Sciencast Management LP Raises Position in Amphenol Co. (NYSE:APH)

Sciencast Management LP lifted its stake in shares of Amphenol Co. (NYSE:APH) by 43.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,939 shares of the electronics maker’s stock after buying an additional 2,993 shares during the period. Sciencast Management LP’s holdings in Amphenol were worth $674,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. OLD Mission Capital LLC bought a new stake in shares of Amphenol in the 3rd quarter worth $5,654,000. AE Wealth Management LLC bought a new stake in Amphenol in the 4th quarter worth about $236,000. Savant Capital LLC bought a new stake in Amphenol in the 4th quarter worth about $221,000. National Asset Management Inc. increased its stake in Amphenol by 3.0% in the 4th quarter. National Asset Management Inc. now owns 6,699 shares of the electronics maker’s stock valued at $877,000 after buying an additional 196 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Amphenol by 1.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 15,232 shares of the electronics maker’s stock worth $1,992,000 after buying an additional 238 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

In other news, VP Lance E. D’amico sold 15,133 shares of the stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $67.54, for a total value of $1,022,082.82. Following the transaction, the vice president now owns 28,333 shares of the company’s stock, valued at approximately $1,913,610.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Livingston acquired 20,000 shares of the stock in a transaction dated Tuesday, May 4th. The shares were bought at an average price of $65.92 per share, for a total transaction of $1,318,400.00. Following the transaction, the director now owns 38,666 shares in the company, valued at approximately $2,548,862.72. The disclosure for this purchase can be found here. Insiders sold 769,133 shares of company stock worth $51,217,363 in the last quarter. 2.50% of the stock is currently owned by company insiders.

Shares of APH stock opened at $68.27 on Friday. The company has a market cap of $40.80 billion, a PE ratio of 32.67, a price-to-earnings-growth ratio of 2.52 and a beta of 1.24. The firm’s fifty day simple moving average is $67.40. Amphenol Co. has a 1 year low of $45.90 and a 1 year high of $69.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.43 and a quick ratio of 1.81.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Tuesday, April 27th. The electronics maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Amphenol had a return on equity of 24.16% and a net margin of 14.16%. The firm’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 EPS. As a group, analysts forecast that Amphenol Co. will post 2.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 14th. Stockholders of record on Tuesday, June 22nd will be issued a $0.145 dividend. The ex-dividend date is Monday, June 21st. This represents a $0.58 annualized dividend and a dividend yield of 0.85%. Amphenol’s payout ratio is currently 31.02%.

A number of analysts recently commented on the company. Evercore ISI reiterated a “buy” rating and set a $77.00 price target on shares of Amphenol in a report on Tuesday. Morgan Stanley lifted their target price on Amphenol from $66.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 29th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on shares of Amphenol from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, April 29th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $65.33.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates in 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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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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