Amphenol Co. (APH) Shares Sold by Connable Office Inc.

Connable Office Inc. cut its holdings in Amphenol Co. (NYSE:APH) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,559 shares of the electronics maker’s stock after selling 2,310 shares during the period. Connable Office Inc.’s holdings in Amphenol were worth $2,497,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bartlett & Co. LLC acquired a new stake in shares of Amphenol in the 3rd quarter valued at about $110,000. Braun Bostich & Associates Inc. boosted its stake in Amphenol by 1,407.1% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 1,281 shares of the electronics maker’s stock valued at $112,000 after purchasing an additional 1,196 shares during the last quarter. Landaas & Co. WI ADV acquired a new position in Amphenol during the 2nd quarter valued at about $113,000. AdvisorNet Financial Inc boosted its stake in Amphenol by 236.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,341 shares of the electronics maker’s stock valued at $117,000 after purchasing an additional 942 shares during the last quarter. Finally, Fort L.P. acquired a new position in Amphenol during the 2nd quarter valued at about $119,000. Institutional investors own 94.00% of the company’s stock.

In other Amphenol news, VP Richard Gu sold 2,000 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $87.00, for a total transaction of $174,000.00. Following the sale, the vice president now owns 3,000 shares of the company’s stock, valued at approximately $261,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David M. Silverman sold 7,500 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $95.51, for a total transaction of $716,325.00. Following the transaction, the vice president now owns 7,500 shares of the company’s stock, valued at $716,325. The disclosure for this sale can be found here. Insiders own 2.51% of the company’s stock.

A number of research firms have issued reports on APH. ValuEngine upgraded Amphenol from a “hold” rating to a “buy” rating in a research note on Wednesday, October 31st. Zacks Investment Research raised shares of Amphenol from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research report on Friday, October 26th. Goldman Sachs Group started coverage on shares of Amphenol in a research report on Tuesday, October 9th. They set a “neutral” rating on the stock. Morgan Stanley dropped their target price on shares of Amphenol from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 3rd. Finally, Stifel Nicolaus lifted their price target on shares of Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a report on Thursday, July 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $98.00.

NYSE:APH opened at $92.23 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.19 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $27.27 billion, a P/E ratio of 29.56, a P/E/G ratio of 2.06 and a beta of 0.88. Amphenol Co. has a 12 month low of $80.42 and a 12 month high of $97.56.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Amphenol had a net margin of 9.64% and a return on equity of 28.57%. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, sell-side analysts expect that Amphenol Co. will post 3.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 8th. Shareholders of record on Monday, December 17th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, December 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.00%. Amphenol’s payout ratio is 29.49%.

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About Amphenol

Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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, bus bars, and distribution systems; and other connectors.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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