Parametric Portfolio Associates LLC boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 867,372 shares of the electronics maker’s stock after purchasing an additional 32,535 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Amphenol were worth $83,216,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Weaver Consulting Group purchased a new position in Amphenol during the first quarter worth approximately $26,000. Arrow Financial Corp purchased a new position in Amphenol during the second quarter worth approximately $31,000. Thor Advisors LLC purchased a new position in Amphenol during the first quarter worth approximately $32,000. Steward Partners Investment Advisory LLC purchased a new position in Amphenol during the second quarter worth approximately $37,000. Finally, SRS Capital Advisors Inc. purchased a new position in Amphenol during the second quarter worth approximately $40,000. Institutional investors own 93.74% of the company’s stock.
Several equities analysts have recently weighed in on APH shares. Wells Fargo & Co decreased their target price on Amphenol from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Evercore ISI started coverage on Amphenol in a research report on Wednesday, June 5th. They issued an “outperform” rating and a $102.00 target price on the stock. Morgan Stanley decreased their target price on Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Longbow Research downgraded Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 target price on the stock. in a research report on Monday, June 17th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $104.41.
Shares of NYSE APH traded up $0.55 during midday trading on Friday, hitting $94.50. The stock had a trading volume of 1,025,824 shares, compared to its average volume of 1,141,845. The company has a market capitalization of $26.65 billion, a PE ratio of 25.07, a P/E/G ratio of 2.61 and a beta of 1.03. The stock has a 50 day simple moving average of $88.64 and a 200-day simple moving average of $94.23. Amphenol Co. has a 1 year low of $74.95 and a 1 year high of $105.51. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.85.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.01). The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Amphenol had a net margin of 14.54% and a return on equity of 29.08%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.90 EPS. As a group, analysts expect that Amphenol Co. will post 3.58 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Monday, September 16th. This is an increase from Amphenol’s previous quarterly dividend of $0.23. Amphenol’s dividend payout ratio (DPR) is 24.40%.
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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