361 Capital LLC Takes $2.41 Million Position in Amphenol Corporation (APH)
361 Capital LLC bought a new stake in shares of Amphenol Corporation (NYSE:APH) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 28,457 shares of the electronics maker’s stock, valued at approximately $2,409,000.
Other institutional investors also recently made changes to their positions in the company. Crossmark Global Holdings Inc. bought a new stake in Amphenol Corporation during the third quarter valued at approximately $3,008,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Amphenol Corporation during the second quarter worth approximately $392,000. Whittier Trust Co. raised its stake in shares of Amphenol Corporation by 3,390.3% during the third quarter. Whittier Trust Co. now owns 89,352 shares of the electronics maker’s stock worth $7,563,000 after acquiring an additional 86,792 shares in the last quarter. Marvin & Palmer Associates Inc. raised its stake in shares of Amphenol Corporation by 27.0% during the second quarter. Marvin & Palmer Associates Inc. now owns 60,505 shares of the electronics maker’s stock worth $4,466,000 after acquiring an additional 12,855 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in shares of Amphenol Corporation by 14.0% during the second quarter. Eagle Asset Management Inc. now owns 431,534 shares of the electronics maker’s stock worth $31,855,000 after acquiring an additional 52,976 shares in the last quarter. Institutional investors and hedge funds own 96.74% of the company’s stock.
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Shares of Amphenol Corporation (NYSE:APH) traded up $0.90 during trading on Friday, reaching $89.31. 1,015,800 shares of the company’s stock were exchanged, compared to its average volume of 1,127,243. The company has a current ratio of 3.04, a quick ratio of 2.27 and a debt-to-equity ratio of 0.87. The stock has a market cap of $27,290.00, a P/E ratio of 28.07, a P/E/G ratio of 2.71 and a beta of 0.80. Amphenol Corporation has a fifty-two week low of $66.00 and a fifty-two week high of $89.69.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 EPS. sell-side analysts expect that Amphenol Corporation will post 3.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, December 15th. Amphenol Corporation’s dividend payout ratio (DPR) is presently 24.28%.
Several research firms have commented on APH. Royal Bank Of Canada reissued a “top pick” rating and set a $85.00 price target (up from $81.00) on shares of Amphenol Corporation in a research note on Tuesday, August 29th. Cowen and Company reaffirmed an “outperform” rating and issued a $95.00 target price (up from $85.00) on shares of Amphenol Corporation in a research note on Tuesday, October 10th. Bank of America Corporation raised shares of Amphenol Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, September 29th. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Thursday, August 24th. Finally, Deutsche Bank AG lifted their target price on shares of Amphenol Corporation from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $87.90.
In other news, CFO Craig A. Lampo sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $79.70, for a total transaction of $1,195,500.00. Following the sale, the chief financial officer now owns 40,000 shares in the company, valued at approximately $3,188,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Diana G. Reardon sold 28,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $87.28, for a total transaction of $2,443,840.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 397,000 shares of company stock worth $33,877,390. Company insiders own 2.51% of the company’s stock.
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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