Machina Capital S.A.S. lifted its holdings in Amphenol Co. (NYSE:APH) by 552.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,542 shares of the electronics maker’s stock after purchasing an additional 14,852 shares during the quarter. Machina Capital S.A.S.’s holdings in Amphenol were worth $1,683,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Amphenol during the fourth quarter valued at about $217,900,000. Deutsche Bank AG boosted its stake in Amphenol by 55.7% during the fourth quarter. Deutsche Bank AG now owns 1,427,282 shares of the electronics maker’s stock valued at $115,634,000 after buying an additional 510,424 shares in the last quarter. First Trust Advisors LP boosted its stake in Amphenol by 138.3% during the first quarter. First Trust Advisors LP now owns 746,249 shares of the electronics maker’s stock valued at $70,476,000 after buying an additional 433,038 shares in the last quarter. Veritas Investment Management LLP boosted its stake in Amphenol by 17,851.7% during the first quarter. Veritas Investment Management LLP now owns 411,095 shares of the electronics maker’s stock valued at $38,822,000 after buying an additional 408,805 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Amphenol by 26.1% during the first quarter. California Public Employees Retirement System now owns 1,916,496 shares of the electronics maker’s stock valued at $180,994,000 after buying an additional 396,274 shares in the last quarter. 93.86% of the stock is owned by institutional investors.
Shares of NYSE:APH traded down $0.58 during midday trading on Tuesday, reaching $95.31. The company had a trading volume of 19,217 shares, compared to its average volume of 1,419,461. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 2.06. Amphenol Co. has a 1-year low of $74.95 and a 1-year high of $105.51. The company has a market capitalization of $28.46 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02. The company has a fifty day simple moving average of $96.32.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be given a $0.25 dividend. This is a positive change from Amphenol’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. Amphenol’s dividend payout ratio (DPR) is 24.40%.
APH has been the subject of several research reports. Longbow Research cut TE Connectivity from a “buy” rating to a “neutral” rating and set a $90.66 target price for the company. in a research note on Monday, June 17th. Morgan Stanley raised their target price on Xilinx from $126.00 to $134.00 and gave the company an “overweight” rating in a research note on Thursday, July 25th. Wells Fargo & Co reaffirmed a “buy” rating and set a $125.00 target price on shares of Tractor Supply in a research note on Thursday, July 25th. ValuEngine raised United States Steel from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 24th. Finally, SunTrust Banks raised their target price on Alliance Data Systems from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $104.41.
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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