New Mexico Educational Retirement Board trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,440 shares of the electronics maker’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in Amphenol were worth $2,345,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Amphenol by 1.0% during the 1st quarter. BlackRock Inc. now owns 22,446,541 shares of the electronics maker’s stock worth $2,119,851,000 after buying an additional 218,718 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt raised its stake in shares of Amphenol by 3.6% during the 2nd quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,335,000 shares of the electronics maker’s stock worth $415,770,000 after buying an additional 150,000 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Amphenol by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 4,289,635 shares of the electronics maker’s stock worth $346,993,000 after buying an additional 337,756 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Amphenol by 6.5% during the 1st quarter. Neuberger Berman Group LLC now owns 2,672,111 shares of the electronics maker’s stock worth $252,354,000 after buying an additional 164,202 shares in the last quarter. Finally, Mawer Investment Management Ltd. raised its stake in shares of Amphenol by 7.3% during the 1st quarter. Mawer Investment Management Ltd. now owns 1,998,960 shares of the electronics maker’s stock worth $188,782,000 after buying an additional 136,350 shares in the last quarter. 95.00% of the stock is owned by institutional investors and hedge funds.

APH has been the subject of a number of analyst reports. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Longbow Research cut Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 price target on the stock. in a report on Monday, June 17th. Wells Fargo & Co lowered their price target on Amphenol from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Evercore ISI started coverage on Amphenol in a report on Wednesday, June 5th. They issued an “outperform” rating and a $102.00 price target on the stock. Finally, Morgan Stanley lowered their price target on Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $104.41.

Shares of APH traded up $0.74 on Friday, reaching $88.59. The stock had a trading volume of 12,668 shares, compared to its average volume of 1,754,814. The firm has a market capitalization of $25.80 billion, a PE ratio of 23.50, a PEG ratio of 2.53 and a beta of 1.02. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average of $92.78 and a 200 day moving average of $94.61. Amphenol Co. has a twelve month low of $74.95 and a twelve month high of $105.51.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.01). The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. Amphenol had a return on equity of 29.08% and a net margin of 14.54%. The business’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 EPS. On average, sell-side analysts anticipate that Amphenol Co. will post 3.58 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Monday, September 16th. This is a boost from Amphenol’s previous quarterly dividend of $0.23. Amphenol’s dividend payout ratio is 24.40%.

Amphenol Profile

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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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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