Rampart Investment Management Company LLC cut its holdings in shares of Amphenol Co. (NYSE:APH) by 6.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,450 shares of the electronics maker’s stock after selling 2,315 shares during the quarter. Rampart Investment Management Company LLC’s holdings in Amphenol were worth $3,497,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in APH. Weaver Consulting Group purchased a new stake in shares of Amphenol during the 1st quarter valued at $26,000. Arrow Financial Corp purchased a new stake in shares of Amphenol during the 2nd quarter valued at $31,000. Thor Advisors LLC purchased a new stake in shares of Amphenol during the 1st quarter valued at $32,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Amphenol during the 2nd quarter valued at $37,000. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Amphenol during the 2nd quarter valued at $40,000. 93.72% of the stock is owned by hedge funds and other institutional investors.
APH has been the subject of several research analyst reports. ValuEngine lowered Amphenol from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Evercore ISI initiated coverage on Amphenol in a research report on Wednesday, June 5th. They set an “outperform” rating and a $102.00 target price for the company. Wells Fargo & Co reaffirmed a “buy” rating on shares of Amphenol in a research report on Monday. Longbow Research lowered Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 target price for the company. in a research report on Monday, June 17th. Finally, Morgan Stanley decreased their target price on Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $104.41.
Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.01). Amphenol had a return on equity of 29.08% and a net margin of 14.54%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period last year, the business posted $0.90 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts expect that Amphenol Co. will post 3.58 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.00 annualized dividend and a yield of 1.05%. This is a positive change from Amphenol’s previous quarterly dividend of $0.23. Amphenol’s dividend payout ratio (DPR) is 24.40%.
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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