OLD National Bancorp IN decreased its position in shares of Amphenol Co. (NYSE:APH) by 9.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,451 shares of the electronics maker’s stock after selling 1,697 shares during the period. OLD National Bancorp IN’s holdings in Amphenol were worth $1,453,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the business. Meadow Creek Investment Management LLC grew its holdings in Amphenol by 4.3% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 13,072 shares of the electronics maker’s stock worth $1,139,000 after acquiring an additional 544 shares in the last quarter. Perennial Advisors LLC grew its holdings in Amphenol by 1.8% during the 2nd quarter. Perennial Advisors LLC now owns 31,944 shares of the electronics maker’s stock worth $2,784,000 after acquiring an additional 550 shares in the last quarter. First Bank & Trust grew its holdings in Amphenol by 6.5% during the 2nd quarter. First Bank & Trust now owns 9,744 shares of the electronics maker’s stock worth $849,000 after acquiring an additional 596 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Amphenol by 1.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 43,001 shares of the electronics maker’s stock worth $3,748,000 after acquiring an additional 630 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Amphenol by 15.0% during the 3rd quarter. Fisher Asset Management LLC now owns 5,360 shares of the electronics maker’s stock worth $504,000 after acquiring an additional 698 shares in the last quarter. 94.45% of the stock is owned by institutional investors.
In other news, VP Richard Gu sold 2,000 shares of Amphenol 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 of the company’s stock, valued at approximately $261,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 165,000 shares of Amphenol stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $93.32, for a total transaction of $15,397,800.00. Following the completion of the transaction, the chief executive officer now directly owns 377,492 shares of the company’s stock, valued at $35,227,553.44. The disclosure for this sale can be found here. Insiders sold a total of 230,713 shares of company stock valued at $21,570,888 over the last ninety days. Company insiders own 2.34% of the company’s stock.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 24th. The electronics maker reported $0.99 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. Amphenol had a net margin of 9.64% and a return on equity of 28.57%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the business posted $0.83 EPS. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Equities analysts forecast that Amphenol Co. will post 3.69 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 10th. Stockholders of record on Monday, September 17th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, September 14th. Amphenol’s dividend payout ratio (DPR) is presently 29.49%.
Several brokerages have weighed in on APH. ValuEngine lowered shares of Amphenol from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Zacks Investment Research lowered shares of Amphenol from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Morgan Stanley decreased their price objective on shares of Amphenol from $102.00 to $100.00 and set an “overweight” rating for the company in a report on Wednesday, October 3rd. Goldman Sachs Group began coverage on shares of Amphenol in a report on Tuesday, October 9th. They set a “neutral” rating for the company. Finally, Stifel Nicolaus raised their price objective on shares of Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company 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.
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