Candriam Luxembourg S.C.A. Raises Stake in Amphenol Corporation (APH)
Candriam Luxembourg S.C.A. lifted its position in Amphenol Corporation (NYSE:APH) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,668 shares of the electronics maker’s stock after purchasing an additional 1,563 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Amphenol Corporation were worth $2,173,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APH. Janus Henderson Group PLC grew its position in Amphenol Corporation by 1,662.5% in the second quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock worth $782,311,000 after acquiring an additional 9,996,239 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Amphenol Corporation by 53.5% in the second quarter. UBS Asset Management Americas Inc. now owns 2,663,455 shares of the electronics maker’s stock worth $196,616,000 after acquiring an additional 928,733 shares in the last quarter. Vanguard Group Inc. grew its position in Amphenol Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock worth $2,255,957,000 after acquiring an additional 765,862 shares in the last quarter. Capital Research Global Investors grew its position in Amphenol Corporation by 31.7% in the second quarter. Capital Research Global Investors now owns 3,170,204 shares of the electronics maker’s stock worth $234,024,000 after acquiring an additional 762,494 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in Amphenol Corporation by 33.9% in the second quarter. Voya Investment Management LLC now owns 2,760,299 shares of the electronics maker’s stock worth $203,766,000 after acquiring an additional 698,538 shares in the last quarter. Institutional investors own 96.74% of the company’s stock.
In related news, CEO Richard Adam Norwitt sold 220,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 216,492 shares in the company, valued at $18,639,961.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $80.01, for a total value of $1,200,150.00. Following the completion of the sale, the chief financial officer now owns 40,000 shares of the company’s stock, valued at approximately $3,200,400. The disclosure for this sale can be found here. Insiders sold 397,000 shares of company stock valued at $33,877,390 in the last quarter. 2.51% of the stock is owned by company insiders.
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Amphenol Corporation (APH) opened at $89.31 on Friday. Amphenol Corporation has a 12-month low of $66.00 and a 12-month high of $89.69. The stock has a market capitalization of $26,995.03, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 2.71 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04.
Amphenol Corporation (NYSE:APH) last announced its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $1.74 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. equities research analysts forecast 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. Shareholders of record on Monday, December 18th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.85%. Amphenol Corporation’s dividend payout ratio (DPR) is presently 24.20%.
Several research firms recently commented on APH. Wells Fargo & Company began coverage on Amphenol Corporation in a research report on Friday, November 10th. They issued an “outperform” rating and a $98.00 price target for the company. SunTrust Banks, Inc. lifted their price target on Amphenol Corporation from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Deutsche Bank AG lifted their price target on Amphenol Corporation from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Morgan Stanley lifted their price target on Amphenol Corporation from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Finally, Stifel Nicolaus lifted their price target on Amphenol Corporation from $78.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.90.
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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