Pacer Advisors Inc. grew its holdings in Amphenol Co. (NYSE:APH) by 827.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,114 shares of the electronics maker’s stock after purchasing an additional 22,407 shares during the quarter. Pacer Advisors Inc.’s holdings in Amphenol were worth $2,406,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Stratos Wealth Partners LTD. raised its position in shares of Amphenol by 1.1% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 44,702 shares of the electronics maker’s stock valued at $4,283,000 after buying an additional 500 shares during the period. North Star Asset Management Inc. purchased a new stake in shares of Amphenol during the 2nd quarter valued at approximately $2,481,000. CIBC Asset Management Inc raised its position in shares of Amphenol by 23.5% during the 2nd quarter. CIBC Asset Management Inc now owns 32,043 shares of the electronics maker’s stock valued at $3,070,000 after buying an additional 6,087 shares during the period. Raymond James & Associates raised its position in shares of Amphenol by 15.6% during the 2nd quarter. Raymond James & Associates now owns 110,158 shares of the electronics maker’s stock valued at $10,554,000 after buying an additional 14,861 shares during the period. Finally, Hemenway Trust Co LLC raised its position in shares of Amphenol by 3.2% during the 2nd quarter. Hemenway Trust Co LLC now owns 12,005 shares of the electronics maker’s stock valued at $1,150,000 after buying an additional 375 shares during the period. 94.07% of the stock is currently owned by institutional investors and hedge funds.
NYSE:APH opened at $105.76 on Friday. The company has a fifty day simple moving average of $98.16 and a two-hundred day simple moving average of $92.97. The company has a market cap of $31.56 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 4.23 and a beta of 1.27. The company has a quick ratio of 1.82, a current ratio of 2.59 and a debt-to-equity ratio of 0.78. Amphenol Co. has a 52 week low of $63.05 and a 52 week high of $110.24.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.18. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.75 billion. Amphenol had a net margin of 13.56% and a return on equity of 23.39%. During the same quarter in the previous year, the firm posted $0.92 earnings per share. On average, analysts expect that Amphenol Co. will post 3.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th will be paid a $0.25 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. Amphenol’s dividend payout ratio (DPR) is 26.74%.
Several research firms have recently commented on APH. Zacks Investment Research raised shares of Amphenol from a “sell” rating to a “hold” rating and set a $91.00 price target on the stock in a research report on Monday, April 27th. JPMorgan Chase & Co. reduced their price target on shares of Amphenol from $96.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. reissued a “sell” rating on shares of Amphenol in a research report on Tuesday, June 9th. Citigroup boosted their target price on Amphenol from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Royal Bank of Canada boosted their target price on Amphenol from $94.00 to $105.00 and gave the company a “sector perform” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Amphenol presently has a consensus rating of “Hold” and an average target price of $108.50.
In related news, VP Lance E. D’amico sold 7,500 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $94.22, for a total transaction of $706,650.00. Following the completion of the transaction, the vice president now owns 11,000 shares in the company, valued at $1,036,420. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Richard Adam Norwitt sold 325,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $105.12, for a total transaction of $34,164,000.00. Following the transaction, the chief executive officer now owns 200,000 shares of the company’s stock, valued at approximately $21,024,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 469,082 shares of company stock valued at $48,535,741. Insiders own 2.72% of the company’s stock.
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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