BlackRock Inc. grew its stake in shares of Amphenol Co. (NYSE:APH) by 9.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 21,118,863 shares of the electronics maker’s stock after buying an additional 1,880,658 shares during the period. BlackRock Inc. owned approximately 0.07% of Amphenol worth $1,854,233,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in APH. Dynamic Technology Lab Private Ltd acquired a new position in shares of Amphenol during the second quarter valued at about $392,000. Intl Fcstone Inc. acquired a new position in shares of Amphenol during the second quarter valued at about $260,000. Eqis Capital Management Inc. raised its position in shares of Amphenol by 9.4% during the third quarter. Eqis Capital Management Inc. now owns 9,069 shares of the electronics maker’s stock valued at $768,000 after buying an additional 779 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Amphenol by 1.6% during the third quarter. Mutual of America Capital Management LLC now owns 46,394 shares of the electronics maker’s stock valued at $3,927,000 after buying an additional 730 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Amphenol by 3.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 557,324 shares of the electronics maker’s stock valued at $47,175,000 after buying an additional 20,226 shares during the last quarter. 96.47% of the stock is owned by institutional investors and hedge funds.
Shares of Amphenol Co. (NYSE:APH) opened at $89.99 on Monday. The firm has a market cap of $27,480.00, a PE ratio of 43.90, a P/E/G ratio of 2.64 and a beta of 0.82. 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 current ratio of 2.95 and a quick ratio of 2.25.
Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Amphenol had a net margin of 9.28% and a return on equity of 26.09%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. equities analysts expect that Amphenol Co. will post 3.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Monday, March 19th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.76 dividend on an annualized basis and a yield of 0.84%. Amphenol’s payout ratio is currently 37.07%.
A number of research analysts have recently commented on APH shares. Zacks Investment Research lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $85.00 price objective on shares of Amphenol in a research report on Wednesday, December 13th. SunTrust Banks upped their price objective on shares of Amphenol from $77.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Cowen reaffirmed a “buy” rating and set a $105.00 price objective on shares of Amphenol in a research report on Wednesday, January 10th. Finally, Wells Fargo & Co assumed coverage on shares of Amphenol in a research note on Friday, November 10th. They issued an “outperform” rating and a $98.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Amphenol presently has a consensus rating of “Buy” and an average price target of $92.00.
In other Amphenol news, Director Diana G. Reardon sold 503,000 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total transaction of $45,637,190.00. Following the sale, the director now directly owns 260,000 shares of the company’s stock, valued at $23,589,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Lance E. D’amico sold 10,000 shares of the company’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 disclosure for this sale can be found here. Insiders own 2.51% of the company’s stock.
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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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