Meadow Creek Investment Management LLC grew its stake in Amphenol Co. (NYSE:APH) by 11.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,672 shares of the electronics maker’s stock after purchasing an additional 1,696 shares during the quarter. Meadow Creek Investment Management LLC’s holdings in Amphenol were worth $1,600,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Fiera Capital Corp raised its position in shares of Amphenol by 2.0% in the first quarter. Fiera Capital Corp now owns 5,828 shares of the electronics maker’s stock valued at $551,000 after purchasing an additional 115 shares during the period. Synovus Financial Corp raised its position in shares of Amphenol by 0.6% in the first quarter. Synovus Financial Corp now owns 20,924 shares of the electronics maker’s stock valued at $1,974,000 after purchasing an additional 116 shares during the period. Rehmann Capital Advisory Group raised its position in shares of Amphenol by 7.1% in the first quarter. Rehmann Capital Advisory Group now owns 1,883 shares of the electronics maker’s stock valued at $178,000 after purchasing an additional 125 shares during the period. Flagship Harbor Advisors LLC grew its stake in shares of Amphenol by 33.9% in the second quarter. Flagship Harbor Advisors LLC now owns 518 shares of the electronics maker’s stock valued at $49,000 after acquiring an additional 131 shares in the last quarter. Finally, Cornerstone Advisors Inc. grew its stake in shares of Amphenol by 36.4% in the first quarter. Cornerstone Advisors Inc. now owns 517 shares of the electronics maker’s stock valued at $49,000 after acquiring an additional 138 shares in the last quarter. 93.74% of the stock is currently owned by institutional investors.
APH has been the topic of several research reports. Evercore ISI initiated coverage on shares of Amphenol in a research note on Wednesday, June 5th. They issued an “outperform” rating and a $102.00 price target on the stock. ValuEngine downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Morgan Stanley decreased their price target on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Longbow Research downgraded shares of Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 price target on the stock. in a research note on Monday, June 17th. Finally, Wells Fargo & Co decreased their price target on shares of Amphenol from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Amphenol currently has a consensus rating of “Buy” and an average target price of $104.41.
Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.01). The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. Amphenol had a net margin of 14.54% and a return on equity of 29.08%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.90 earnings per share. On average, research analysts forecast that Amphenol Co. will post 3.58 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. This is an increase from Amphenol’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 16th. 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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