Guggenheim Capital LLC trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 7.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 835,457 shares of the electronics maker’s stock after selling 67,512 shares during the period. Guggenheim Capital LLC owned 0.27% of Amphenol worth $73,353,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APH. Dupont Capital Management Corp bought a new stake in shares of Amphenol in the fourth quarter valued at about $115,000. Tower Research Capital LLC TRC increased its position in Amphenol by 87.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,369 shares of the electronics maker’s stock worth $120,000 after buying an additional 640 shares during the last quarter. Fusion Family Wealth LLC acquired a new position in Amphenol during the fourth quarter worth approximately $121,000. CENTRAL TRUST Co increased its position in Amphenol by 52.6% during the fourth quarter. CENTRAL TRUST Co now owns 1,915 shares of the electronics maker’s stock worth $168,000 after buying an additional 660 shares during the last quarter. Finally, Zions Bancorporation acquired a new position in shares of Amphenol in the third quarter valued at approximately $169,000. 96.54% of the stock is owned by institutional investors.
Amphenol stock traded down $1.32 during midday trading on Monday, hitting $90.68. 501,228 shares of the stock were exchanged, compared to its average volume of 1,391,110. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.95 and a quick ratio of 2.25. The company has a market cap of $28,104.51, a P/E ratio of 44.20, a P/E/G ratio of 2.70 and a beta of 0.81. Amphenol Co. has a 52 week low of $68.57 and a 52 week high of $93.62.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. Amphenol had a net margin of 9.28% and a return on equity of 26.09%. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. sell-side analysts predict that Amphenol Co. will post 3.45 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Monday, March 19th will be paid a $0.19 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.76 annualized dividend and a dividend yield of 0.84%. Amphenol’s dividend payout ratio is presently 37.07%.
Several equities research analysts recently issued reports on APH shares. Zacks Investment Research upgraded Amphenol from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Wednesday, January 10th. Cowen reiterated a “buy” rating and issued a $105.00 price target on shares of Amphenol in a research note on Wednesday, January 10th. Morgan Stanley increased their price objective on 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 reiterated a “hold” rating and set a $89.00 price target (up from $82.00) on shares of Amphenol in a report on Thursday, January 25th. Six analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Amphenol currently has an average rating of “Buy” and a consensus target price of $92.00.
In other Amphenol news, VP Lance E. D’amico sold 10,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $92.07, for a total value of $920,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John R. Lord sold 2,000 shares of Amphenol stock in a transaction on Sunday, September 2nd. The stock was sold at an average price of $62.47, for a total transaction 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 disclosure for this sale can be found here. 2.51% of the stock is owned by corporate insiders.
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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