Bright Rock Capital Management LLC Has $1,566,000 Position in Amphenol Co. (APH)
Bright Rock Capital Management LLC continued to hold its stake in Amphenol Co. (NYSE:APH) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 22,000 shares of the electronics maker’s stock at the end of the first quarter. Bright Rock Capital Management LLC’s holdings in Amphenol were worth $1,566,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in APH. WCM Investment Management CA raised its stake in Amphenol by 31.5% in the third quarter. WCM Investment Management CA now owns 606,624 shares of the electronics maker’s stock valued at $39,382,000 after buying an additional 145,346 shares during the last quarter. Wells Fargo & Company MN raised its stake in Amphenol by 2.1% in the third quarter. Wells Fargo & Company MN now owns 1,914,226 shares of the electronics maker’s stock valued at $124,271,000 after buying an additional 38,729 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in Amphenol by 63.9% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 55,166 shares of the electronics maker’s stock valued at $9,202,000 after buying an additional 21,506 shares during the last quarter. Capital One National Association acquired a new stake in Amphenol during the third quarter valued at about $200,000. Finally, World Asset Management Inc raised its stake in Amphenol by 2.4% in the third quarter. World Asset Management Inc now owns 30,975 shares of the electronics maker’s stock valued at $2,011,000 after buying an additional 722 shares during the last quarter. 96.70% of the stock is owned by institutional investors.
Shares of Amphenol Co. (NYSE:APH) traded up 1.00% on Thursday, hitting $70.82. 890,423 shares of the stock traded hands. Amphenol Co. has a 12-month low of $54.94 and a 12-month high of $71.98. The stock has a market cap of $21.79 billion, a price-to-earnings ratio of 27.13 and a beta of 0.86. The stock has a 50-day moving average price of $70.50 and a 200 day moving average price of $68.06.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 25th. The electronics maker reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.03. Amphenol had a net margin of 13.09% and a return on equity of 23.73%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company earned $0.63 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. On average, analysts anticipate that Amphenol Co. will post $2.92 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 11th. Shareholders of record on Monday, March 20th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, March 16th. This represents a $0.64 dividend on an annualized basis and a yield of 0.90%. Amphenol’s dividend payout ratio is currently 24.52%.
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Several research firms have recently issued reports on APH. Royal Bank of Canada increased their price objective on shares of Amphenol from $71.00 to $75.00 and gave the stock a “top pick” rating in a research report on Thursday, March 2nd. Cowen and Company began coverage on shares of Amphenol in a research report on Tuesday, March 21st. They issued an “outperform” rating and a $85.00 price objective for the company. Zacks Investment Research raised shares of Amphenol from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Finally, Citigroup Inc reissued a “buy” rating and issued a $80.00 price objective on shares of Amphenol in a research report on Thursday, January 26th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $73.17.
Amphenol Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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