Amphenol Corporation $APH Stock Purchased by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. boosted its stake in shares of Amphenol Corporation (NYSE:APH) by 97.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,128 shares of the electronics maker’s stock after purchasing an additional 19,335 shares during the quarter. Amphenol makes up 2.4% of Kraematon Investment Advisors Inc.’s investment portfolio, making the stock its 12th biggest holding. Kraematon Investment Advisors Inc.’s holdings in Amphenol were worth $3,298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of APH. Corient Private Wealth LP grew its position in shares of Amphenol by 3,010.0% during the second quarter. Corient Private Wealth LP now owns 16,437,431 shares of the electronics maker’s stock worth $2,898,248,000 after buying an additional 15,908,901 shares in the last quarter. State Street Corp raised its holdings in Amphenol by 24.2% in the second quarter. State Street Corp now owns 71,281,059 shares of the electronics maker’s stock valued at $12,107,146,000 after acquiring an additional 13,884,641 shares in the last quarter. Jupiter Topco LLC purchased a new position in Amphenol in the second quarter worth approximately $1,600,531,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in 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 worth $666,051,000 after acquiring an additional 3,761,224 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its stake in Amphenol by 101.6% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,720,515 shares of the electronics maker’s stock worth $313,497,000 after acquiring an additional 1,874,988 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of APH opened at $71.73 on Friday. Amphenol Corporation has a 1-year low of $59.01 and a 1-year high of $89.93. The stock has a market cap of $177.13 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 0.94 and a beta of 1.27. 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 fifty day moving average price of $81.42 and a 200 day moving average price of $75.54.

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

Amphenol Cuts Dividend

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

Amphenol declared that its Board of Directors has initiated a share repurchase program on Wednesday, October 28th that allows the company to buy back $4 billion in shares. This buyback authorization allows the electronics maker to buy up to 2% of its shares through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on APH shares. JPMorgan Chase & Co. increased their target price on Amphenol from $107.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Wall Street Zen raised Amphenol from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Citigroup reaffirmed a “buy” rating and set a $115.00 price objective (up from $112.00) on shares of Amphenol in a research report on Thursday, October 29th. Evercore set a $100.00 price objective on Amphenol in a report on Wednesday, October 28th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $102.00 target price on shares of Amphenol in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Amphenol has a consensus rating of “Buy” and an average price target of $108.32.

Insider Activity

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

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) is a global manufacturer of electrical, electronic and fiber-optic connectors, interconnect systems and related products. Its portfolio includes cable assemblies, sensors, antennas, backplane systems, radio-frequency components and other specialized electronic hardware.

The company serves customers across a range of industries, including automotive, aerospace and defense, information technology and data communications, industrial, mobile networks, commercial aerospace, medical and other markets.