Toronto Dominion Bank grew its position in shares of Amphenol Co. (NYSE:APH) by 16.2% in the 1st quarter, Holdings Channel reports. The fund owned 198,947 shares of the electronics maker’s stock after buying an additional 27,802 shares during the quarter. Toronto Dominion Bank’s holdings in Amphenol were worth $18,783,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in APH. Lindbrook Capital LLC purchased a new stake in Amphenol in the fourth quarter worth about $35,000. Moody National Bank Trust Division grew its holdings in Amphenol by 103.9% in the first quarter. Moody National Bank Trust Division now owns 471 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 240 shares during the period. Cornerstone Advisors Inc. grew its holdings in Amphenol by 36.4% in the first quarter. Cornerstone Advisors Inc. now owns 517 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 138 shares during the period. Parkside Financial Bank & Trust grew its holdings in Amphenol by 189.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 547 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 358 shares during the period. Finally, Bremer Trust National Association purchased a new stake in Amphenol in the fourth quarter worth about $46,000. 96.05% of the stock is owned by institutional investors.
Shares of NYSE:APH traded up $0.77 during trading on Thursday, reaching $94.02. 41,465 shares of the stock traded hands, compared to its average volume of 1,308,123. Amphenol Co. has a 52-week low of $74.95 and a 52-week high of $105.51. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.85. The stock has a market cap of $27.53 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 2.21 and a beta of 0.91.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.01. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. Amphenol had a net margin of 14.55% and a return on equity of 29.75%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 earnings per share. As a group, sell-side analysts anticipate that Amphenol Co. will post 3.88 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 19th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.92 dividend on an annualized basis and a yield of 0.98%. Amphenol’s dividend payout ratio (DPR) is 24.40%.
In other Amphenol news, VP Jean-Luc Gavelle sold 31,000 shares of the stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $94.00, for a total value of $2,914,000.00. Following the transaction, the vice president now directly owns 31,000 shares in the company, valued at $2,914,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 430,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $99.46, for a total transaction of $42,767,800.00. Following the completion of the transaction, the chief executive officer now owns 200,000 shares in the company, valued at $19,892,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 886,505 shares of company stock worth $88,065,603. 2.60% of the stock is owned by insiders.
A number of brokerages have weighed in on APH. ValuEngine upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a report on Wednesday, April 3rd. Morgan Stanley upped their price objective on shares of Amphenol from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Wednesday, February 13th. SunTrust Banks upgraded shares of Amphenol from a “hold” rating to a “buy” rating and upped their price objective for the stock from $89.00 to $112.00 in a report on Tuesday, April 2nd. Finally, Wells Fargo & Co set a $105.00 price objective on shares of Amphenol and gave the stock a “buy” rating in a report on Monday, March 18th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Amphenol currently has an average rating of “Buy” and an average price target of $105.29.
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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