Parametric Portfolio Associates LLC Raises Holdings in Amphenol Co. (NYSE:APH)

Parametric Portfolio Associates LLC grew its position in Amphenol Co. (NYSE:APH) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 867,372 shares of the electronics maker’s stock after buying an additional 32,535 shares during the quarter. Parametric Portfolio Associates LLC owned 0.29% of Amphenol worth $83,216,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cibc World Markets Corp lifted its holdings in shares of Amphenol by 19.0% in the 2nd quarter. Cibc World Markets Corp now owns 86,885 shares of the electronics maker’s stock worth $8,336,000 after buying an additional 13,892 shares during the period. Chicago Capital LLC lifted its holdings in shares of Amphenol by 53.6% in the 2nd quarter. Chicago Capital LLC now owns 8,600 shares of the electronics maker’s stock worth $825,000 after buying an additional 3,000 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Amphenol by 30.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 405,524 shares of the electronics maker’s stock worth $38,388,000 after buying an additional 95,189 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of Amphenol by 36.0% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,058 shares of the electronics maker’s stock worth $99,000 after buying an additional 280 shares during the period. Finally, Commerce Bank lifted its holdings in shares of Amphenol by 12.7% in the 2nd quarter. Commerce Bank now owns 33,904 shares of the electronics maker’s stock worth $3,253,000 after buying an additional 3,815 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.

Several brokerages have weighed in on APH. Morgan Stanley lowered their target price on Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Wells Fargo & Co decreased their price objective on Amphenol from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. ValuEngine cut Amphenol from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Evercore ISI began coverage on Amphenol in a research note on Wednesday, June 5th. They set an “outperform” rating and a $102.00 price objective for the company. Finally, Longbow Research cut Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 price objective for the company. in a research note on Monday, June 17th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Amphenol has an average rating of “Buy” and a consensus price target of $104.41.

Shares of NYSE APH traded up $0.55 during mid-day trading on Friday, reaching $94.50. 1,025,824 shares of the company were exchanged, compared to its average volume of 1,141,845. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.85. The stock has a market cap of $26.65 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 2.61 and a beta of 1.03. Amphenol Co. has a 1 year low of $74.95 and a 1 year high of $105.51. The firm has a 50-day moving average of $88.64 and a 200 day moving average of $94.23.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.01). The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Amphenol had a return on equity of 29.08% and a net margin of 14.54%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 earnings per share. On average, equities analysts forecast that Amphenol Co. will post 3.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be given a dividend of $0.25 per share. This is a positive change from Amphenol’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Monday, September 16th. Amphenol’s dividend payout ratio is currently 24.40%.

Amphenol Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through 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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