Cornerstone Capital Management Holdings LLC. grew its stake in shares of Amphenol Co. (NYSE:APH) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,407 shares of the electronics maker’s stock after acquiring an additional 4,700 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Amphenol were worth $5,039,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Amphenol by 9.8% during the fourth quarter. BlackRock Inc. now owns 21,118,863 shares of the electronics maker’s stock valued at $1,854,233,000 after acquiring an additional 1,880,658 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Amphenol by 2.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,634,492 shares of the electronics maker’s stock worth $710,446,000 after buying an additional 173,637 shares in the last quarter. Geode Capital Management LLC increased its holdings in Amphenol by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 3,625,410 shares of the electronics maker’s stock worth $317,719,000 after buying an additional 233,439 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Amphenol by 0.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 2,823,577 shares of the electronics maker’s stock worth $247,910,000 after buying an additional 23,894 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in Amphenol by 0.7% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 2,381,455 shares of the electronics maker’s stock worth $201,566,000 after buying an additional 15,791 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.
In other Amphenol news, VP Lance E. D’amico sold 10,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $92.07, for a total transaction of $920,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John R. Lord sold 2,000 shares of the business’s stock in a transaction dated Sunday, September 2nd. The shares were sold at an average price of $62.47, for a total value of $124,940.00. Following the sale, the director now owns 38,677 shares of the company’s stock, valued at $2,416,152.19. The disclosure for this sale can be found here. Insiders own 2.51% of the company’s stock.
Shares of Amphenol stock opened at $91.03 on Thursday. The stock has a market capitalization of $28,012.86, a PE ratio of 28.13, a price-to-earnings-growth ratio of 2.69 and a beta of 0.81. Amphenol Co. has a 52 week low of $68.57 and a 52 week high of $93.62. 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 (NYSE:APH) last released its quarterly earnings results 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 business 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 business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. equities research analysts anticipate that Amphenol Co. will post 3.45 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders 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 is currently 37.07%.
Several research firms recently commented on APH. Morgan Stanley lifted their price objective on Amphenol from $87.00 to $90.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. SunTrust Banks reiterated a “hold” rating and issued a $89.00 price objective (up from $82.00) on shares of Amphenol in a report on Thursday, January 25th. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Finally, Cowen reiterated a “buy” rating and issued a $105.00 price objective on shares of Amphenol in a report on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $92.00.
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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