Dorsey Wright & Associates lessened its position in Amphenol Co. (NYSE:APH) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,623 shares of the electronics maker’s stock after selling 4,898 shares during the quarter. Dorsey Wright & Associates’ holdings in Amphenol were worth $5,700,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Rampart Investment Management Company LLC raised its position in Amphenol by 8.2% in the 2nd quarter. Rampart Investment Management Company LLC now owns 54,890 shares of the electronics maker’s stock valued at $4,784,000 after buying an additional 4,139 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Amphenol by 4.3% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 13,072 shares of the electronics maker’s stock worth $1,139,000 after purchasing an additional 544 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of Amphenol by 5.0% during the 2nd quarter. Wesbanco Bank Inc. now owns 36,968 shares of the electronics maker’s stock worth $3,222,000 after purchasing an additional 1,769 shares during the last quarter. Capital Fund Management S.A. increased its position in shares of Amphenol by 38.7% during the 2nd quarter. Capital Fund Management S.A. now owns 25,312 shares of the electronics maker’s stock worth $2,206,000 after purchasing an additional 7,069 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Amphenol by 7.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,244 shares of the electronics maker’s stock worth $4,989,000 after purchasing an additional 4,088 shares during the last quarter. 94.72% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have weighed in on APH. ValuEngine lowered Amphenol from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research lowered Amphenol from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus boosted their price target on Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. Goldman Sachs Group began coverage on Amphenol in a research report on Tuesday. They set a “neutral” rating on the stock. Finally, Morgan Stanley boosted their price target on Amphenol from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 26th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Amphenol has a consensus rating of “Hold” and a consensus price target of $98.50.
In other news, VP Lance E. D’amico sold 8,000 shares of Amphenol stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $95.60, for a total transaction of $764,800.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Richard Gu sold 2,000 shares of Amphenol stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $87.00, for a total value of $174,000.00. Following the transaction, the vice president now owns 3,000 shares of the company’s stock, valued at $261,000. The disclosure for this sale can be found here. Insiders have sold a total of 647,713 shares of company stock valued at $61,196,943 over the last quarter. 2.34% of the stock is currently owned by corporate insiders.
Shares of NYSE:APH traded up $0.77 during trading on Friday, hitting $85.03. 1,666,200 shares of the company were exchanged, compared to its average volume of 1,291,580. The company has a quick ratio of 1.22, a current ratio of 1.72 and a debt-to-equity ratio of 0.70. Amphenol Co. has a fifty-two week low of $80.42 and a fifty-two week high of $97.56. The firm has a market capitalization of $28.24 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 2.20 and a beta of 0.88.
Amphenol (NYSE:APH) last issued its earnings results on Wednesday, July 25th. The electronics maker reported $0.90 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the company posted $0.74 EPS. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. As a group, analysts anticipate that Amphenol Co. will post 3.62 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 10th. Stockholders of record on Monday, September 17th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.08%. Amphenol’s dividend payout ratio is currently 29.49%.
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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