First National Bank of Mount Dora Trust Investment Services decreased its position in Amphenol Co. (NYSE:APH) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,621 shares of the electronics maker’s stock after selling 1,000 shares during the quarter. First National Bank of Mount Dora Trust Investment Services’ holdings in Amphenol were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in APH. Lenox Wealth Advisors LLC grew its holdings in Amphenol by 82.2% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 266 shares of the electronics maker’s stock valued at $26,000 after buying an additional 120 shares during the period. Price Capital Management Inc. acquired a new stake in shares of Amphenol during the 4th quarter valued at $54,000. Bourgeon Capital Management LLC acquired a new stake in shares of Amphenol during the 3rd quarter valued at $61,000. Quest Capital Management Inc. ADV purchased a new position in shares of Amphenol during the 3rd quarter valued at $73,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Amphenol by 16.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 965 shares of the electronics maker’s stock valued at $93,000 after acquiring an additional 133 shares in the last quarter. 94.34% of the stock is owned by hedge funds and other institutional investors.
In other Amphenol news, Director Stanley L. Clark sold 4,860 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $102.95, for a total value of $500,337.00. Following the transaction, the director now directly owns 25,271 shares in the company, valued at $2,601,649.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP William J. Doherty sold 72,334 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $100.68, for a total transaction of $7,282,587.12. Following the transaction, the senior vice president now directly owns 10,400 shares of the company’s stock, valued at $1,047,072. The disclosure for this sale can be found here. In the last ninety days, insiders sold 245,994 shares of company stock worth $25,155,902. Insiders own 2.60% of the company’s stock.
Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2 billion. Amphenol had a return on equity of 27.42% and a net margin of 14.04%. The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. Analysts forecast that Amphenol Co. will post 3.8 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. Amphenol’s dividend payout ratio (DPR) is presently 26.74%.
A number of research analysts have commented on the company. Jefferies Financial Group assumed coverage on Amphenol in a research note on Monday, December 16th. They issued a “buy” rating and a $125.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Amphenol in a research note on Tuesday, October 22nd. They set a “neutral” rating and a $104.00 price target for the company. Morgan Stanley lifted their price target on Amphenol from $104.00 to $112.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Evercore ISI reissued a “buy” rating and issued a $120.00 price target on shares of Amphenol in a research note on Thursday. Finally, Royal Bank of Canada initiated coverage on Amphenol in a report on Tuesday, December 17th. They issued a “sector perform” rating and a $110.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $109.23.
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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