Financial Counselors Inc. raised its position in Amphenol Co. (NYSE:APH) by 16.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,949 shares of the electronics maker’s stock after purchasing an additional 2,688 shares during the period. Financial Counselors Inc.’s holdings in Amphenol were worth $1,782,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Voya Investment Management LLC lifted its holdings in shares of Amphenol by 1,165.1% during the 2nd quarter. Voya Investment Management LLC now owns 2,659,699 shares of the electronics maker’s stock worth $231,792,000 after acquiring an additional 2,449,464 shares during the last quarter. FMR LLC lifted its holdings in shares of Amphenol by 1.7% during the 2nd quarter. FMR LLC now owns 38,544,742 shares of the electronics maker’s stock worth $3,359,175,000 after acquiring an additional 660,569 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Amphenol during the 2nd quarter worth $33,726,000. Select Equity Group L.P. lifted its holdings in shares of Amphenol by 12.8% during the 2nd quarter. Select Equity Group L.P. now owns 2,948,900 shares of the electronics maker’s stock worth $256,997,000 after acquiring an additional 335,554 shares during the last quarter. Finally, Nuance Investments LLC lifted its holdings in shares of Amphenol by 88.8% during the 2nd quarter. Nuance Investments LLC now owns 628,326 shares of the electronics maker’s stock worth $54,759,000 after acquiring an additional 295,466 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.
In other Amphenol news, VP Richard Gu sold 2,000 shares of the business’s stock in a transaction dated 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 $261,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Silverman sold 7,500 shares of the business’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $95.51, for a total transaction of $716,325.00. Following the completion of the transaction, the vice president now owns 7,500 shares in the company, valued at approximately $716,325. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,700 shares of company stock worth $2,706,069. 2.51% of the stock is owned by corporate insiders.
APH has been the subject of a number of research analyst reports. Goldman Sachs Group raised shares of Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 price objective for the company in a report on Tuesday, October 9th. ValuEngine upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Friday, October 26th. Morgan Stanley lifted their target price on shares of Amphenol from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 26th. Finally, Stifel Nicolaus lifted their target price on shares of Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $98.00.
Shares of NYSE:APH opened at $89.85 on Friday. The firm has a market capitalization of $26.66 billion, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 2.02 and a beta of 0.88. Amphenol Co. has a 52 week low of $80.42 and a 52 week high of $97.56. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.19 and a current ratio of 1.68.
Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 24th. The electronics maker reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Amphenol had a net margin of 9.64% and a return on equity of 28.57%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. As a group, equities analysts forecast that Amphenol Co. will post 3.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 8th. Investors of record on Monday, December 17th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.02%. Amphenol’s payout ratio is presently 29.49%.
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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