Greenleaf Trust reduced its holdings in Amphenol (NYSE:APH) by 4.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,234 shares of the electronics maker’s stock after selling 714 shares during the period. Greenleaf Trust’s holdings in Amphenol were worth $1,484,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in APH. Meadow Creek Investment Management LLC raised its holdings in Amphenol by 5.2% in the fourth quarter. Meadow Creek Investment Management LLC now owns 12,528 shares of the electronics maker’s stock worth $1,100,000 after purchasing an additional 624 shares during the period. Tower Research Capital LLC TRC raised its holdings in Amphenol by 87.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,369 shares of the electronics maker’s stock worth $120,000 after purchasing an additional 640 shares during the period. Penserra Capital Management LLC raised its holdings in Amphenol by 18.6% in the fourth quarter. Penserra Capital Management LLC now owns 4,130 shares of the electronics maker’s stock worth $362,000 after purchasing an additional 649 shares during the period. YHB Investment Advisors Inc. raised its holdings in Amphenol by 1.6% in the fourth quarter. YHB Investment Advisors Inc. now owns 41,128 shares of the electronics maker’s stock worth $3,611,000 after purchasing an additional 660 shares during the period. Finally, CENTRAL TRUST Co raised its holdings in Amphenol by 52.6% in the fourth quarter. CENTRAL TRUST Co now owns 1,915 shares of the electronics maker’s stock worth $168,000 after purchasing an additional 660 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.
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Shares of APH stock opened at $85.35 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.63. Amphenol has a 12-month low of $71.37 and a 12-month high of $93.62. The firm has a market cap of $25,746.17, a PE ratio of 27.36, a P/E/G ratio of 2.32 and a beta of 0.84.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 25th. The electronics maker reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.03. Amphenol had a net margin of 9.45% and a return on equity of 26.65%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue was up 19.7% compared to the same quarter last year. research analysts anticipate that Amphenol will post 3.52 EPS for the current fiscal year.
Amphenol announced that its Board of Directors has initiated a stock buyback program on Wednesday, April 25th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the electronics maker to buy up to 7.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 10th. Stockholders of record on Monday, June 18th will be given a dividend of $0.23 per share. This is an increase from Amphenol’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, June 15th. This represents a $0.92 annualized dividend and a dividend yield of 1.08%. Amphenol’s dividend payout ratio is currently 24.36%.
Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Amphenol from a “sell” rating to a “hold” rating in a report on Friday, April 27th. Morgan Stanley increased their target price on shares of Amphenol from $90.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, April 26th. ValuEngine upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. SunTrust Banks reiterated a “hold” rating and issued a $89.00 target price (up from $82.00) on shares of Amphenol in a report on Thursday, January 25th. Finally, Cowen reiterated a “buy” rating and issued a $105.00 target price on shares of Amphenol in a report on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $92.33.
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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