Russell Investments Group Ltd. grew its stake in shares of Amphenol Co. (NYSE:APH) by 33.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 181,271 shares of the electronics maker’s stock after purchasing an additional 45,148 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Amphenol worth $17,032,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of APH. Bartlett & Co. LLC bought a new position in shares of Amphenol during the third quarter valued at approximately $110,000. Braun Bostich & Associates Inc. grew its holdings in shares of Amphenol by 1,407.1% during the second quarter. Braun Bostich & Associates Inc. now owns 1,281 shares of the electronics maker’s stock valued at $112,000 after purchasing an additional 1,196 shares during the last quarter. Landaas & Co. WI ADV bought a new position in shares of Amphenol during the second quarter valued at approximately $113,000. AdvisorNet Financial Inc grew its holdings in shares of Amphenol by 236.1% during the second quarter. AdvisorNet Financial Inc now owns 1,341 shares of the electronics maker’s stock valued at $117,000 after purchasing an additional 942 shares during the last quarter. Finally, Fort L.P. acquired a new position in shares of Amphenol during the second quarter worth approximately $119,000. 94.00% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on APH shares. Morgan Stanley reduced their price objective on Amphenol from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, October 3rd. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Goldman Sachs Group upgraded Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 price objective for the company in a research report on Tuesday, October 9th. Finally, Stifel Nicolaus boosted their price objective on Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $98.00.
Shares of NYSE APH opened at $91.14 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.68 and a quick ratio of 1.19. The company has a market cap of $27.70 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 2.09 and a beta of 0.88. Amphenol Co. has a 12-month low of $80.42 and a 12-month high of $97.56.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.06. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.02 billion. Amphenol had a return on equity of 28.57% and a net margin of 9.64%. The business’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, analysts predict that Amphenol Co. will post 3.7 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 8th. Shareholders of record on Monday, December 17th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, December 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.01%. Amphenol’s dividend payout ratio (DPR) is 29.49%.
In other Amphenol news, VP Richard Gu sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $87.00, for a total value of $174,000.00. Following the completion of the sale, the vice president now directly owns 3,000 shares in the company, valued at $261,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $95.51, for a total value of $716,325.00. Following the completion of the sale, the vice president now owns 7,500 shares of the company’s stock, valued at $716,325. The disclosure for this sale can be found here. Corporate insiders own 2.51% of the company’s stock.
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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