Amphenol Co. (APH) Stake Lifted by DnB Asset Management AS
DnB Asset Management AS lifted its position in shares of Amphenol Co. (NYSE:APH) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,138 shares of the electronics maker’s stock after purchasing an additional 2,100 shares during the period. DnB Asset Management AS’s holdings in Amphenol were worth $4,139,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. bought a new stake in shares of Amphenol during the 3rd quarter worth about $3,008,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Amphenol during the 2nd quarter worth about $392,000. Whittier Trust Co. boosted 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 period. Chevy Chase Trust Holdings Inc. boosted its holdings in shares of Amphenol by 1.3% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 268,024 shares of the electronics maker’s stock worth $22,685,000 after buying an additional 3,402 shares during the period. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of Amphenol during the 3rd quarter worth about $13,263,000. Institutional investors own 96.55% of the company’s stock.
Shares of Amphenol Co. (NYSE APH) opened at $91.83 on Friday. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.87. The stock has a market cap of $27,721.74, a PE ratio of 28.82, a price-to-earnings-growth ratio of 2.38 and a beta of 0.81. Amphenol Co. has a twelve month low of $66.00 and a twelve month high of $91.94.
Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. The firm 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 business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 EPS. equities research analysts expect that Amphenol Co. will post 3.21 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Monday, December 18th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Friday, December 15th. Amphenol’s dividend payout ratio is currently 24.20%.
APH has been the subject of several research analyst reports. Deutsche Bank reaffirmed a “buy” rating and set a $95.00 target price (up previously from $80.00) on shares of Amphenol in a report on Thursday, October 5th. Zacks Investment Research raised shares of Amphenol from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a report on Monday, October 2nd. Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating in a report on Friday, September 29th. Cowen reaffirmed a “buy” rating and set a $105.00 target price on shares of Amphenol in a report on Wednesday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $85.00 target price on shares of Amphenol in a report on Wednesday, December 13th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $89.60.
In other Amphenol news, CFO Craig A. Lampo sold 10,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $89.51, for a total value of $895,100.00. Following the completion of the sale, the chief financial officer now owns 35,000 shares of the company’s stock, valued at approximately $3,132,850. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diana G. Reardon sold 503,000 shares of the business’s stock in a transaction dated 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 disclosure for this sale can be found here. Insiders sold a total of 849,000 shares of company stock valued at $75,518,690 in the last three months. Insiders own 2.51% of the company’s stock.
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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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