Stratos Wealth Partners LTD. Acquires Shares of 33,868 Amphenol Corporation (APH)
Stratos Wealth Partners LTD. acquired a new stake in shares of Amphenol Corporation (NYSE:APH) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,868 shares of the electronics maker’s stock, valued at approximately $2,867,000.
A number of other hedge funds also recently modified their holdings of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Amphenol Corporation by 3.0% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 79,370 shares of the electronics maker’s stock valued at $6,718,000 after purchasing an additional 2,342 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Amphenol Corporation by 10.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 282,126 shares of the electronics maker’s stock valued at $22,477,000 after purchasing an additional 26,571 shares in the last quarter. WCM Investment Management CA boosted its position in Amphenol Corporation by 8.5% during the third quarter. WCM Investment Management CA now owns 907,018 shares of the electronics maker’s stock valued at $76,770,000 after purchasing an additional 71,050 shares in the last quarter. Teacher Retirement System of Texas boosted its position in Amphenol Corporation by 107.7% during the third quarter. Teacher Retirement System of Texas now owns 299,360 shares of the electronics maker’s stock valued at $25,338,000 after purchasing an additional 155,247 shares in the last quarter. Finally, Strategy Asset Managers LLC bought a new stake in Amphenol Corporation during the third quarter valued at about $2,960,000. 96.74% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on APH shares. Deutsche Bank AG raised their price objective on Amphenol Corporation from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $85.00 price objective (up previously from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Friday, September 22nd. Cowen and Company reaffirmed an “outperform” rating and set a $95.00 price objective (up previously from $85.00) on shares of Amphenol Corporation in a research report on Tuesday, October 10th. Finally, Bank of America Corporation raised Amphenol Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, September 29th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $87.90.
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In other news, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at $3,200,400. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 220,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total value of $18,942,000.00. Following the completion of the transaction, the chief executive officer now owns 216,492 shares of the company’s stock, valued at $18,639,961.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 397,000 shares of company stock valued at $33,877,390. Company insiders own 2.51% of the company’s stock.
Shares of Amphenol Corporation (NYSE APH) traded down $0.57 during midday trading on Thursday, reaching $88.41. The company’s stock had a trading volume of 1,144,000 shares, compared to its average volume of 1,127,748. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04. The firm has a market capitalization of $27,169.07, a P/E ratio of 28.25, a PEG ratio of 2.73 and a beta of 0.80. Amphenol Corporation has a fifty-two week low of $66.00 and a fifty-two week high of $89.16.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, topping the 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 business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the company earned $0.73 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. analysts expect that Amphenol Corporation will post 3.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, December 15th. Amphenol Corporation’s payout ratio is 24.20%.
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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