Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Amphenol Co. (NYSE:APH) by 54.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 332,936 shares of the electronics maker’s stock after selling 395,009 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.11% of Amphenol worth $31,303,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rampart Investment Management Company LLC lifted its holdings in Amphenol by 8.2% in the second quarter. Rampart Investment Management Company LLC now owns 54,890 shares of the electronics maker’s stock worth $4,784,000 after purchasing an additional 4,139 shares during the period. Meadow Creek Investment Management LLC lifted its holdings in Amphenol by 4.3% in the second quarter. Meadow Creek Investment Management LLC now owns 13,072 shares of the electronics maker’s stock worth $1,139,000 after purchasing an additional 544 shares during the period. Capital Fund Management S.A. lifted its holdings in Amphenol by 38.7% in the second quarter. Capital Fund Management S.A. now owns 25,312 shares of the electronics maker’s stock worth $2,206,000 after purchasing an additional 7,069 shares during the period. Whittier Trust Co. lifted its holdings in Amphenol by 2.4% in the 3rd quarter. Whittier Trust Co. now owns 109,654 shares of the electronics maker’s stock valued at $10,310,000 after acquiring an additional 2,610 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Amphenol by 2.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 34,602 shares of the electronics maker’s stock valued at $3,016,000 after acquiring an additional 960 shares during the last quarter. 94.46% of the stock is owned by institutional investors.
APH has been the subject of a number of research analyst reports. Morgan Stanley raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $95.00 to $102.00 in a report on Thursday, August 9th. Goldman Sachs Group raised shares of Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 price target for the company in a report on Tuesday, October 9th. Zacks Investment Research downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Finally, ValuEngine downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $98.67.
NYSE APH traded down $3.26 on Thursday, hitting $82.39. 56,470 shares of the company were exchanged, compared to its average volume of 1,437,188. 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 company has a market cap of $25.81 billion, a PE ratio of 26.44, a PEG ratio of 1.95 and a beta of 0.86. Amphenol Co. has a twelve month low of $80.42 and a twelve month high of $97.56.
Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.06. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.02 billion. Amphenol had a return on equity of 28.57% and a net margin of 9.64%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS. Research analysts forecast that Amphenol Co. will post 3.7 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 8th. Stockholders of record on Monday, December 17th will be issued a $0.23 dividend. The ex-dividend date is Friday, December 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.12%. Amphenol’s dividend payout ratio is 29.49%.
In related news, VP Richard Gu sold 2,000 shares of the stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $87.00, for a total value of $174,000.00. Following the transaction, the vice president now owns 3,000 shares in the company, valued at $261,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.51% of the stock is owned by corporate insiders.
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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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