Manitou Investment Management Ltd. reduced its position in shares of Amphenol Corp. (NYSE:APH) by 4.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 201,010 shares of the company’s stock after selling 10,195 shares during the period. Amphenol Corp. comprises about 3.7% of Manitou Investment Management Ltd.’s holdings, making the stock its 13th largest position. Manitou Investment Management Ltd.’s holdings in Amphenol Corp. were worth $11,524,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the stock. Credit Agricole S A boosted its position in shares of Amphenol Corp. by 288.8% in the first quarter. Credit Agricole S A now owns 499,533 shares of the company’s stock worth $28,883,000 after buying an additional 371,056 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Amphenol Corp. during the second quarter worth approximately $10,531,000. Wellington Management Group LLP boosted its position in shares of Amphenol Corp. by 5.7% in the first quarter. Wellington Management Group LLP now owns 2,919,191 shares of the company’s stock worth $168,788,000 after buying an additional 156,760 shares during the last quarter. Moore Capital Management LP acquired a new position in shares of Amphenol Corp. during the first quarter worth approximately $5,493,000. Finally, Geode Capital Management LLC boosted its position in shares of Amphenol Corp. by 2.9% in the first quarter. Geode Capital Management LLC now owns 2,477,517 shares of the company’s stock worth $142,957,000 after buying an additional 68,792 shares during the last quarter. 96.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amphenol Corp. (NYSE:APH) traded up 0.25% during midday trading on Tuesday, hitting $63.21. 1,734,668 shares of the company’s stock traded hands. The company has a 50 day moving average of $63.59 and a 200 day moving average of $59.56. The stock has a market cap of $19.51 billion, a P/E ratio of 26.00 and a beta of 1.07. Amphenol Corp. has a 52 week low of $44.50 and a 52 week high of $65.79.
Amphenol Corp. (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. Amphenol Corp. had a return on equity of 23.72% and a net margin of 13.03%. The business’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 EPS. On average, equities analysts forecast that Amphenol Corp. will post $2.63 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Tuesday, September 13th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.89%. Amphenol Corp.’s dividend payout ratio is currently 23.05%.
A number of research firms recently weighed in on APH. Goldman Sachs Group Inc. upgraded shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $60.00 to $70.00 in a research report on Tuesday, September 20th. RBC Capital Markets reiterated a “top pick” rating and issued a $66.00 price objective (up from $65.00) on shares of Amphenol Corp. in a research report on Tuesday, September 20th. Zacks Investment Research upgraded shares of Amphenol Corp. from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Friday, July 22nd. Finally, Royal Bank Of Canada lifted their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a research report on Thursday, July 21st. Five equities research analysts have rated the stock with a hold rating, two have assigned 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 $68.11.
In related news, CFO Craig A. Lampo sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The stock was sold at an average price of $60.07, for a total transaction of $1,321,540.00. Following the sale, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $2,102,450. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP William J. Doherty sold 26,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $59.89, for a total value of $1,557,140.00. Following the sale, the vice president now directly owns 6,800 shares in the company, valued at $407,252. The disclosure for this sale can be found here. Corporate insiders own 2.92% of the company’s stock.
Amphenol Corp. Company 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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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