Nordea Investment Management AB Has $3.57 Million Position in Amphenol Corporation (APH)
Nordea Investment Management AB lifted its stake in shares of Amphenol Corporation (NYSE:APH) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,142 shares of the electronics maker’s stock after buying an additional 1,463 shares during the quarter. Nordea Investment Management AB’s holdings in Amphenol were worth $3,567,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. First Bank & Trust raised its holdings in shares of Amphenol by 0.5% during the 2nd quarter. First Bank & Trust now owns 8,644 shares of the electronics maker’s stock valued at $638,000 after buying an additional 43 shares during the period. People s United Financial Inc. raised its holdings in shares of Amphenol by 6.8% during the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after buying an additional 95 shares during the period. Advisor Partners LLC raised its holdings in shares of Amphenol by 4.5% during the 2nd quarter. Advisor Partners LLC now owns 4,943 shares of the electronics maker’s stock valued at $365,000 after buying an additional 214 shares during the period. Comerica Securities Inc. raised its holdings in shares of Amphenol by 6.2% during the 2nd quarter. Comerica Securities Inc. now owns 4,213 shares of the electronics maker’s stock valued at $312,000 after buying an additional 245 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Amphenol by 3.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,949 shares of the electronics maker’s stock valued at $513,000 after buying an additional 263 shares during the period. Institutional investors and hedge funds own 96.52% of the company’s stock.
In other news, CFO Craig A. Lampo sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $89.51, for a total value of $895,100.00. Following the completion of the sale, the chief financial officer now directly owns 35,000 shares in the company, valued at approximately $3,132,850. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Diana G. Reardon sold 503,000 shares of the business’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 sale, the director now owns 260,000 shares of the company’s stock, valued at $23,589,800. The disclosure for this sale can be found here. Insiders sold a total of 849,000 shares of company stock valued at $75,518,690 over the last quarter. Company insiders own 2.51% of the company’s stock.
Shares of Amphenol Corporation (NYSE APH) opened at $89.80 on Monday. 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 has a twelve month low of $66.00 and a twelve month high of $91.26. The stock has a market capitalization of $27,419.45, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 2.53 and a beta of 0.81.
Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the business earned $0.73 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. equities analysts anticipate that Amphenol Corporation will post 3.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th will be issued a $0.19 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.85%. Amphenol’s dividend payout ratio (DPR) is 24.20%.
Several research firms have issued reports on APH. Royal Bank Of Canada restated a “top pick” rating and set a $85.00 price objective (up from $81.00) on shares of Amphenol in a report on Tuesday, August 29th. Cowen restated an “outperform” rating and set a $95.00 price objective (up from $85.00) on shares of Amphenol in a report on Tuesday, October 10th. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating in a report on Friday, September 29th. Zacks Investment Research upgraded Amphenol from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a report on Thursday, August 24th. Finally, Deutsche Bank lifted their price objective on Amphenol from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Five analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Amphenol currently has a consensus rating of “Buy” and an average target price of $87.90.
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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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