Cribstone Capital Management LLC lowered its position in Amphenol Co. (NYSE:APH) by 28.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 644 shares of the electronics maker’s stock after selling 250 shares during the period. Cribstone Capital Management LLC’s holdings in Amphenol were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. NuWave Investment Management LLC raised its stake in shares of Amphenol by 36.3% during the first quarter. NuWave Investment Management LLC now owns 5,724 shares of the electronics maker’s stock valued at $540,000 after acquiring an additional 1,524 shares in the last quarter. Harvey Investment Co. LLC purchased a new position in Amphenol during the first quarter valued at approximately $300,000. Moody National Bank Trust Division increased its holdings in Amphenol by 103.9% during the first quarter. Moody National Bank Trust Division now owns 471 shares of the electronics maker’s stock valued at $44,000 after buying an additional 240 shares during the period. Trust Co. of Oklahoma increased its holdings in Amphenol by 13.4% during the first quarter. Trust Co. of Oklahoma now owns 8,143 shares of the electronics maker’s stock valued at $769,000 after buying an additional 965 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Amphenol by 6,976.7% in the first quarter. Pacer Advisors Inc. now owns 25,547 shares of the electronics maker’s stock worth $2,412,000 after purchasing an additional 25,186 shares during the last quarter. 96.31% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Amphenol from a “buy” rating to a “hold” rating in a report on Thursday, January 31st. SunTrust Banks raised shares of Amphenol from a “hold” rating to a “buy” rating and lifted their price target for the stock from $89.00 to $112.00 in a report on Tuesday, April 2nd. Bank of America reissued a “buy” rating and set a $107.00 price objective (up from $103.00) on shares of Amphenol in a report on Thursday, February 7th. ValuEngine raised shares of Amphenol from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Finally, Wells Fargo & Co set a $105.00 price objective on shares of Amphenol and gave the company a “buy” rating in a report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $105.29.
Shares of APH traded up $1.05 during trading hours on Thursday, reaching $102.92. 686,619 shares of the company traded hands, compared to its average volume of 1,206,857. The firm has a market capitalization of $30.37 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 2.31 and a beta of 0.90. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.87 and a quick ratio of 1.36. Amphenol Co. has a 12-month low of $74.95 and a 12-month high of $102.97.
Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 23rd. The electronics maker reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.07. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.09 billion. Amphenol had a net margin of 14.69% and a return on equity of 29.82%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 earnings per share. As a group, research analysts anticipate that Amphenol Co. will post 3.95 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a dividend of $0.23 per share. The ex-dividend date was Monday, March 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.89%. Amphenol’s dividend payout ratio is presently 24.40%.
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets 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, busbars, and distribution systems; and other connectors.
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