Neuberger Berman Group LLC lifted its holdings in Amphenol Co. (NYSE:APH) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,356,752 shares of the electronics maker’s stock after acquiring an additional 37,344 shares during the quarter. Neuberger Berman Group LLC owned 0.79% of Amphenol worth $225,788,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Capital International Investors purchased a new position in shares of Amphenol in the first quarter worth about $197,608,000. Victory Capital Management Inc. raised its stake in Amphenol by 74.3% during the second quarter. Victory Capital Management Inc. now owns 2,723,971 shares of the electronics maker’s stock worth $260,984,000 after purchasing an additional 1,160,912 shares during the period. Nuance Investments LLC raised its stake in Amphenol by 129.0% during the first quarter. Nuance Investments LLC now owns 1,952,234 shares of the electronics maker’s stock worth $142,279,000 after purchasing an additional 1,099,642 shares during the period. Morgan Stanley raised its stake in Amphenol by 52.6% during the first quarter. Morgan Stanley now owns 2,189,659 shares of the electronics maker’s stock worth $159,584,000 after purchasing an additional 754,436 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Amphenol by 126.3% during the first quarter. Mackenzie Financial Corp now owns 1,068,311 shares of the electronics maker’s stock worth $77,859,000 after purchasing an additional 596,217 shares during the period. Hedge funds and other institutional investors own 94.72% of the company’s stock.
A number of research firms have recently issued reports on APH. Morgan Stanley downgraded shares of Amphenol from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a research note on Monday, August 24th. They noted that the move was a valuation call. Stifel Nicolaus lifted their price objective on shares of Amphenol from $80.00 to $95.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Wells Fargo & Company reiterated a “buy” rating and set a $118.00 price target (up previously from $108.00) on shares of Amphenol in a report on Thursday, July 23rd. Citigroup boosted their price objective on shares of Amphenol from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, Royal Bank of Canada boosted their price objective on shares of Amphenol from $94.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Amphenol presently has an average rating of “Hold” and a consensus target price of $111.09.
In other news, SVP William J. Doherty sold 55,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $109.74, for a total transaction of $6,035,700.00. Following the transaction, the senior vice president now directly owns 55,000 shares of the company’s stock, valued at approximately $6,035,700. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Dieter Ehrmanntraut sold 1,500 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $112.00, for a total transaction of $168,000.00. Following the transaction, the vice president now directly owns 1,500 shares in the company, valued at $168,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 196,200 shares of company stock valued at $21,254,901. 2.72% of the stock is owned by insiders.
Amphenol stock traded up $1.08 during trading hours on Wednesday, reaching $109.41. 33,228 shares of the stock were exchanged, compared to its average volume of 1,146,273. The stock has a market cap of $32.32 billion, a P/E ratio of 30.41, a P/E/G ratio of 4.27 and a beta of 1.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.82 and a current ratio of 2.59. Amphenol Co. has a 52-week low of $63.05 and a 52-week high of $113.25. The firm’s 50 day moving average is $107.93 and its 200 day moving average is $93.85.
Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 22nd. The electronics maker reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.18. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.75 billion. Amphenol had a net margin of 13.56% and a return on equity of 23.39%. During the same quarter in the prior year, the firm earned $0.92 EPS. Equities research analysts expect that Amphenol Co. will post 3.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.91%. Amphenol’s payout ratio is currently 26.74%.
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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