First Trust Advisors LP boosted its stake in Amphenol Co. (NYSE:APH) by 20.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 499,056 shares of the electronics maker’s stock after purchasing an additional 84,386 shares during the quarter. First Trust Advisors LP’s holdings in Amphenol were worth $46,921,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bartlett & Co. LLC bought a new position in Amphenol in the 3rd quarter worth about $110,000. Braun Bostich & Associates Inc. boosted its stake in Amphenol by 1,407.1% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,281 shares of the electronics maker’s stock worth $112,000 after purchasing an additional 1,196 shares during the period. Landaas & Co. WI ADV bought a new position in Amphenol in the 2nd quarter worth about $113,000. AdvisorNet Financial Inc boosted its stake in Amphenol by 236.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,341 shares of the electronics maker’s stock worth $117,000 after purchasing an additional 942 shares during the period. Finally, Fort L.P. bought a new position in Amphenol in the 2nd quarter worth about $119,000. Institutional investors and hedge funds own 94.45% of the company’s stock.
Several research analysts have commented on the company. ValuEngine upgraded Amphenol from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded Amphenol from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Friday, October 26th. Goldman Sachs Group assumed coverage on Amphenol in a research note on Tuesday, October 9th. They issued a “neutral” rating for the company. Morgan Stanley cut their target price on Amphenol from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, October 3rd. Finally, Stifel Nicolaus raised their target price on Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $98.00.
Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.02 billion. Amphenol had a return on equity of 28.57% and a net margin of 9.64%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the company posted $0.83 EPS. On average, equities analysts forecast that Amphenol Co. will post 3.69 earnings per share 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 given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, September 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.04%. Amphenol’s dividend payout ratio (DPR) is presently 29.49%.
In other news, VP David M. Silverman sold 7,500 shares of Amphenol stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $95.51, for a total transaction of $716,325.00. Following the completion of the sale, the vice president now owns 7,500 shares in the company, valued at approximately $716,325. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP William J. Doherty sold 19,200 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $94.57, for a total value of $1,815,744.00. Following the transaction, the vice president now directly owns 8,800 shares in the company, valued at $832,216. The disclosure for this sale can be found here. In the last quarter, insiders have sold 65,713 shares of company stock valued at $6,173,088. Corporate insiders own 2.34% of the company’s stock.
Amphenol Company Profile
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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