Gulf International Bank UK Ltd trimmed its position in Amphenol Co. (NYSE:APH) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,405 shares of the electronics maker’s stock after selling 694 shares during the period. Gulf International Bank UK Ltd’s holdings in Amphenol were worth $6,504,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the business. Nuveen Asset Management LLC raised its position in shares of Amphenol by 1,292.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,644,210 shares of the electronics maker’s stock valued at $157,745,000 after buying an additional 1,526,113 shares in the last quarter. Cibc World Markets Corp increased its position in shares of Amphenol by 19.0% in the second quarter. Cibc World Markets Corp now owns 86,885 shares of the electronics maker’s stock valued at $8,336,000 after acquiring an additional 13,892 shares during the period. Barings LLC increased its position in shares of Amphenol by 67.7% in the second quarter. Barings LLC now owns 9,119 shares of the electronics maker’s stock valued at $875,000 after acquiring an additional 3,682 shares during the period. Chicago Capital LLC increased its position in shares of Amphenol by 53.6% in the second quarter. Chicago Capital LLC now owns 8,600 shares of the electronics maker’s stock valued at $825,000 after acquiring an additional 3,000 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new position in shares of Amphenol in the second quarter valued at about $6,635,000. 93.72% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the stock. Wells Fargo & Co restated a “buy” rating on shares of Amphenol in a research report on Monday, September 16th. ValuEngine cut shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Morgan Stanley decreased their price objective on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Finally, Longbow Research cut shares of Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 price objective on the stock. in a research report on Monday, June 17th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $103.90.
Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 24th. The electronics maker reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.01). The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. Amphenol had a net margin of 14.54% and a return on equity of 29.08%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.90 EPS. On average, research analysts forecast that Amphenol Co. will post 3.58 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.25 per share. This is a positive change from Amphenol’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. Amphenol’s payout ratio is presently 26.53%.
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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