Employers Holdings Inc. bought a new stake in Amphenol Co. (NYSE:APH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,800 shares of the electronics maker’s stock, valued at approximately $173,000.
A number of other large investors have also bought and sold shares of APH. Envestnet Asset Management Inc. lifted its holdings in shares of Amphenol by 8.1% in the second quarter. Envestnet Asset Management Inc. now owns 330,527 shares of the electronics maker’s stock valued at $31,711,000 after purchasing an additional 24,797 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in shares of Amphenol by 9.1% in the second quarter. Candriam Luxembourg S.C.A. now owns 26,489 shares of the electronics maker’s stock valued at $2,530,000 after purchasing an additional 2,215 shares in the last quarter. FinTrust Capital Advisors LLC lifted its holdings in shares of Amphenol by 116.5% in the second quarter. FinTrust Capital Advisors LLC now owns 446 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 240 shares in the last quarter. Executive Wealth Management LLC lifted its holdings in shares of Amphenol by 6,801.3% in the second quarter. Executive Wealth Management LLC now owns 10,490 shares of the electronics maker’s stock valued at $1,006,000 after purchasing an additional 10,338 shares in the last quarter. Finally, Ardevora Asset Management LLP lifted its holdings in shares of Amphenol by 12.4% in the second quarter. Ardevora Asset Management LLP now owns 440,848 shares of the electronics maker’s stock valued at $42,295,000 after purchasing an additional 48,600 shares in the last quarter. 94.31% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the company. Wells Fargo & Co dropped their target price on Amphenol from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. ValuEngine lowered Amphenol from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Evercore ISI assumed coverage on Amphenol in a report on Wednesday, June 5th. They set an “outperform” rating and a $102.00 target price on the stock. Longbow Research lowered Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 target price on the stock. in a report on Monday, June 17th. Finally, Morgan Stanley dropped their target price on Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $104.41.
NYSE:APH traded up $2.22 on Friday, hitting $86.61. The company’s stock had a trading volume of 1,012,400 shares, compared to its average volume of 1,873,871. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average of $93.94 and a two-hundred day moving average of $94.72. The firm has a market capitalization of $25.36 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.48 and a beta of 1.02. Amphenol Co. has a one year low of $74.95 and a one year high of $105.51.
Amphenol (NYSE:APH) last posted its earnings results on Wednesday, July 24th. The electronics maker reported $0.92 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.01). Amphenol had a net margin of 14.54% and a return on equity of 29.08%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the company posted $0.90 EPS. Amphenol’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amphenol Co. will post 3.59 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be given a $0.25 dividend. This is an increase from Amphenol’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. Amphenol’s dividend payout ratio is presently 24.40%.
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets 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, busbars, and distribution systems; and other connectors.
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