Gateway Investment Advisers LLC trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 64.1% in the third quarter, Holdings Channel.com reports. The firm owned 4,801 shares of the electronics maker’s stock after selling 8,579 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Amphenol were worth $463,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Nuveen Asset Management LLC increased its stake in Amphenol by 1,292.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,644,210 shares of the electronics maker’s stock worth $157,745,000 after purchasing an additional 1,526,113 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Amphenol by 68.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,590,403 shares of the electronics maker’s stock worth $344,463,000 after acquiring an additional 1,461,054 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of Amphenol by 26.9% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 2,310,173 shares of the electronics maker’s stock worth $221,639,000 after acquiring an additional 489,283 shares in the last quarter. BlackRock Inc. grew its stake in shares of Amphenol by 2.0% during the 2nd quarter. BlackRock Inc. now owns 22,903,031 shares of the electronics maker’s stock worth $2,197,317,000 after acquiring an additional 456,490 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Amphenol by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 32,440,400 shares of the electronics maker’s stock worth $3,112,332,000 after acquiring an additional 398,014 shares in the last quarter. 93.74% of the stock is owned by institutional investors and hedge funds.
APH has been the subject of several research reports. Wells Fargo & Co reaffirmed a “buy” rating on shares of Amphenol in a research note on Monday, September 16th. Morgan Stanley decreased their price target on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Finally, ValuEngine cut shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Amphenol presently has an average rating of “Buy” and an average target price of $103.90.
Amphenol (NYSE:APH) last issued its quarterly earnings results 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). The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. Amphenol had a return on equity of 29.08% and a net margin of 14.54%. Amphenol’s revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 earnings per share. On average, sell-side analysts anticipate that Amphenol Co. will post 3.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.25 per share. This is a boost from Amphenol’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Monday, September 16th. Amphenol’s dividend payout ratio (DPR) is currently 26.53%.
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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