Wedge Capital Management L L P NC bought a new stake in shares of Amphenol Corporation (NYSE:APH) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 633,846 shares of the electronics maker’s stock, valued at approximately $53,649,000. Wedge Capital Management L L P NC owned approximately 0.21% of Amphenol Corporation at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in APH. OppenheimerFunds Inc. grew its stake in shares of Amphenol Corporation by 7.3% during the first quarter. OppenheimerFunds Inc. now owns 11,016 shares of the electronics maker’s stock valued at $784,000 after acquiring an additional 748 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Amphenol Corporation by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 856,916 shares of the electronics maker’s stock worth $60,989,000 after purchasing an additional 14,926 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Amphenol Corporation by 2.4% during the first quarter. AQR Capital Management LLC now owns 23,226 shares of the electronics maker’s stock worth $1,653,000 after purchasing an additional 538 shares during the last quarter. DnB Asset Management AS lifted its position in shares of Amphenol Corporation by 7.5% during the second quarter. DnB Asset Management AS now owns 35,938 shares of the electronics maker’s stock worth $2,653,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Amphenol Corporation during the second quarter worth about $295,000. Institutional investors own 96.90% of the company’s stock.
Shares of Amphenol Corporation (NYSE APH) traded up $0.46 during midday trading on Friday, reaching $87.33. 948,715 shares of the company’s stock were exchanged, compared to its average volume of 1,220,000. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.87. Amphenol Corporation has a 1 year low of $64.83 and a 1 year high of $88.19. The company has a market capitalization of $26.67 billion, a PE ratio of 27.81, a P/E/G ratio of 2.69 and a beta of 0.80.
Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.09. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the company posted $0.73 earnings per share. Amphenol Corporation’s revenue was up 12.5% on a year-over-year basis. research analysts anticipate that Amphenol Corporation will post 3.21 earnings per share for the current year.
The firm 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 dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.87%. Amphenol Corporation’s dividend payout ratio (DPR) is presently 24.28%.
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In other news, CEO Richard Adam Norwitt sold 220,000 shares of Amphenol Corporation stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total transaction of $18,942,000.00. Following the sale, the chief executive officer now owns 216,492 shares of the company’s stock, valued at $18,639,961.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP William J. Doherty sold 61,800 shares of Amphenol Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $78.12, for a total value of $4,827,816.00. Following the sale, the vice president now directly owns 8,800 shares in the company, valued at approximately $687,456. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 458,800 shares of company stock worth $38,705,206. Corporate insiders own 2.51% of the company’s stock.
APH has been the topic of several research analyst reports. Deutsche Bank AG increased their price target on shares of Amphenol Corporation from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $85.00 price target (up previously from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Friday, September 22nd. Cowen and Company reaffirmed an “outperform” rating and set a $95.00 price target (up previously from $85.00) on shares of Amphenol Corporation in a research report on Tuesday, October 10th. Finally, Bank of America Corporation raised shares of Amphenol Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, September 29th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $86.78.
Amphenol Corporation 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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