Cutler Group LP reduced its position in shares of Amphenol Co. (NYSE:APH) by 89.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,426 shares of the electronics maker’s stock after selling 11,774 shares during the quarter. Cutler Group LP’s holdings in Amphenol were worth $137,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the stock. Bfsg LLC acquired a new position in Amphenol during the 3rd quarter worth approximately $2,824,000. Trust Co. of Oklahoma raised its stake in shares of Amphenol by 7.6% in the third quarter. Trust Co. of Oklahoma now owns 9,588 shares of the electronics maker’s stock worth $925,000 after purchasing an additional 680 shares during the last quarter. Ardevora Asset Management LLP raised its stake in shares of Amphenol by 9.1% in the third quarter. Ardevora Asset Management LLP now owns 481,148 shares of the electronics maker’s stock worth $46,431,000 after purchasing an additional 40,300 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Amphenol by 19.1% in the third quarter. Raymond James Trust N.A. now owns 2,754 shares of the electronics maker’s stock worth $265,000 after purchasing an additional 442 shares during the last quarter. Finally, First Merchants Corp raised its stake in shares of Amphenol by 24.2% in the third quarter. First Merchants Corp now owns 29,507 shares of the electronics maker’s stock worth $2,847,000 after purchasing an additional 5,747 shares during the last quarter. 93.67% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amphenol stock traded up $0.96 on Monday, hitting $101.19. The company had a trading volume of 1,475,429 shares, compared to its average volume of 1,358,976. The stock has a market capitalization of $30.28 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 2.94 and a beta of 1.03. Amphenol Co. has a 1 year low of $74.95 and a 1 year high of $105.51. The stock has a 50 day moving average of $95.44 and a 200-day moving average of $94.45. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.44 and a current ratio of 1.99.
Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $1.98 billion. Amphenol had a return on equity of 28.19% and a net margin of 14.15%. Amphenol’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. Equities analysts anticipate that Amphenol Co. will post 3.65 earnings per share for the current year.
Several brokerages have recently commented on APH. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. began coverage on Amphenol in a research note on Tuesday, October 22nd. They issued a “neutral” rating and a $104.00 price objective for the company. Wells Fargo & Co increased their price objective on Amphenol from $109.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Morgan Stanley lowered their price objective on Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $104.79.
In related news, Director Diana G. Reardon sold 48,000 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $101.54, for a total transaction of $4,873,920.00. Following the completion of the sale, the director now directly owns 49,592 shares of the company’s stock, valued at $5,035,571.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 60,000 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $101.59, for a total value of $6,095,400.00. Following the sale, the chief financial officer now directly owns 33,500 shares of the company’s stock, valued at $3,403,265. The disclosure for this sale can be found here. Insiders have sold 121,500 shares of company stock valued at $12,338,895 over the last ninety days. 2.60% of the stock is currently owned by company insiders.
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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