Mechanics Bank Trust Department bought a new position in shares of Amphenol Co. (NYSE:APH) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,704 shares of the electronics maker’s stock, valued at approximately $358,000.
Several other hedge funds also recently made changes to their positions in the stock. Advisor Partners LLC boosted its holdings in shares of Amphenol by 1.6% during the 3rd quarter. Advisor Partners LLC now owns 6,620 shares of the electronics maker’s stock worth $639,000 after buying an additional 105 shares during the period. Lenox Wealth Advisors LLC boosted its holdings in shares of Amphenol by 82.2% during the 3rd quarter. Lenox Wealth Advisors LLC now owns 266 shares of the electronics maker’s stock worth $26,000 after buying an additional 120 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in shares of Amphenol by 33.9% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 518 shares of the electronics maker’s stock worth $49,000 after buying an additional 131 shares during the period. Meeder Asset Management Inc. raised its stake in Amphenol by 16.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 965 shares of the electronics maker’s stock worth $93,000 after purchasing an additional 133 shares in the last quarter. Finally, Harvey Investment Co. LLC raised its stake in Amphenol by 5.4% in the 2nd quarter. Harvey Investment Co. LLC now owns 3,347 shares of the electronics maker’s stock worth $321,000 after purchasing an additional 170 shares in the last quarter. 93.67% of the stock is owned by institutional investors and hedge funds.
APH has been the subject of several analyst reports. ValuEngine cut shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Morgan Stanley dropped their price objective on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Amphenol in a research note on Monday, September 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Amphenol has a consensus rating of “Buy” and an average price target of $103.90.
Shares of Amphenol stock opened at $99.00 on Monday. Amphenol Co. has a twelve month low of $74.95 and a twelve month high of $105.51. 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 company has a 50-day simple moving average of $93.61 and a two-hundred day simple moving average of $94.44. The stock has a market capitalization of $29.34 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 2.88 and a beta of 1.03.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.01). Amphenol had a return on equity of 29.08% and a net margin of 14.54%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm earned $0.90 EPS. Amphenol’s revenue for the quarter was up 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Amphenol Co. will post 3.58 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th were paid a $0.25 dividend. This is a boost from Amphenol’s previous quarterly dividend of $0.23. The ex-dividend date was Monday, September 16th. This represents a $1.00 annualized dividend and a yield of 1.01%. Amphenol’s payout ratio is 26.53%.
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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