Dynamic Capital Management Ltd Lowers Holdings in Amphenol Co. (APH)

Dynamic Capital Management Ltd lowered its position in shares of Amphenol Co. (NYSE:APH) by 59.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,455 shares of the electronics maker’s stock after selling 9,339 shares during the quarter. Dynamic Capital Management Ltd’s holdings in Amphenol were worth $567,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dupont Capital Management Corp acquired a new stake in Amphenol during the 4th quarter worth about $115,000. Tower Research Capital LLC TRC raised its stake in shares of Amphenol by 87.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,369 shares of the electronics maker’s stock valued at $120,000 after buying an additional 640 shares during the last quarter. Fusion Family Wealth LLC purchased a new position in shares of Amphenol during the 4th quarter valued at about $121,000. CENTRAL TRUST Co raised its stake in shares of Amphenol by 52.6% during the 4th quarter. CENTRAL TRUST Co now owns 1,915 shares of the electronics maker’s stock valued at $168,000 after buying an additional 660 shares during the last quarter. Finally, Zions Bancorporation purchased a new position in shares of Amphenol during the 3rd quarter valued at about $169,000. 95.87% of the stock is owned by institutional investors.

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Amphenol Co. (NYSE:APH) opened at $92.44 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.95 and a debt-to-equity ratio of 0.88. Amphenol Co. has a 52 week low of $68.57 and a 52 week high of $93.62. The firm has a market capitalization of $27,670.72, a PE ratio of 27.78, a P/E/G ratio of 2.66 and a beta of 0.81.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Amphenol had a return on equity of 26.09% and a net margin of 9.28%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business earned $0.75 EPS. Amphenol’s revenue for the quarter was up 17.7% compared to the same quarter last year. research analysts forecast that Amphenol Co. will post 3.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Monday, March 19th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.76 annualized dividend and a dividend yield of 0.82%. Amphenol’s dividend payout ratio is presently 37.07%.

In related news, Director John R. Lord sold 2,000 shares of Amphenol stock in a transaction dated Sunday, September 2nd. The stock was sold at an average price of $62.47, for a total value of $124,940.00. Following the completion of the transaction, the director now owns 38,677 shares in the company, valued at approximately $2,416,152.19. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 10,000 shares of Amphenol stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $92.07, for a total value of $920,700.00. The disclosure for this sale can be found here. 2.51% of the stock is owned by insiders.

A number of equities analysts have weighed in on the company. Morgan Stanley lifted their price objective on Amphenol from $87.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. SunTrust Banks reiterated a “hold” rating and set a $89.00 price objective (up previously from $82.00) on shares of Amphenol in a research note on Thursday, January 25th. Zacks Investment Research lowered Amphenol from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Cowen reiterated a “buy” rating and set a $105.00 price objective on shares of Amphenol in a research note on Wednesday, January 10th. Finally, Wells Fargo & Co assumed coverage on Amphenol in a research note on Friday, November 10th. They set an “outperform” rating and a $98.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $92.00.

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About Amphenol

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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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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