Beaton Management Co. Inc. Takes Position in Amphenol Corporation (APH)
Beaton Management Co. Inc. acquired a new position in shares of Amphenol Corporation (NYSE:APH) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,650 shares of the electronics maker’s stock, valued at approximately $478,000.
A number of other large investors have also recently made changes to their positions in APH. Vanguard Group Inc. grew its position in shares of Amphenol Corporation by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock worth $2,255,957,000 after buying an additional 765,862 shares during the period. Capital World Investors grew its position in shares of Amphenol Corporation by 0.9% during the 2nd quarter. Capital World Investors now owns 26,040,751 shares of the electronics maker’s stock worth $1,922,328,000 after buying an additional 236,214 shares during the period. Janus Henderson Group PLC grew its position in shares of Amphenol Corporation by 1,662.5% during the 2nd quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock worth $782,311,000 after buying an additional 9,996,239 shares during the period. Capital Research Global Investors grew its position in shares of Amphenol Corporation by 31.7% during the 2nd quarter. Capital Research Global Investors now owns 3,170,204 shares of the electronics maker’s stock worth $234,024,000 after buying an additional 762,494 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Amphenol Corporation by 33.9% during the 2nd quarter. Voya Investment Management LLC now owns 2,760,299 shares of the electronics maker’s stock worth $203,766,000 after buying an additional 698,538 shares during the period. 97.47% of the stock is owned by hedge funds and other institutional investors.
In other Amphenol Corporation news, CEO Richard Adam Norwitt sold 220,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total value of $18,942,000.00. Following the transaction, the chief executive officer now directly owns 216,492 shares of the company’s stock, valued at approximately $18,639,961.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David M. Silverman sold 16,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $80.04, for a total value of $1,280,640.00. Following the completion of the transaction, the vice president now directly owns 16,000 shares in the company, valued at $1,280,640. The disclosure for this sale can be found here. In the last 90 days, insiders sold 392,000 shares of company stock worth $33,576,990. 2.51% of the stock is owned by company insiders.
Shares of Amphenol Corporation (APH) traded down $0.94 during trading on Thursday, hitting $89.90. The stock had a trading volume of 1,229,300 shares, compared to its average volume of 1,127,618. Amphenol Corporation has a one year low of $66.00 and a one year high of $91.14. The company has a market cap of $27,170.00, a PE ratio of 28.84, a P/E/G ratio of 2.56 and a beta of 0.80. The company has a current ratio of 3.04, a quick ratio of 2.27 and a debt-to-equity ratio of 0.87.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The business’s revenue was up 12.5% compared to the same quarter last year. analysts forecast that Amphenol Corporation will post 3.21 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Friday, December 15th. Amphenol Corporation’s dividend payout ratio (DPR) is presently 24.28%.
Several equities analysts recently issued reports on APH shares. Royal Bank Of Canada reiterated a “top pick” rating and issued a $85.00 price objective (up from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. Cowen and Company reiterated an “outperform” rating and issued a $95.00 price objective (up from $85.00) on shares of Amphenol Corporation in a research report on Tuesday, October 10th. Bank of America Corporation upgraded Amphenol Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, September 29th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Thursday, August 24th. Finally, Deutsche Bank AG boosted their price objective on Amphenol Corporation from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Amphenol Corporation has a consensus rating of “Buy” and an average price target of $87.90.
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Amphenol Corporation 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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