Amphenol Corporation (APH) Stake Lessened by Madison Investment Holdings Inc.
Madison Investment Holdings Inc. lowered its position in shares of Amphenol Corporation (NYSE:APH) by 23.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 288,542 shares of the electronics maker’s stock after selling 90,409 shares during the period. Madison Investment Holdings Inc. owned approximately 0.09% of Amphenol worth $24,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new stake in shares of Amphenol during the 3rd quarter worth approximately $3,008,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Amphenol during the 2nd quarter worth approximately $392,000. Whittier Trust Co. increased its holdings in shares of Amphenol by 3,390.3% during the 3rd quarter. Whittier Trust Co. now owns 89,352 shares of the electronics maker’s stock worth $7,563,000 after buying an additional 86,792 shares during the last quarter. Marvin & Palmer Associates Inc. increased its holdings in shares of Amphenol by 27.0% during the 2nd quarter. Marvin & Palmer Associates Inc. now owns 60,505 shares of the electronics maker’s stock worth $4,466,000 after buying an additional 12,855 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its holdings in shares of Amphenol by 14.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 431,534 shares of the electronics maker’s stock worth $31,855,000 after buying an additional 52,976 shares during the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.
Several analysts recently weighed in on APH shares. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Thursday, September 7th. Bank of America upgraded shares of Amphenol from a “neutral” rating to a “buy” rating in a report on Friday, September 29th. Deutsche Bank reiterated a “buy” rating and issued a $95.00 target price (up previously from $80.00) on shares of Amphenol in a report on Thursday, October 5th. Finally, Morgan Stanley lifted their target price on shares of Amphenol from $74.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $87.90.
In other news, Director Diana G. Reardon sold 503,000 shares of Amphenol stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total transaction of $45,637,190.00. Following the completion of the sale, the director now directly owns 260,000 shares of the company’s stock, valued at approximately $23,589,800. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jean-Luc Gavelle sold 88,000 shares of Amphenol stock in a transaction on Friday, October 27th. The stock was sold at an average price of $86.37, for a total transaction of $7,600,560.00. Following the sale, the vice president now directly owns 48,000 shares of the company’s stock, valued at $4,145,760. The disclosure for this sale can be found here. In the last 90 days, insiders sold 849,000 shares of company stock valued at $75,518,690. Insiders own 2.51% of the company’s stock.
Amphenol Corporation (NYSE:APH) opened at $89.34 on Monday. The company has a market cap of $27,278.99, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 2.51 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27. Amphenol Corporation has a 12 month low of $66.00 and a 12 month high of $91.26.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. Amphenol had a net margin of 14.73% and a return on equity of 25.63%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. sell-side analysts forecast that Amphenol Corporation will post 3.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Monday, December 18th will be paid a $0.19 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.85%. Amphenol’s dividend payout ratio (DPR) is 24.20%.
Amphenol Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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