First Mercantile Trust Co. acquired a new stake in Amphenol Co. (NYSE:APH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,639 shares of the electronics maker’s stock, valued at approximately $255,000.
A number of other hedge funds and other institutional investors have also modified their holdings of APH. Nuveen Asset Management LLC lifted its holdings in Amphenol by 1,292.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,644,210 shares of the electronics maker’s stock valued at $157,745,000 after purchasing an additional 1,526,113 shares in the last quarter. Cibc World Markets Corp lifted its holdings in Amphenol by 19.0% in the 2nd quarter. Cibc World Markets Corp now owns 86,885 shares of the electronics maker’s stock valued at $8,336,000 after purchasing an additional 13,892 shares in the last quarter. Barings LLC lifted its holdings in Amphenol by 67.7% in the 2nd quarter. Barings LLC now owns 9,119 shares of the electronics maker’s stock valued at $875,000 after purchasing an additional 3,682 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Amphenol by 7.4% in the 3rd quarter. Park Avenue Securities LLC now owns 15,447 shares of the electronics maker’s stock valued at $1,491,000 after purchasing an additional 1,059 shares in the last quarter. Finally, Chicago Capital LLC lifted its holdings in Amphenol by 53.6% in the 2nd quarter. Chicago Capital LLC now owns 8,600 shares of the electronics maker’s stock valued at $825,000 after purchasing an additional 3,000 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP William J. Doherty sold 72,334 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $100.68, for a total value of $7,282,587.12. Following the transaction, the senior vice president now owns 10,400 shares in the company, valued at $1,047,072. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stanley L. Clark sold 4,860 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $102.95, for a total transaction of $500,337.00. Following the completion of the transaction, the director now owns 25,271 shares in the company, valued at approximately $2,601,649.45. The disclosure for this sale can be found here. Insiders sold 577,760 shares of company stock worth $58,686,372 in the last 90 days. 2.60% of the stock is currently owned by insiders.
Shares of APH stock opened at $102.70 on Friday. The firm has a market cap of $30.96 billion, a P/E ratio of 27.24, a PEG ratio of 2.98 and a beta of 1.04. Amphenol Co. has a 1-year low of $74.95 and a 1-year high of $105.51. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.99 and a quick ratio of 1.39. The firm’s 50-day simple moving average is $98.20 and its 200-day simple moving average is $94.34.
Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.08. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $1.98 billion. Amphenol had a net margin of 14.15% and a return on equity of 28.19%. The company’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 EPS. Analysts expect that Amphenol Co. will post 3.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.97%. Amphenol’s payout ratio is 26.53%.
APH has been the topic of several recent analyst reports. Morgan Stanley cut their price objective on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. JPMorgan Chase & Co. initiated coverage on shares of Amphenol in a report on Tuesday, October 22nd. They set a “neutral” rating and a $104.00 price objective on the stock. Wells Fargo & Co increased their price objective on shares of Amphenol from $109.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, ValuEngine lowered shares of Amphenol from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $104.79.
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets 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, busbars, and distribution systems; and other connectors.
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