WCM Investment Management CA Raises Stake in Amphenol Corporation (APH)
WCM Investment Management CA lifted its position in Amphenol Corporation (NYSE:APH) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 907,018 shares of the electronics maker’s stock after acquiring an additional 71,050 shares during the quarter. Amphenol Corporation accounts for approximately 1.0% of WCM Investment Management CA’s holdings, making the stock its 12th largest position. WCM Investment Management CA owned 0.30% of Amphenol Corporation worth $76,770,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Dupont Capital Management Corp acquired a new position in shares of Amphenol Corporation in the 2nd quarter worth approximately $109,000. People s United Financial Inc. grew its position in shares of Amphenol Corporation by 6.8% in the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after acquiring an additional 95 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Amphenol Corporation by 28.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock worth $134,000 after acquiring an additional 391 shares in the last quarter. Cribstone Capital Management LLC grew its position in shares of Amphenol Corporation by 123.5% in the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock worth $161,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in shares of Amphenol Corporation in the 2nd quarter worth approximately $148,000. Institutional investors own 96.74% of the company’s stock.
Several analysts recently issued reports on APH shares. Cowen and Company reissued an “outperform” rating and issued a $95.00 price target (up previously from $85.00) on shares of Amphenol Corporation in a report on Tuesday, October 10th. Zacks Investment Research downgraded Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Royal Bank Of Canada reissued a “top pick” rating and issued a $85.00 price target (up previously from $81.00) on shares of Amphenol Corporation in a report on Tuesday, August 29th. Deutsche Bank AG reissued a “buy” rating and issued a $95.00 price target (up previously from $80.00) on shares of Amphenol Corporation in a report on Thursday, October 5th. Finally, Morgan Stanley raised their price target on Amphenol Corporation from $74.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Amphenol Corporation currently has an average rating of “Buy” and a consensus price target of $87.90.
Shares of Amphenol Corporation (NYSE:APH) traded up $0.27 during trading on Tuesday, reaching $88.48. The company’s stock had a trading volume of 1,054,700 shares, compared to its average volume of 1,127,853. 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 company has a market cap of $26,933.96, a P/E ratio of 28.00, a P/E/G ratio of 2.71 and a beta of 0.80. Amphenol Corporation has a 52-week low of $66.00 and a 52-week high of $88.62.
Amphenol Corporation (NYSE:APH) last announced its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 EPS. equities research analysts predict that Amphenol Corporation will post 3.21 earnings per share for the current year.
The firm also recently announced 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. This represents a $0.76 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, December 15th. Amphenol Corporation’s payout ratio is currently 24.20%.
In other news, CFO Craig A. Lampo sold 15,000 shares of Amphenol Corporation stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $79.70, for a total transaction of $1,195,500.00. Following the transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $3,188,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 220,000 shares of Amphenol Corporation stock in a transaction on Tuesday, October 31st. The shares were 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 owns 216,492 shares in the company, valued at $18,639,961.20. The disclosure for this sale can be found here. Insiders have sold a total of 397,000 shares of company stock worth $33,877,390 in the last ninety days. 2.51% of the stock is owned by company insiders.
About Amphenol Corporation
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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