Banque Pictet & Cie SA cut its stake in shares of Amphenol (NYSE:APH) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,040 shares of the electronics maker’s stock after selling 647 shares during the period. Banque Pictet & Cie SA’s holdings in Amphenol were worth $2,846,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in APH. Dupont Capital Management Corp purchased a new position in shares of Amphenol in the fourth quarter valued at approximately $115,000. Tower Research Capital LLC TRC boosted its stake in shares of Amphenol by 87.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,369 shares of the electronics maker’s stock valued at $120,000 after purchasing an additional 640 shares during the period. Fusion Family Wealth LLC purchased a new position in shares of Amphenol in the fourth quarter valued at approximately $121,000. Wagner Wealth Management LLC purchased a new position in shares of Amphenol in the fourth quarter valued at approximately $127,000. Finally, CENTRAL TRUST Co boosted its stake in shares of Amphenol by 52.6% in the fourth quarter. CENTRAL TRUST Co now owns 1,915 shares of the electronics maker’s stock valued at $168,000 after purchasing an additional 660 shares during the period. Institutional investors and hedge funds own 97.09% of the company’s stock.
Shares of Amphenol stock opened at $88.12 on Friday. Amphenol has a 52-week low of $87.60 and a 52-week high of $88.33. The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $26.48 billion, a P/E ratio of 28.24, a PEG ratio of 2.42 and a beta of 0.84.
Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 25th. The electronics maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. Amphenol had a net margin of 9.45% and a return on equity of 26.65%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. equities research analysts anticipate that Amphenol will post 3.52 EPS for the current fiscal year.
Amphenol declared that its Board of Directors has initiated a share repurchase program on Wednesday, April 25th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 10th. Investors of record on Monday, June 18th will be paid a $0.23 dividend. The ex-dividend date is Friday, June 15th. This represents a $0.92 dividend on an annualized basis and a yield of 1.04%. This is an increase from Amphenol’s previous quarterly dividend of $0.19. Amphenol’s payout ratio is currently 24.36%.
Several research analysts have recently commented on APH shares. Zacks Investment Research lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. SunTrust Banks reissued a “hold” rating and issued a $89.00 price objective (up previously from $82.00) on shares of Amphenol in a research note on Thursday, January 25th. Morgan Stanley raised their price objective on shares of Amphenol from $87.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Finally, ValuEngine raised shares of Amphenol from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Six research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Amphenol has a consensus rating of “Buy” and an average target price of $92.33.
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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, bus bars, and distribution systems; and other connectors.
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