Penobscot Investment Management Company Inc. lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,445 shares of the electronics maker’s stock after purchasing an additional 750 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Amphenol were worth $1,640,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Bartlett & Co. LLC acquired a new stake in shares of Amphenol during the third quarter worth $110,000. Braun Bostich & Associates Inc. boosted its holdings in shares of Amphenol by 1,407.1% during the second quarter. Braun Bostich & Associates Inc. now owns 1,281 shares of the electronics maker’s stock worth $112,000 after purchasing an additional 1,196 shares during the last quarter. Landaas & Co. WI ADV acquired a new stake in shares of Amphenol during the second quarter worth $113,000. AdvisorNet Financial Inc boosted its holdings in shares of Amphenol by 236.1% during the second quarter. AdvisorNet Financial Inc now owns 1,341 shares of the electronics maker’s stock worth $117,000 after purchasing an additional 942 shares during the last quarter. Finally, Fort L.P. acquired a new stake in shares of Amphenol during the second quarter worth $119,000. Institutional investors and hedge funds own 94.45% of the company’s stock.
Shares of Amphenol stock opened at $89.85 on Friday. Amphenol Co. has a twelve month low of $80.42 and a twelve month high of $97.56. The firm has a market capitalization of $26.66 billion, a P/E ratio of 28.80, a PEG ratio of 2.02 and a beta of 0.88. 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 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. Amphenol had a return on equity of 28.57% and a net margin of 9.64%. The firm had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, equities research analysts predict that Amphenol Co. will post 3.69 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 8th. Investors of record on Monday, December 17th will be issued 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 currently 29.49%.
In other Amphenol news, VP William J. Doherty sold 19,200 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $94.57, for a total value of $1,815,744.00. Following the transaction, the vice president now directly owns 8,800 shares of the company’s stock, valued at $832,216. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard Gu sold 2,000 shares of the firm’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 completion of the transaction, the vice president now directly owns 3,000 shares in the company, valued at $261,000. The disclosure for this sale can be found here. Insiders sold 28,700 shares of company stock worth $2,706,069 over the last three months. 2.51% of the stock is currently owned by corporate insiders.
A number of research analysts recently weighed in on the company. Goldman Sachs Group upgraded Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 target price on the stock in a report on Tuesday, October 9th. ValuEngine upgraded Amphenol from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded Amphenol from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Friday, October 26th. Morgan Stanley lifted their target price on Amphenol from $93.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, July 26th. Finally, Stifel Nicolaus lifted their target price on Amphenol from $90.00 to $92.00 and gave the company a “hold” rating in a report on Thursday, July 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $98.00.
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.
See Also: How Do Tariffs Affect Trade Balances?
Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Co. (NYSE:APH).
Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.