Amphenol Corporation $APH Stock Holdings Increased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its position in shares of Amphenol Corporation (NYSE:APH) by 113.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,771 shares of the electronics maker’s stock after acquiring an additional 51,530 shares during the period. Fulcrum Asset Management LLP’s holdings in Amphenol were worth $8,162,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in APH. Corient Private Wealth LP grew its holdings in Amphenol by 3,010.0% in the 2nd quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker’s stock valued at $2,898,248,000 after buying an additional 15,908,901 shares in the last quarter. State Street Corp lifted its holdings in shares of Amphenol by 24.2% during the second quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock worth $12,107,146,000 after buying an additional 13,884,641 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of Amphenol during the second quarter worth $1,600,531,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Amphenol by 90.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 7,900,956 shares of the electronics maker’s stock valued at $666,051,000 after acquiring an additional 3,761,224 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Amphenol by 132.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,610,411 shares of the electronics maker’s stock valued at $309,304,000 after acquiring an additional 2,054,660 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Evercore set a $100.00 price target on shares of Amphenol in a research note on Wednesday, October 28th. Wall Street Zen upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $102.00 price objective on shares of Amphenol in a research note on Monday, November 2nd. Royal Bank Of Canada set a $100.00 price objective on shares of Amphenol in a report on Monday, October 26th. Finally, BNP Paribas Exane increased their target price on shares of Amphenol from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $108.32.

Amphenol Price Performance

Amphenol stock opened at $74.67 on Monday. The stock’s fifty day moving average price is $81.29 and its two-hundred day moving average price is $75.53. Amphenol Corporation has a one year low of $59.01 and a one year high of $89.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.94 and a quick ratio of 1.42. The firm has a market cap of $184.39 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 0.89 and a beta of 1.27.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.49 billion. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The company’s revenue was up 65.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. As a group, research analysts expect that Amphenol Corporation will post 2.84 EPS for the current fiscal year.

Amphenol Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Tuesday, December 22nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. This is a drop from Amphenol’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, December 22nd. Amphenol’s payout ratio is presently 21.74%.

Amphenol declared that its Board of Directors has approved a stock repurchase plan on Wednesday, October 28th that permits the company to repurchase $4 billion in shares. This repurchase authorization permits the electronics maker to purchase up to 2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, CEO Richard Norwitt sold 799,576 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the completion of the sale, the chief executive officer owned 3,855,014 shares of the company’s stock, valued at $317,961,554.72. This represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.42% of the stock is currently owned by company insiders.

Amphenol Profile

Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, antennas and sensor products. Its offerings also include cable assemblies and related components used to transmit signals and power in electronic equipment and systems.

The company serves customers in a range of markets, including communications and information technology, automotive, aerospace and defense, industrial, mobile devices and data networks. Its products are used in applications such as vehicles, communications infrastructure, commercial aircraft and industrial equipment.

Founded in 1932, Amphenol has grown into a global manufacturer serving customers across the Americas, Europe and Asia.