Pearl River Capital LLC grew its stake in shares of Amphenol Co. (NYSE:APH) by 62.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,886 shares of the electronics maker’s stock after buying an additional 2,258 shares during the period. Pearl River Capital LLC’s holdings in Amphenol were worth $564,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jacobi Capital Management LLC acquired a new stake in shares of Amphenol during the second quarter worth about $29,000. Key Financial Inc acquired a new stake in shares of Amphenol during the first quarter worth about $31,000. Shine Investment Advisory Services Inc. raised its position in shares of Amphenol by 75.3% during the first quarter. Shine Investment Advisory Services Inc. now owns 482 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 207 shares during the period. Cognios Capital LLC acquired a new stake in shares of Amphenol during the first quarter worth about $35,000. Finally, FDx Advisors Inc. acquired a new stake in shares of Amphenol during the first quarter worth about $48,000. 94.07% of the stock is currently owned by institutional investors.
A number of research firms have recently commented on APH. Morgan Stanley raised their price target on Amphenol from $101.00 to $106.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Zacks Investment Research raised Amphenol from a “sell” rating to a “hold” rating and set a $91.00 target price on the stock in a research report on Monday, April 27th. Stifel Nicolaus lifted their target price on Amphenol from $80.00 to $95.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. Jefferies Financial Group lifted their target price on Amphenol from $119.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Citigroup lifted their target price on Amphenol from $120.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $108.50.
Shares of NYSE:APH traded down $2.00 during trading on Thursday, hitting $107.14. 26,771 shares of the company were exchanged, compared to its average volume of 1,271,891. The stock has a market cap of $32.57 billion, a price-to-earnings ratio of 29.96, a P/E/G ratio of 4.37 and a beta of 1.29. Amphenol Co. has a fifty-two week low of $63.05 and a fifty-two week high of $111.40. The firm has a fifty day moving average price of $102.85 and a two-hundred day moving average price of $93.06. The company has a current ratio of 2.59, a quick ratio of 1.82 and a debt-to-equity ratio of 0.78.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.18. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.75 billion. Amphenol had a return on equity of 23.39% and a net margin of 13.56%. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, research analysts predict that Amphenol Co. will post 3.32 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Monday, September 14th. Amphenol’s dividend payout ratio (DPR) is 26.74%.
In other news, VP Richard Gu sold 10,000 shares of Amphenol stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $109.73, for a total transaction of $1,097,300.00. Following the completion of the transaction, the vice president now directly owns 11,000 shares in the company, valued at approximately $1,207,030. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lance E. D’amico sold 5,900 shares of Amphenol stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $102.00, for a total value of $601,800.00. Following the transaction, the vice president now owns 11,000 shares of the company’s stock, valued at $1,122,000. The disclosure for this sale can be found here. Insiders have sold a total of 598,082 shares of company stock worth $62,405,101 in the last ninety days. Insiders own 2.72% of the company’s stock.
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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