,724,650. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stanley L. Clark sold 4,860 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $102.95, for a total transaction of $500,337.00. Following the completion of the transaction, the director now owns 25,271 shares in the company, valued at approximately $2,601,649.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 577,760 shares of company stock worth $58,686,372. Company insiders own 2.60% of the company’s stock.
Amphenol stock traded down $0.18 during mid-day trading on Friday, reaching $102.35. 47,585 shares of the company traded hands, compared to its average volume of 1,242,782. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.99 and a quick ratio of 1.39. The firm’s 50 day moving average price is $98.04 and its 200 day moving average price is $94.35. The firm has a market capitalization of $30.96 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 2.98 and a beta of 1.04. Amphenol Co. has a 52-week low of $74.95 and a 52-week high of $105.51.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. Amphenol had a net margin of 14.15% and a return on equity of 28.19%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm earned $0.99 EPS. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Amphenol Co. will post 3.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Monday, December 16th. Amphenol’s dividend payout ratio (DPR) is presently 26.53%.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets 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, busbars, and distribution systems; and other connectors.
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