Bessemer Group Inc. decreased its holdings in Amphenol Co. (NYSE:APH) by 82.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,749 shares of the electronics maker’s stock after selling 61,430 shares during the period. Bessemer Group Inc.’s holdings in Amphenol were worth $1,033,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Chicago Equity Partners LLC acquired a new position in Amphenol in the 3rd quarter valued at $724,000. ING Groep NV acquired a new position in Amphenol in the 3rd quarter valued at $3,394,000. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Amphenol by 0.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,027,389 shares of the electronics maker’s stock valued at $96,595,000 after buying an additional 6,160 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Amphenol by 5.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,586,588 shares of the electronics maker’s stock valued at $713,292,000 after buying an additional 415,589 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in Amphenol by 0.7% in the 3rd quarter. Toronto Dominion Bank now owns 199,282 shares of the electronics maker’s stock valued at $18,733,000 after buying an additional 1,389 shares in the last quarter. 95.43% of the stock is owned by institutional investors.
A number of research analysts have commented on APH shares. Zacks Investment Research lowered Amphenol from a “buy” rating to a “hold” rating in a report on Monday, November 19th. ValuEngine lowered Amphenol from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Finally, Bank of America reissued a “buy” rating and set a $107.00 target price (up from $103.00) on shares of Amphenol in a report on Thursday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $104.00.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 23rd. The electronics maker reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.07. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.09 billion. Amphenol had a return on equity of 29.82% and a net margin of 14.69%. Amphenol’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS. Equities analysts forecast that Amphenol Co. will post 3.95 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 24.40%.
In other news, VP Jean-Luc Gavelle sold 31,000 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $94.00, for a total transaction of $2,914,000.00. Following the sale, the vice president now directly owns 31,000 shares of the company’s stock, valued at approximately $2,914,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $95.42, for a total value of $954,200.00. Following the completion of the sale, the vice president now directly owns 12,000 shares in the company, valued at $1,145,040. The disclosure for this sale can be found here. Over the last three months, insiders have sold 52,000 shares of company stock worth $4,916,500. 2.34% of the stock is currently owned by insiders.
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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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