Colony Group LLC reduced its position in Amphenol Co. (NYSE:APH) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,559 shares of the electronics maker’s stock after selling 207 shares during the quarter. Colony Group LLC’s holdings in Amphenol were worth $2,874,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in APH. Voya Financial Advisors Inc. grew its holdings in shares of Amphenol by 11.1% during the third quarter. Voya Financial Advisors Inc. now owns 7,451 shares of the electronics maker’s stock valued at $713,000 after buying an additional 743 shares during the last quarter. State Street Corp boosted its stake in shares of Amphenol by 3.3% in the third quarter. State Street Corp now owns 13,125,357 shares of the electronics maker’s stock worth $1,269,863,000 after buying an additional 416,897 shares during the last quarter. Pictet Asset Management Ltd. grew its stake in shares of Amphenol by 0.7% during the 3rd quarter. Pictet Asset Management Ltd. now owns 134,767 shares of the electronics maker’s stock worth $13,005,000 after purchasing an additional 1,000 shares during the period. California State Teachers Retirement System lifted its stake in shares of Amphenol by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 484,820 shares of the electronics maker’s stock valued at $46,785,000 after purchasing an additional 5,770 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in shares of Amphenol in the 3rd quarter valued at $214,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently commented on APH shares. Jefferies Financial Group initiated coverage on shares of Amphenol in a research report on Monday, December 16th. They set a “buy” rating and a $125.00 price target on the stock. Cross Research lowered Amphenol from a “hold” rating to a “sell” rating in a research note on Tuesday, January 21st. Royal Bank of Canada started coverage on Amphenol in a research note on Tuesday, December 17th. They issued a “sector perform” rating and a $110.00 price target for the company. Citigroup cut their price target on Amphenol from $115.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, March 16th. Finally, Morgan Stanley cut their price target on Amphenol from $107.00 to $86.00 and set an “overweight” rating for the company in a research note on Wednesday, March 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $105.70.
Shares of Amphenol stock opened at $74.92 on Thursday. Amphenol Co. has a 52 week low of $63.05 and a 52 week high of $110.24. The business’s fifty day simple moving average is $91.66 and its 200-day simple moving average is $99.24. The firm has a market cap of $22.10 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06. The company has a quick ratio of 1.36, a current ratio of 1.97 and a debt-to-equity ratio of 0.70.
Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.07. Amphenol had a net margin of 14.04% and a return on equity of 26.78%. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities analysts expect that Amphenol Co. will post 3.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Tuesday, March 17th will be issued a $0.25 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Amphenol’s payout ratio is 26.74%.
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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