Nomura Asset Management Co. Ltd. raised its holdings in Amphenol Co. (NYSE:APH) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,024 shares of the electronics maker’s stock after acquiring an additional 1,467 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Amphenol were worth $3,602,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Dupont Capital Management Corp acquired a new stake in Amphenol in the fourth quarter valued at approximately $115,000. Tower Research Capital LLC TRC lifted its stake in Amphenol by 87.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,369 shares of the electronics maker’s stock valued at $120,000 after acquiring an additional 640 shares during the last quarter. Fusion Family Wealth LLC acquired a new stake in Amphenol in the fourth quarter valued at approximately $121,000. CENTRAL TRUST Co lifted its stake in Amphenol by 52.6% in the fourth quarter. CENTRAL TRUST Co now owns 1,915 shares of the electronics maker’s stock valued at $168,000 after acquiring an additional 660 shares during the last quarter. Finally, Zions Bancorporation acquired a new stake in Amphenol in the third quarter valued at approximately $169,000. Hedge funds and other institutional investors own 96.70% of the company’s stock.
In related news, VP Lance E. D’amico sold 10,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $92.07, for a total transaction of $920,700.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John R. Lord sold 2,000 shares of the business’s stock in a transaction on Sunday, September 2nd. The stock was sold at an average price of $62.47, for a total transaction of $124,940.00. Following the transaction, the director now directly owns 38,677 shares in the company, valued at approximately $2,416,152.19. The disclosure for this sale can be found here. Company insiders own 2.51% of the company’s stock.
A number of analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Amphenol from $87.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Cowen reiterated a “buy” rating and issued a $105.00 target price on shares of Amphenol in a research note on Wednesday, January 10th. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Wednesday, January 10th. Finally, SunTrust Banks reissued a “hold” rating and issued a $89.00 price target (up previously from $82.00) on shares of Amphenol in a research report on Thursday, January 25th. Six analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $92.00.
Amphenol Co. (NYSE:APH) opened at $92.51 on Wednesday. Amphenol Co. has a 52-week low of $68.57 and a 52-week high of $93.62. The company has a market cap of $28,306.13, a P/E ratio of 45.13, a PEG ratio of 2.72 and a beta of 0.81. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.95 and a quick ratio of 2.25.
Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. Amphenol had a net margin of 9.28% and a return on equity of 26.09%. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. sell-side analysts forecast that Amphenol Co. will post 3.45 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Monday, March 19th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, March 16th. Amphenol’s dividend payout ratio is 37.07%.
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.
Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Co. (NYSE:APH).
Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.