Banque Pictet & Cie SA lowered its stake in shares of Amphenol (NYSE:APH) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,040 shares of the electronics maker’s stock after selling 647 shares during the quarter. Banque Pictet & Cie SA’s holdings in Amphenol were worth $2,846,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Amphenol by 9.8% during the fourth quarter. BlackRock Inc. now owns 21,118,863 shares of the electronics maker’s stock worth $1,854,233,000 after purchasing an additional 1,880,658 shares in the last quarter. Geode Capital Management LLC raised its holdings in Amphenol by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 3,625,410 shares of the electronics maker’s stock worth $317,719,000 after purchasing an additional 233,439 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in Amphenol by 0.9% during the fourth quarter. UBS Asset Management Americas Inc. now owns 2,823,577 shares of the electronics maker’s stock worth $247,910,000 after purchasing an additional 23,894 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Amphenol by 3.7% during the fourth quarter. Wells Fargo & Company MN now owns 2,108,479 shares of the electronics maker’s stock worth $185,125,000 after purchasing an additional 74,915 shares in the last quarter. Finally, Mawer Investment Management Ltd. raised its holdings in Amphenol by 108.6% during the first quarter. Mawer Investment Management Ltd. now owns 1,643,850 shares of the electronics maker’s stock worth $141,585,000 after purchasing an additional 855,870 shares in the last quarter. 97.09% of the stock is currently owned by institutional investors.
APH has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of Amphenol from $90.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, April 26th. Zacks Investment Research cut shares of Amphenol from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. SunTrust Banks reissued a “hold” rating and set a $89.00 price objective (up previously from $82.00) on shares of Amphenol in a report on Thursday, January 25th. Finally, ValuEngine raised shares of Amphenol from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Six research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. Amphenol has a consensus rating of “Buy” and a consensus price target of $92.33.
Shares of Amphenol stock opened at $88.12 on Friday. The firm has a market capitalization of $26.48 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 2.42 and a beta of 0.84. Amphenol has a 12 month low of $87.60 and a 12 month high of $88.33. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.27 and a current ratio of 1.80.
Amphenol (NYSE:APH) last announced its earnings results on Wednesday, April 25th. The electronics maker reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Amphenol had a net margin of 9.45% and a return on equity of 26.65%. The company’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. equities research analysts expect that Amphenol will post 3.52 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Monday, June 18th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.04%. This is a boost from Amphenol’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, June 15th. Amphenol’s payout ratio is presently 24.36%.
Amphenol declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 25th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to purchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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