Nisa Investment Advisors LLC reduced its position in Amphenol Co. (NYSE:APH) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,240 shares of the electronics maker’s stock after selling 2,900 shares during the period. Nisa Investment Advisors LLC’s holdings in Amphenol were worth $13,454,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC increased its stake in Amphenol by 1,662.5% during the second quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock worth $782,311,000 after acquiring an additional 9,996,239 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Amphenol by 53.5% during the second quarter. UBS Asset Management Americas Inc. now owns 2,663,455 shares of the electronics maker’s stock worth $196,616,000 after acquiring an additional 928,733 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in Amphenol by 345.8% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,041,687 shares of the electronics maker’s stock worth $88,168,000 after acquiring an additional 808,015 shares during the last quarter. Vanguard Group Inc. increased its stake in Amphenol by 2.6% during the second quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock worth $2,255,957,000 after acquiring an additional 765,862 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in Amphenol by 31.7% during the second quarter. Capital Research Global Investors now owns 3,170,204 shares of the electronics maker’s stock worth $234,024,000 after acquiring an additional 762,494 shares during the last quarter. Institutional investors own 96.55% of the company’s stock.
Several equities research analysts have weighed in on the company. Cowen reissued a “buy” rating and set a $105.00 price objective on shares of Amphenol in a research note on Wednesday. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a research note on Wednesday. Deutsche Bank boosted their price objective on Amphenol from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating in a research note on Friday, September 29th. Finally, Canaccord Genuity reissued a “hold” rating on shares of Amphenol in a research note on Monday, October 16th. Five analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $89.60.
In other news, CFO Craig A. Lampo sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $89.51, for a total transaction of $895,100.00. Following the transaction, the chief financial officer now owns 35,000 shares of the company’s stock, valued at $3,132,850. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Diana G. Reardon sold 503,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total value of $45,637,190.00. Following the transaction, the director now directly owns 260,000 shares in the company, valued at approximately $23,589,800. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 849,000 shares of company stock worth $75,518,690. Insiders own 2.51% of the company’s stock.
Amphenol Co. (NYSE:APH) opened at $91.83 on Friday. The company has a market capitalization of $28,039.28, a P/E ratio of 29.15, a PEG ratio of 2.41 and a beta of 0.81. Amphenol Co. has a 52 week low of $66.00 and a 52 week high of $91.94. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. sell-side analysts forecast that Amphenol Co. will post 3.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.83%. Amphenol’s dividend payout ratio is 24.20%.
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Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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