Crossmark Global Holdings Inc. lifted its position in Amphenol Co. (NYSE:APH) by 111.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 46,169 shares of the electronics maker’s stock after buying an additional 24,309 shares during the period. Crossmark Global Holdings Inc.’s holdings in Amphenol were worth $4,360,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in APH. Oregon Public Employees Retirement Fund increased its holdings in shares of Amphenol by 7,553.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,489,267 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 5,417,547 shares during the period. Norges Bank bought a new position in shares of Amphenol in the fourth quarter worth $217,900,000. FMR LLC increased its stake in Amphenol by 6.4% in the fourth quarter. FMR LLC now owns 41,896,298 shares of the electronics maker’s stock valued at $3,394,437,000 after acquiring an additional 2,534,967 shares during the last quarter. BlackRock Inc. increased its stake in Amphenol by 4.7% in the fourth quarter. BlackRock Inc. now owns 22,227,823 shares of the electronics maker’s stock valued at $1,800,898,000 after acquiring an additional 989,348 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Amphenol by 139.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 950,454 shares of the electronics maker’s stock valued at $77,006,000 after acquiring an additional 553,909 shares during the last quarter. 95.92% of the stock is currently owned by hedge funds and other institutional investors.
APH opened at $94.57 on Thursday. The firm has a market capitalization of $29.88 billion, a P/E ratio of 25.08, a PEG ratio of 2.39 and a beta of 0.91. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.85. Amphenol Co. has a 52 week low of $74.95 and a 52 week high of $105.51.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 24th. The electronics maker reported $0.89 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Amphenol had a return on equity of 29.75% and a net margin of 14.55%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. As a group, sell-side analysts anticipate that Amphenol Co. will post 3.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Shareholders of record on Wednesday, June 19th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.92 annualized dividend and a yield of 0.97%. Amphenol’s payout ratio is 24.40%.
In other Amphenol news, VP Jean-Luc Gavelle sold 31,000 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $94.00, for a total transaction of $2,914,000.00. Following the completion of the sale, the vice president now directly owns 31,000 shares in the company, valued at $2,914,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Richard Adam Norwitt sold 430,000 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $99.46, for a total transaction of $42,767,800.00. Following the sale, the chief executive officer now owns 200,000 shares of the company’s stock, valued at $19,892,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 886,505 shares of company stock valued at $88,065,603. Company insiders own 2.60% of the company’s stock.
APH has been the topic of a number of research analyst reports. ValuEngine raised Amphenol from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. SunTrust Banks raised Amphenol from a “hold” rating to a “buy” rating and increased their target price for the company from $89.00 to $112.00 in a research note on Tuesday, April 2nd. Wells Fargo & Co set a $105.00 target price on Amphenol and gave the company a “buy” rating in a research note on Monday, March 18th. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Wednesday, February 13th. Finally, Bank of America reissued a “buy” rating and issued a $107.00 target price (up previously from $103.00) on shares of Amphenol in a research note on Thursday, February 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $105.29.
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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