Evercore Wealth Management LLC cut its holdings in shares of Amphenol Corporation (NYSE:APH) by 12.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,915 shares of the electronics maker’s stock after selling 3,448 shares during the period. Evercore Wealth Management LLC’s holdings in Amphenol were worth $2,024,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of APH. Dupont Capital Management Corp acquired a new stake in shares of Amphenol in the 2nd quarter valued at about $109,000. People s United Financial Inc. raised its stake in shares of Amphenol by 6.8% in the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after purchasing an additional 95 shares during the period. Parallel Advisors LLC raised its stake in shares of Amphenol by 28.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after purchasing an additional 391 shares during the period. Acrospire Investment Management LLC acquired a new stake in shares of Amphenol in the 2nd quarter valued at about $148,000. Finally, Cribstone Capital Management LLC raised its stake in shares of Amphenol by 123.5% in the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after purchasing an additional 1,050 shares during the period. Hedge funds and other institutional investors own 96.52% of the company’s stock.
Shares of Amphenol Corporation (APH) traded down $1.34 during mid-day trading on Tuesday, hitting $88.46. The company had a trading volume of 1,291,400 shares, compared to its average volume of 1,145,062. The company has a current ratio of 3.04, a quick ratio of 2.27 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $27,419.45, a PE ratio of 28.51, a P/E/G ratio of 2.53 and a beta of 0.81. Amphenol Corporation has a fifty-two week low of $66.00 and a fifty-two week high of $91.26.
Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 earnings per share. equities research analysts predict that Amphenol Corporation will post 3.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, December 15th. Amphenol’s dividend payout ratio (DPR) is currently 24.20%.
In other Amphenol news, Director Diana G. Reardon sold 28,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $87.28, for a total transaction of $2,443,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 10,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $89.51, for a total value of $895,100.00. Following the sale, the chief financial officer now owns 35,000 shares of the company’s stock, valued at $3,132,850. The disclosure for this sale can be found here. Over the last quarter, insiders sold 849,000 shares of company stock valued at $75,518,690. 2.51% of the stock is currently owned by corporate insiders.
Several research firms have issued reports on APH. Wells Fargo & Company began coverage on Amphenol in a research note on Friday, November 10th. They issued an “outperform” rating and a $98.00 price target on the stock. SunTrust Banks lifted their price target on Amphenol from $77.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Deutsche Bank lifted their price target on Amphenol from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Morgan Stanley lifted their price target on Amphenol from $74.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, October 26th. Finally, Stifel Nicolaus lifted their target price on Amphenol from $78.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $87.90.
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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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