Strs Ohio decreased its position in Amphenol Co. (NYSE:APH) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 705,475 shares of the electronics maker’s stock after selling 431 shares during the quarter. Strs Ohio owned 0.24% of Amphenol worth $68,078,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APH. Nuveen Asset Management LLC grew its holdings in Amphenol by 1,292.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,644,210 shares of the electronics maker’s stock worth $157,745,000 after acquiring an additional 1,526,113 shares during the last quarter. Cibc World Markets Corp boosted its stake in shares of Amphenol by 19.0% during 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 last quarter. Barings LLC boosted its stake in shares of Amphenol by 67.7% during 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 last quarter. Chicago Capital LLC boosted its stake in shares of Amphenol by 53.6% during 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 last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Amphenol during the second quarter valued at $6,635,000. 93.67% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently commented on APH shares. Wells Fargo & Co reaffirmed a “buy” rating on shares of Amphenol in a research note on Monday, September 16th. Morgan Stanley dropped their target price on Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Finally, ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target 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 the consensus estimate of $0.93 by ($0.01). Amphenol had a net margin of 14.54% and a return on equity of 29.08%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company earned $0.90 EPS. Amphenol’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities research analysts expect that Amphenol Co. will post 3.58 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Monday, September 16th. This is a boost from Amphenol’s previous quarterly dividend of $0.23. Amphenol’s dividend payout ratio is 26.53%.
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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