Franklin Resources Inc. lifted its position in shares of Amphenol (NYSE:APH) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,218,778 shares of the electronics maker’s stock after buying an additional 189,668 shares during the period. Franklin Resources Inc. owned approximately 0.40% of Amphenol worth $107,012,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in APH. Raymond James Financial Services Advisors Inc. boosted its position in Amphenol by 2.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 76,035 shares of the electronics maker’s stock valued at $6,436,000 after buying an additional 1,574 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its position in shares of Amphenol by 6.5% during the third quarter. Candriam Luxembourg S.C.A. now owns 25,668 shares of the electronics maker’s stock worth $2,173,000 after purchasing an additional 1,563 shares during the last quarter. Sei Investments Co. lifted its position in shares of Amphenol by 17.3% during the third quarter. Sei Investments Co. now owns 203,497 shares of the electronics maker’s stock worth $16,856,000 after purchasing an additional 30,073 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Amphenol by 2.0% during the third quarter. CIBC Asset Management Inc now owns 30,016 shares of the electronics maker’s stock worth $2,541,000 after purchasing an additional 575 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its position in shares of Amphenol by 5.6% during the third quarter. New York State Common Retirement Fund now owns 977,892 shares of the electronics maker’s stock worth $82,769,000 after purchasing an additional 52,200 shares during the last quarter. 96.55% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Lance E. D’amico sold 10,000 shares of Amphenol stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $92.07, for a total transaction of $920,700.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John R. Lord sold 2,000 shares of Amphenol stock in a transaction dated Sunday, September 2nd. The shares were sold at an average price of $62.47, for a total transaction of $124,940.00. Following the sale, the director now owns 38,677 shares in the company, valued at $2,416,152.19. The disclosure for this sale can be found here. Company insiders own 2.51% of the company’s stock.
APH has been the topic of several research reports. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research note on Wednesday, January 10th. Cowen reiterated a “buy” rating and issued a $105.00 price objective on shares of Amphenol in a report on Wednesday, January 10th. ValuEngine upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Morgan Stanley reiterated an “equal weight” rating and issued a $85.00 price objective on shares of Amphenol in a report on Wednesday, December 13th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $89.00 price objective (up from $82.00) on shares of Amphenol in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, five have given 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 $92.00.
APH stock opened at $82.57 on Friday. Amphenol has a 12-month low of $68.57 and a 12-month 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. The company has a market capitalization of $25,963.07, a price-to-earnings ratio of 26.46, a P/E/G ratio of 2.49 and a beta of 0.83.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. Amphenol had a net margin of 9.28% and a return on equity of 26.09%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. research analysts expect that Amphenol will post 3.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Monday, March 19th will be issued a $0.19 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.76 annualized dividend and a yield of 0.92%. Amphenol’s dividend payout ratio (DPR) is presently 24.36%.
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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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