Noesis Capital Mangement Corp lifted its holdings in Amphenol Co. (NYSE:APH) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,490 shares of the electronics maker’s stock after purchasing an additional 1,965 shares during the period. Amphenol comprises 3.0% of Noesis Capital Mangement Corp’s holdings, making the stock its 14th biggest holding. Noesis Capital Mangement Corp’s holdings in Amphenol were worth $9,215,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of Amphenol by 26.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,466 shares of the electronics maker’s stock worth $527,000 after purchasing an additional 1,150 shares during the last quarter. Motco grew its stake in shares of Amphenol by 1.8% in the 3rd quarter. Motco now owns 64,968 shares of the electronics maker’s stock worth $6,269,000 after purchasing an additional 1,171 shares during the last quarter. Veritas Investment Management LLP grew its stake in shares of Amphenol by 3.5% in the 3rd quarter. Veritas Investment Management LLP now owns 443,057 shares of the electronics maker’s stock worth $42,764,000 after purchasing an additional 14,972 shares during the last quarter. Veritas Investment Management UK Ltd grew its stake in shares of Amphenol by 0.8% in the 3rd quarter. Veritas Investment Management UK Ltd now owns 110,910 shares of the electronics maker’s stock worth $10,703,000 after purchasing an additional 905 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Amphenol by 19.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 4,321 shares of the electronics maker’s stock worth $417,000 after purchasing an additional 695 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors.
In other news, VP Martin Booker sold 90,000 shares of Amphenol stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $104.03, for a total value of $9,362,700.00. Following the transaction, the vice president now directly owns 90,000 shares of the company’s stock, valued at $9,362,700. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stanley L. Clark sold 4,860 shares of Amphenol stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 directly owns 25,271 shares in the company, valued at $2,601,649.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 577,760 shares of company stock worth $58,686,372. 2.60% of the stock is currently owned by insiders.
Several brokerages have recently issued reports on APH. ValuEngine cut shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Morgan Stanley lowered their price objective on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Co lifted their target price on shares of Amphenol from $109.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Amphenol in a research report on Tuesday, October 22nd. They issued a “neutral” rating and a $104.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $104.79.
Shares of Amphenol stock traded down $0.58 during trading on Monday, hitting $102.12. The stock had a trading volume of 53,302 shares, compared to its average volume of 1,346,915. The stock has a 50 day simple moving average of $98.20 and a 200 day simple moving average of $94.34. The company has a market capitalization of $30.96 billion, a PE ratio of 27.10, a P/E/G ratio of 2.98 and a beta of 1.04. The company has a quick ratio of 1.39, a current ratio of 1.99 and a debt-to-equity ratio of 0.84. Amphenol Co. has a 1 year low of $74.95 and a 1 year high of $105.51.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.98 billion. Amphenol had a net margin of 14.15% and a return on equity of 28.19%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. As a group, equities analysts expect that Amphenol Co. will post 3.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, December 16th. Amphenol’s dividend payout ratio (DPR) is currently 26.53%.
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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