Elkhorn Investments LLC decreased its position in shares of Amphenol Co. (NYSE:APH) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,003 shares of the electronics maker’s stock after selling 970 shares during the period. Amphenol accounts for about 1.1% of Elkhorn Investments LLC’s investment portfolio, making the stock its 21st largest position. Elkhorn Investments LLC’s holdings in Amphenol were worth $1,398,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Millennium Management LLC grew its holdings in Amphenol by 39.5% during the 4th quarter. Millennium Management LLC now owns 438,702 shares of the electronics maker’s stock valued at $38,518,000 after buying an additional 124,325 shares in the last quarter. Flinton Capital Management LLC grew its holdings in Amphenol by 5.2% during the 4th quarter. Flinton Capital Management LLC now owns 26,622 shares of the electronics maker’s stock valued at $2,337,000 after buying an additional 1,326 shares in the last quarter. Meadow Creek Investment Management LLC grew its holdings in Amphenol by 5.2% during the 4th quarter. Meadow Creek Investment Management LLC now owns 12,528 shares of the electronics maker’s stock valued at $1,100,000 after buying an additional 624 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Amphenol by 20.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,398 shares of the electronics maker’s stock valued at $650,000 after buying an additional 1,260 shares in the last quarter. Finally, Sensato Investors LLC purchased a new stake in Amphenol during the 4th quarter valued at approximately $19,359,000. 96.70% of the stock is owned by institutional investors and hedge funds.
In related news, Director John R. Lord sold 2,000 shares of the firm’s stock in a transaction on Sunday, September 2nd. The shares were sold at an average price of $62.47, for a total value of $124,940.00. Following the completion of the transaction, the director now directly owns 38,677 shares of the company’s stock, valued at $2,416,152.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Lance E. D’amico sold 10,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $92.07, for a total transaction of $920,700.00. The disclosure for this sale can be found here. Company insiders own 2.51% of the company’s stock.
Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Amphenol had a net margin of 9.28% and a return on equity of 26.09%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm posted $0.75 earnings per share. Amphenol’s revenue for the quarter was up 17.7% compared to the same quarter last year. research analysts anticipate that Amphenol Co. will post 3.45 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Monday, March 19th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, March 16th. Amphenol’s dividend payout ratio (DPR) is presently 37.07%.
APH has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Amphenol from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Wednesday, January 10th. Cowen reaffirmed a “buy” rating and set a $105.00 price objective on shares of Amphenol in a report on Wednesday, January 10th. Morgan Stanley increased their price objective on shares of Amphenol from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $89.00 price objective (up from $82.00) on shares of Amphenol in a report on Thursday, January 25th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $92.00.
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Amphenol Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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