Wedge Capital Management L L P NC purchased a new stake in shares of Amphenol Corporation (NYSE:APH) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 633,846 shares of the electronics maker’s stock, valued at approximately $53,649,000. Wedge Capital Management L L P NC owned approximately 0.21% of Amphenol Corporation at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of APH. Crossmark Global Holdings Inc. purchased a new position in shares of Amphenol Corporation in the 3rd quarter worth about $3,008,000. Dynamic Technology Lab Private Ltd purchased a new stake in Amphenol Corporation in the 2nd quarter worth approximately $392,000. Whittier Trust Co. lifted its holdings in Amphenol Corporation by 3,390.3% in the 3rd quarter. Whittier Trust Co. now owns 89,352 shares of the electronics maker’s stock worth $7,563,000 after buying an additional 86,792 shares during the period. Marvin & Palmer Associates Inc. lifted its holdings in Amphenol Corporation by 27.0% in the 2nd quarter. Marvin & Palmer Associates Inc. now owns 60,505 shares of the electronics maker’s stock worth $4,466,000 after buying an additional 12,855 shares during the period. Finally, Eagle Asset Management Inc. lifted its holdings in Amphenol Corporation by 14.0% in the 2nd quarter. Eagle Asset Management Inc. now owns 431,534 shares of the electronics maker’s stock worth $31,855,000 after buying an additional 52,976 shares during the period. Institutional investors own 96.74% of the company’s stock.
APH has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on Amphenol Corporation from $78.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Morgan Stanley lifted their target price on Amphenol Corporation from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Deutsche Bank AG lifted their target price on Amphenol Corporation from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. SunTrust Banks, Inc. lifted their target price on Amphenol Corporation from $77.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Amphenol Corporation in a report on Monday, October 16th. Five analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.90.
In related news, CEO Richard Adam Norwitt sold 220,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $86.10, for a total transaction of $18,942,000.00. Following the completion of the transaction, the chief executive officer now owns 216,492 shares of the company’s stock, valued at $18,639,961.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diana G. Reardon sold 28,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $87.28, for a total transaction of $2,443,840.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 397,000 shares of company stock worth $33,877,390. 2.51% of the stock is owned by insiders.
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Amphenol Corporation (APH) traded up $1.49 during mid-day trading on Monday, reaching $88.21. 1,359,100 shares of the company’s stock were exchanged, compared to its average volume of 1,128,188. Amphenol Corporation has a 12 month low of $66.00 and a 12 month high of $88.36. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04. The firm has a market cap of $26,933.96, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.71 and a beta of 0.80.
Amphenol Corporation (NYSE:APH) last posted its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS. analysts anticipate that Amphenol Corporation will post 3.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Monday, December 18th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.86%. Amphenol Corporation’s dividend payout ratio is presently 24.20%.
Amphenol Corporation 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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