Mawer Investment Management Ltd. grew its position in Amphenol Corporation (NYSE:APH) by 73.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 739,510 shares of the electronics maker’s stock after acquiring an additional 312,080 shares during the quarter. Mawer Investment Management Ltd. owned approximately 0.24% of Amphenol Corporation worth $62,592,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of APH. Dupont Capital Management Corp acquired a new position in Amphenol Corporation during the 2nd quarter valued at approximately $109,000. People s United Financial Inc. boosted its position in Amphenol Corporation 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 purchasing an additional 95 shares during the period. Parallel Advisors LLC boosted its position in Amphenol Corporation by 28.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after purchasing an additional 391 shares during the period. Acrospire Investment Management LLC acquired a new position in Amphenol Corporation during the 2nd quarter valued at approximately $148,000. Finally, Cribstone Capital Management LLC boosted its position in Amphenol Corporation by 123.5% during the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after purchasing an additional 1,050 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.
A number of research analysts recently issued reports on APH shares. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Thursday, September 14th. Stifel Nicolaus boosted their price objective on Amphenol Corporation from $78.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Deutsche Bank AG restated a “buy” rating and set a $95.00 price objective (up previously from $80.00) on shares of Amphenol Corporation in a research report on Thursday, October 5th. BidaskClub upgraded Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Finally, SunTrust Banks, Inc. boosted their price objective on Amphenol Corporation from $77.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Amphenol Corporation presently has an average rating of “Buy” and an average target price of $87.90.
In other Amphenol Corporation news, CFO Craig A. Lampo sold 10,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $89.51, for a total transaction of $895,100.00. Following the completion of the transaction, the chief financial officer now owns 35,000 shares in the company, valued at approximately $3,132,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of the business’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $80.01, for a total value of $1,200,150.00. Following the transaction, the chief financial officer now owns 40,000 shares of the company’s stock, valued at approximately $3,200,400. The disclosure for this sale can be found here. Insiders have sold a total of 392,000 shares of company stock valued at $33,576,990 in the last quarter. 2.51% of the stock is currently owned by insiders.
Shares of Amphenol Corporation (NYSE:APH) traded up $0.96 during mid-day trading on Wednesday, reaching $90.84. The company’s stock had a trading volume of 1,487,000 shares, compared to its average volume of 1,127,166. 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 one year low of $66.00 and a one year high of $91.14. The firm has a market cap of $27,443.88, a price-to-earnings ratio of 28.53, a PEG ratio of 2.53 and a beta of 0.80.
Amphenol Corporation (NYSE:APH) last announced its quarterly 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 return on equity of 25.63% and a net margin of 14.73%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. analysts predict that Amphenol Corporation will post 3.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Monday, December 18th will be given 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 yield of 0.84%. Amphenol Corporation’s dividend payout ratio (DPR) is presently 24.20%.
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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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