JPMorgan Chase & Co. Grows Stake in Amphenol Co. (APH)
JPMorgan Chase & Co. grew its holdings in shares of Amphenol Co. (NYSE:APH) by 5.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,586,588 shares of the electronics maker’s stock after purchasing an additional 415,589 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.52% of Amphenol worth $713,292,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in APH. State of Alaska Department of Revenue raised its holdings in Amphenol by 16.1% in the second quarter. State of Alaska Department of Revenue now owns 53,361 shares of the electronics maker’s stock worth $4,649,000 after purchasing an additional 7,390 shares during the period. Xact Kapitalforvaltning AB raised its holdings in Amphenol by 10.3% in the second quarter. Xact Kapitalforvaltning AB now owns 89,545 shares of the electronics maker’s stock worth $7,804,000 after purchasing an additional 8,360 shares during the period. Atria Investments LLC raised its holdings in Amphenol by 10.8% in the second quarter. Atria Investments LLC now owns 17,045 shares of the electronics maker’s stock worth $1,485,000 after purchasing an additional 1,667 shares during the period. Rathbone Brothers plc raised its holdings in Amphenol by 11.3% in the second quarter. Rathbone Brothers plc now owns 369,500 shares of the electronics maker’s stock worth $32,202,000 after purchasing an additional 37,500 shares during the period. Finally, Macguire Cheswick & Tuttle Investment Counsel LLC raised its holdings in Amphenol by 0.6% in the second quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 188,792 shares of the electronics maker’s stock worth $16,453,000 after purchasing an additional 1,115 shares during the period. 94.08% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:APH opened at $88.45 on Tuesday. Amphenol Co. has a 12 month low of $80.42 and a 12 month high of $97.56. The company has a current ratio of 1.68, a quick ratio of 1.19 and a debt-to-equity ratio of 0.61. The firm has a market cap of $27.46 billion, a P/E ratio of 25.32, a P/E/G ratio of 2.07 and a beta of 0.88.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 8th. Investors of record on Monday, December 17th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, December 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.04%. Amphenol’s payout ratio is 29.49%.
In other Amphenol news, VP David M. Silverman sold 7,500 shares of Amphenol stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $95.51, for a total value of $716,325.00. Following the sale, the vice president now directly owns 7,500 shares in the company, valued at approximately $716,325. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard Gu sold 2,000 shares of Amphenol stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $87.00, for a total transaction of $174,000.00. Following the completion of the sale, the vice president now owns 3,000 shares in the company, valued at $261,000. The disclosure for this sale can be found here. 2.34% of the stock is currently owned by insiders.
APH has been the topic of several analyst reports. Goldman Sachs Group upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 target price on the stock in a report on Tuesday, October 9th. Morgan Stanley upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $95.00 to $102.00 in a report on Thursday, August 9th. Zacks Investment Research lowered shares of Amphenol from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine lowered shares of Amphenol from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Stifel Nicolaus raised their price objective on shares of Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Amphenol has an average rating of “Buy” and a consensus target price of $98.00.
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Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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, bus bars, and distribution systems; and other connectors.
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