Motco lowered its position in shares of Amphenol Corporation (NYSE:APH) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,545 shares of the electronics maker’s stock after selling 3,311 shares during the period. Motco’s holdings in Amphenol Corporation were worth $6,902,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Janus Henderson Group PLC lifted its stake in shares of Amphenol Corporation by 1,662.5% in the 2nd quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock valued at $782,311,000 after acquiring an additional 9,996,239 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Amphenol Corporation by 53.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,663,455 shares of the electronics maker’s stock valued at $196,616,000 after acquiring an additional 928,733 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Amphenol Corporation by 345.8% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,041,687 shares of the electronics maker’s stock valued at $88,168,000 after acquiring an additional 808,015 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Amphenol Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock valued at $2,255,957,000 after acquiring an additional 765,862 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Amphenol Corporation by 31.7% in the 2nd quarter. Capital Research Global Investors now owns 3,170,204 shares of the electronics maker’s stock valued at $234,024,000 after acquiring an additional 762,494 shares during the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.
In other Amphenol Corporation news, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 220,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total value of $18,942,000.00. Following the completion of the sale, the chief executive officer now directly owns 216,492 shares in the company, valued at $18,639,961.20. The disclosure for this sale can be found here. Insiders have sold a total of 397,000 shares of company stock worth $33,877,390 in the last quarter. Company insiders own 2.51% of the company’s stock.
Amphenol Corporation (APH) traded down $0.57 during mid-day trading on Thursday, hitting $88.41. The company’s stock had a trading volume of 1,144,000 shares, compared to its average volume of 1,127,748. Amphenol Corporation has a 1 year low of $66.00 and a 1 year high of $89.16. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27. The stock has a market cap of $27,169.07, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 2.73 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, topping analysts’ consensus estimates of $0.79 by $0.09. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the business earned $0.73 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. research analysts forecast that Amphenol Corporation will post 3.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Monday, December 18th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.86%. Amphenol Corporation’s dividend payout ratio (DPR) is 24.20%.
A number of brokerages recently issued reports on APH. Deutsche Bank AG boosted their price target on Amphenol Corporation from $95.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Royal Bank Of Canada restated a “top pick” rating and set a $85.00 price target (up previously from $81.00) on shares of Amphenol Corporation in a report on Tuesday, August 29th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Friday, September 22nd. Cowen and Company restated an “outperform” rating and set a $95.00 price target (up previously from $85.00) on shares of Amphenol Corporation in a report on Tuesday, October 10th. Finally, Bank of America Corporation upgraded Amphenol Corporation from a “neutral” rating to a “buy” rating in a report on Friday, September 29th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $87.90.
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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