Mackay Shields LLC raised its position in Amphenol Co. (NYSE:APH) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,872 shares of the electronics maker’s stock after acquiring an additional 2,038 shares during the quarter. Mackay Shields LLC’s holdings in Amphenol were worth $4,716,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC increased its position in shares of Amphenol by 82.2% in the third quarter. Lenox Wealth Advisors LLC now owns 266 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 120 shares during the period. Arrow Financial Corp purchased a new position in shares of Amphenol in the second quarter valued at about $31,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Amphenol in the second quarter valued at about $37,000. SRS Capital Advisors Inc. purchased a new position in shares of Amphenol in the second quarter valued at about $40,000. Finally, FinTrust Capital Advisors LLC increased its position in shares of Amphenol by 116.5% in the second quarter. FinTrust Capital Advisors LLC now owns 446 shares of the electronics maker’s stock valued at $43,000 after acquiring an additional 240 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.
In related news, VP Lance E. D’amico sold 13,500 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $101.45, for a total transaction of $1,369,575.00. Following the sale, the vice president now owns 17,000 shares of the company’s stock, valued at $1,724,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 160,000 shares of the business’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $100.96, for a total transaction of $16,153,600.00. Following the sale, the chief executive officer now directly owns 160,000 shares in the company, valued at approximately $16,153,600. The disclosure for this sale can be found here. Insiders have sold a total of 577,760 shares of company stock worth $58,686,372 in the last ninety days. Insiders own 2.60% of the company’s stock.
Shares of APH traded up $0.17 during trading hours on Friday, reaching $102.70. 780,888 shares of the company traded hands, compared to its average volume of 1,346,915. The company’s fifty day moving average price is $98.20 and its two-hundred day moving average price is $94.34. The company has a market capitalization of $30.96 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 2.98 and a beta of 1.04. The company has a quick ratio of 1.39, a current ratio of 1.99 and a debt-to-equity ratio of 0.84. Amphenol Co. has a 12 month low of $74.95 and a 12 month high of $105.51.
Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 23rd. The electronics maker reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.98 billion. Amphenol had a net margin of 14.15% and a return on equity of 28.19%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS. On average, analysts expect that Amphenol Co. will post 3.65 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Monday, December 16th. Amphenol’s payout ratio is 26.53%.
A number of equities analysts have issued reports on APH shares. Morgan Stanley decreased their price objective on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. JPMorgan Chase & Co. started coverage on shares of Amphenol in a research report on Tuesday, October 22nd. They issued a “neutral” rating and a $104.00 price objective on the stock. ValuEngine cut shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $104.79.
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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