Meadow Creek Investment Management LLC raised its position in shares of Amphenol Co. (NYSE:APH) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,528 shares of the electronics maker’s stock after purchasing an additional 624 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Amphenol were worth $1,100,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in APH. BlackRock Inc. grew its stake in shares of Amphenol by 9.8% during the 4th quarter. BlackRock Inc. now owns 21,118,863 shares of the electronics maker’s stock valued at $1,854,233,000 after purchasing an additional 1,880,658 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Amphenol by 89.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,058,086 shares of the electronics maker’s stock valued at $92,909,000 after purchasing an additional 500,762 shares during the period. Swiss National Bank grew its stake in shares of Amphenol by 42.7% during the 4th quarter. Swiss National Bank now owns 1,607,750 shares of the electronics maker’s stock valued at $141,160,000 after purchasing an additional 480,900 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Amphenol during the 4th quarter valued at about $35,814,000. Finally, Carillon Tower Advisers Inc. bought a new stake in shares of Amphenol during the 4th quarter valued at about $32,058,000. Institutional investors and hedge funds own 96.54% of the company’s stock.
In other Amphenol news, Director John R. Lord sold 2,000 shares of the company’s stock in a transaction that occurred on Sunday, September 2nd. The stock was sold at an average price of $62.47, for a total value of $124,940.00. Following the completion of the transaction, the director now directly owns 38,677 shares in the company, valued at approximately $2,416,152.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $92.07, for a total value of $920,700.00. The disclosure for this sale can be found here. Insiders own 2.51% of the company’s stock.
APH stock opened at $91.70 on Wednesday. The stock has a market capitalization of $27,902.89, a P/E ratio of 44.73, a P/E/G ratio of 2.68 and a beta of 0.81. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.25 and a current ratio of 2.95. Amphenol Co. has a 52 week low of $68.57 and a 52 week high of $93.62.
Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. Amphenol had a return on equity of 26.09% and a net margin of 9.28%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. research analysts predict that Amphenol Co. will post 3.45 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Monday, March 19th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, March 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.83%. Amphenol’s dividend payout ratio (DPR) is presently 37.07%.
APH has been the subject of a number of recent research reports. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Morgan Stanley restated an “equal weight” rating and set a $85.00 price target on shares of Amphenol in a research note on Wednesday, December 13th. Cowen reiterated a “buy” rating and set a $105.00 price objective on shares of Amphenol in a research note on Wednesday, January 10th. Finally, SunTrust Banks reiterated a “hold” rating and set a $89.00 price objective (up from $82.00) on shares of Amphenol in a research note on Thursday, January 25th. Six investment 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 company’s stock. The stock has a consensus rating of “Buy” and an average target price of $92.00.
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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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