Strs Ohio Sells 84,843 Shares of Amphenol Co. (APH)

Strs Ohio lowered its position in Amphenol Co. (NYSE:APH) by 9.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 835,502 shares of the electronics maker’s stock after selling 84,843 shares during the period. Strs Ohio owned approximately 0.28% of Amphenol worth $78,553,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cornerstone Wealth Management LLC boosted its position in Amphenol by 30.0% in the third quarter. Cornerstone Wealth Management LLC now owns 19,820 shares of the electronics maker’s stock valued at $229,000 after buying an additional 4,575 shares during the last quarter. James Hambro & Partners boosted its position in Amphenol by 2.3% in the third quarter. James Hambro & Partners now owns 216,935 shares of the electronics maker’s stock valued at $20,399,000 after buying an additional 4,941 shares during the last quarter. Aperio Group LLC boosted its position in Amphenol by 0.9% in the third quarter. Aperio Group LLC now owns 169,308 shares of the electronics maker’s stock valued at $15,918,000 after buying an additional 1,440 shares during the last quarter. Alta Capital Management LLC boosted its position in Amphenol by 3.7% in the third quarter. Alta Capital Management LLC now owns 553,971 shares of the electronics maker’s stock valued at $52,084,000 after buying an additional 19,633 shares during the last quarter. Finally, Andra AP fonden boosted its position in Amphenol by 3.8% in the third quarter. Andra AP fonden now owns 46,000 shares of the electronics maker’s stock valued at $4,325,000 after buying an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 94.64% of the company’s stock.

In other news, VP William J. Doherty sold 19,200 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $94.57, for a total transaction of $1,815,744.00. Following the transaction, the vice president now owns 8,800 shares in the company, valued at approximately $832,216. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Richard Gu sold 2,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $87.00, for a total value of $174,000.00. Following the transaction, the vice president now owns 3,000 shares in the company, valued at approximately $261,000. The disclosure for this sale can be found here. Insiders have sold a total of 647,713 shares of company stock worth $61,196,943 in the last quarter. Insiders own 2.51% of the company’s stock.

Several equities research analysts have commented on the company. Morgan Stanley upgraded Amphenol from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $95.00 to $102.00 in a research report on Thursday, August 9th. Stifel Nicolaus upped their price objective on Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. Goldman Sachs Group assumed coverage on Amphenol in a research report on Tuesday, October 9th. They issued a “neutral” rating on the stock. Zacks Investment Research lowered Amphenol from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, ValuEngine lowered Amphenol from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Amphenol currently has an average rating of “Hold” and an average price target of $98.50.

Amphenol stock traded down $0.75 during mid-day trading on Friday, hitting $82.93. The company had a trading volume of 89,605 shares, compared to its average volume of 1,444,719. The company has a current ratio of 1.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.70. Amphenol Co. has a 12-month low of $80.42 and a 12-month high of $97.56. The firm has a market cap of $25.78 billion, a PE ratio of 26.92, a P/E/G ratio of 1.99 and a beta of 0.88.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 25th. The electronics maker reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. Amphenol had a return on equity of 27.49% and a net margin of 9.49%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, equities research analysts forecast that Amphenol Co. will post 3.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 10th. Shareholders of record on Monday, September 17th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, September 14th. This represents a $0.92 annualized dividend and a yield of 1.11%. Amphenol’s dividend payout ratio is presently 29.49%.

Amphenol Company Profile

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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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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