Northern Trust Corp lessened its stake in shares of Amphenol Co. (NYSE:APH) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,682,729 shares of the electronics maker’s stock after selling 35,746 shares during the period. Northern Trust Corp owned 1.22% of Amphenol worth $317,194,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new position in shares of Amphenol during the 4th quarter worth about $115,000. Tower Research Capital LLC TRC raised its position in shares of Amphenol by 87.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,369 shares of the electronics maker’s stock worth $120,000 after purchasing an additional 640 shares during the last quarter. Fusion Family Wealth LLC acquired a new position in shares of Amphenol during the 4th quarter worth about $121,000. Wagner Wealth Management LLC acquired a new position in shares of Amphenol during the 4th quarter worth about $127,000. Finally, CENTRAL TRUST Co raised its position in shares of Amphenol by 52.6% during the 4th quarter. CENTRAL TRUST Co now owns 1,915 shares of the electronics maker’s stock worth $168,000 after purchasing an additional 660 shares during the last quarter. Hedge funds and other institutional investors own 95.04% of the company’s stock.
APH stock opened at $87.80 on Friday. The stock has a market capitalization of $26.59 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 2.43 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.80 and a quick ratio of 1.27. Amphenol Co. has a 12 month low of $72.35 and a 12 month high of $93.62.
Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 25th. The electronics maker reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.03. Amphenol had a net margin of 9.45% and a return on equity of 26.65%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $0.71 EPS. Amphenol’s quarterly revenue was up 19.7% on a year-over-year basis. sell-side analysts expect that Amphenol Co. will post 3.52 earnings per share for the current year.
Amphenol announced that its board has authorized a stock repurchase plan on Wednesday, April 25th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Monday, June 18th will be paid a $0.23 dividend. This is a boost from Amphenol’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, June 15th. This represents a $0.92 annualized dividend and a dividend yield of 1.05%. Amphenol’s dividend payout ratio is 24.36%.
Several research analysts recently weighed in on APH shares. Morgan Stanley upped their price target on shares of Amphenol from $90.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 26th. Zacks Investment Research downgraded shares of Amphenol from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. SunTrust Banks reiterated a “hold” rating and issued a $89.00 price objective (up previously from $82.00) on shares of Amphenol in a report on Thursday, January 25th. Finally, ValuEngine upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Amphenol presently has an average rating of “Buy” and an average price target of $92.33.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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, bus bars, and distribution systems; and other connectors.
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