Amphenol Co. (NYSE:APH) Shares Sold by DNB Asset Management AS
DNB Asset Management AS cut its stake in Amphenol Co. (NYSE:APH) by 23.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,528 shares of the electronics maker’s stock after selling 6,926 shares during the period. DNB Asset Management AS’s holdings in Amphenol were worth $2,439,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Jacobi Capital Management LLC bought a new position in shares of Amphenol in the second quarter worth $29,000. RMR Wealth Builders bought a new position in Amphenol during the second quarter valued at about $47,000. FDx Advisors Inc. bought a new position in Amphenol during the first quarter valued at about $48,000. Rockefeller Capital Management L.P. increased its stake in Amphenol by 25.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 536 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 109 shares in the last quarter. Finally, Campbell Wealth Management purchased a new position in shares of Amphenol in the second quarter worth approximately $55,000. 94.72% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Amphenol from $80.00 to $95.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Citigroup boosted their target price on shares of Amphenol from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Zacks Investment Research downgraded shares of Amphenol from a “buy” rating to a “hold” rating and set a $114.00 target price on the stock. in a report on Tuesday, September 29th. UBS Group assumed coverage on shares of Amphenol in a report on Tuesday, September 15th. They issued a “buy” rating and a $133.00 target price on the stock. Finally, Jefferies Financial Group boosted their price objective on shares of Amphenol from $119.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $113.18.
APH opened at $115.16 on Friday. The business has a fifty day simple moving average of $108.86 and a 200 day simple moving average of $98.06. The company has a market capitalization of $34.36 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 4.58 and a beta of 1.25. Amphenol Co. has a 1 year low of $63.05 and a 1 year high of $116.10. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.59 and a quick ratio of 1.82.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 22nd. The electronics maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.18. Amphenol had a return on equity of 23.39% and a net margin of 13.56%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the company posted $0.92 EPS. Equities analysts anticipate that Amphenol Co. will post 3.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.87%. Amphenol’s payout ratio is presently 26.74%.
Amphenol Company Profile
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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