KBC Group NV Increases Position in Amphenol Corporation (APH)
KBC Group NV grew its stake in Amphenol Corporation (NYSE:APH) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,581 shares of the electronics maker’s stock after purchasing an additional 2,499 shares during the period. KBC Group NV’s holdings in Amphenol were worth $3,096,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. purchased a new position in Amphenol during the 3rd quarter worth $3,008,000. Dynamic Technology Lab Private Ltd purchased a new position in Amphenol during the 2nd quarter worth $392,000. Whittier Trust Co. increased its holdings in Amphenol by 3,390.3% during the 3rd quarter. Whittier Trust Co. now owns 89,352 shares of the electronics maker’s stock worth $7,563,000 after purchasing an additional 86,792 shares during the period. Marvin & Palmer Associates Inc. increased its holdings in Amphenol by 27.0% during the 2nd quarter. Marvin & Palmer Associates Inc. now owns 60,505 shares of the electronics maker’s stock worth $4,466,000 after purchasing an additional 12,855 shares during the period. Finally, Eagle Asset Management Inc. increased its holdings in Amphenol by 14.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 431,534 shares of the electronics maker’s stock worth $31,855,000 after purchasing an additional 52,976 shares during the period. 96.52% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Richard Adam Norwitt sold 220,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $18,639,961.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diana G. Reardon sold 503,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total value of $45,637,190.00. Following the completion of the transaction, the director now owns 260,000 shares in the company, valued at $23,589,800. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 849,000 shares of company stock valued at $75,518,690. 2.51% of the stock is owned by company insiders.
Several brokerages have issued reports on APH. Wells Fargo & Company began coverage on Amphenol in a research report on Friday, November 10th. They set an “outperform” rating and a $98.00 target price on the stock. SunTrust Banks increased their target price on Amphenol from $77.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Deutsche Bank raised their price objective on Amphenol from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Morgan Stanley raised their price objective on Amphenol from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Finally, Stifel Nicolaus raised their price objective on Amphenol from $78.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Five 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. The company currently has an average rating of “Buy” and an average price target of $87.90.
Amphenol Corporation (APH) opened at $89.34 on Friday. Amphenol Corporation has a 52 week low of $66.00 and a 52 week high of $91.26. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $26,912.59, a PE ratio of 27.98, a P/E/G ratio of 2.48 and a beta of 0.81.
Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business earned $0.73 EPS. Amphenol’s quarterly revenue was up 12.5% on a year-over-year basis. research analysts forecast that Amphenol Corporation will post 3.21 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Monday, December 18th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, December 15th. This represents a $0.76 annualized dividend and a yield of 0.85%. Amphenol’s dividend payout ratio (DPR) is currently 24.20%.
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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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