Jacobson & Schmitt Advisors LLC trimmed its holdings in shares of Amphenol Corporation (NYSE:APH) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 61,703 shares of the electronics maker’s stock after selling 2,140 shares during the period. Amphenol makes up about 3.5% of Jacobson & Schmitt Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Jacobson & Schmitt Advisors LLC’s holdings in Amphenol were worth $5,223,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Dupont Capital Management Corp bought a new position in shares of Amphenol during the 2nd quarter valued at $109,000. People s United Financial Inc. lifted its holdings in shares of Amphenol by 6.8% during the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after buying an additional 95 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Amphenol by 28.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after buying an additional 391 shares during the period. Cribstone Capital Management LLC lifted its holdings in shares of Amphenol by 123.5% during the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after buying an additional 1,050 shares during the period. Finally, Acrospire Investment Management LLC bought a new position in shares of Amphenol during the 2nd quarter valued at $148,000. Institutional investors and hedge funds own 97.47% of the company’s stock.
Amphenol Corporation (NYSE APH) opened at $90.91 on Monday. Amphenol Corporation has a twelve month low of $66.00 and a twelve month high of $91.14. The company has a market capitalization of $27,760.00, a price-to-earnings ratio of 28.86, a P/E/G ratio of 2.56 and a beta of 0.80. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.87.
Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.09. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned $0.73 EPS. Amphenol’s revenue for the quarter was up 12.5% compared to the same quarter last year. analysts anticipate that Amphenol Corporation will post 3.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.84%. Amphenol’s dividend payout ratio is currently 24.28%.
Several equities analysts have recently weighed in on the company. Royal Bank Of Canada reissued a “top pick” rating and set a $85.00 price target (up from $81.00) on shares of Amphenol in a report on Tuesday, August 29th. Cowen Inc reissued an “outperform” rating and set a $95.00 price target (up from $85.00) on shares of Amphenol in a report on Tuesday, October 10th. Bank of America Corporation raised Amphenol from a “neutral” rating to a “buy” rating in a report on Friday, September 29th. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Thursday, August 24th. Finally, Deutsche Bank AG increased their price target on Amphenol from $95.00 to $96.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Five equities 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 company’s stock. Amphenol currently has an average rating of “Buy” and a consensus target price of $87.90.
In other Amphenol news, VP David M. Silverman sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $80.04, for a total transaction of $1,280,640.00. Following the sale, the vice president now directly owns 16,000 shares of the company’s stock, valued at $1,280,640. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $89.51, for a total value of $895,100.00. Following the sale, the chief financial officer now directly owns 35,000 shares in the company, valued at $3,132,850. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 377,000 shares of company stock worth $32,376,840. 2.51% of the stock is owned by insiders.
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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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