Decatur Capital Management Inc. lowered its position in shares of Amphenol Co. (NYSE:APH) by 19.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,239 shares of the electronics maker’s stock after selling 10,750 shares during the period. Decatur Capital Management Inc.’s holdings in Amphenol were worth $4,065,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of APH. DnB Asset Management AS increased its position in Amphenol by 8.7% in the 2nd quarter. DnB Asset Management AS now owns 53,938 shares of the electronics maker’s stock valued at $4,701,000 after acquiring an additional 4,300 shares during the period. IFM Investors Pty Ltd increased its position in Amphenol by 41.2% in the 2nd quarter. IFM Investors Pty Ltd now owns 13,380 shares of the electronics maker’s stock valued at $1,166,000 after acquiring an additional 3,904 shares during the period. State of Alaska Department of Revenue increased its position in Amphenol by 16.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 53,361 shares of the electronics maker’s stock valued at $4,649,000 after acquiring an additional 7,390 shares during the period. Xact Kapitalforvaltning AB increased its position in Amphenol by 10.3% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 89,545 shares of the electronics maker’s stock valued at $7,804,000 after acquiring an additional 8,360 shares during the period. Finally, Port Capital LLC increased its position in Amphenol by 33.8% in the 2nd quarter. Port Capital LLC now owns 79,802 shares of the electronics maker’s stock valued at $6,955,000 after acquiring an additional 20,164 shares during the period. Institutional investors and hedge funds own 94.00% of the company’s stock.
Several brokerages recently issued reports on APH. ValuEngine cut Amphenol from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Zacks Investment Research cut Amphenol from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. Morgan Stanley dropped their price target on Amphenol from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 3rd. Goldman Sachs Group began coverage on Amphenol in a research report on Tuesday, October 9th. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus boosted their price target on Amphenol from $90.00 to $92.00 and gave the company a “hold” rating in a research report on Thursday, July 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Amphenol currently has an average rating of “Buy” and a consensus price target of $98.00.
Shares of APH opened at $90.00 on Tuesday. Amphenol Co. has a twelve month low of $80.42 and a twelve month high of $97.56. The company has a market capitalization of $27.24 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 2.06 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 announced its quarterly earnings data 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 company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. Analysts expect that Amphenol Co. will post 3.69 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 8th. Shareholders 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 dividend payout ratio is presently 29.49%.
In other Amphenol news, VP Richard Gu sold 2,000 shares of Amphenol stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $87.00, for a total value of $174,000.00. Following the sale, the vice president now owns 3,000 shares of the company’s stock, valued at approximately $261,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David M. Silverman sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $95.51, for a total value of $716,325.00. Following the sale, the vice president now directly owns 7,500 shares in the company, valued at approximately $716,325. The disclosure for this sale can be found here. Insiders sold a total of 28,700 shares of company stock worth $2,706,069 in the last ninety days. 2.34% of the stock is owned by corporate insiders.
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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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