Nippon Life Insurance Co. reduced its position in shares of Amphenol Co. (NYSE:APH) by 12.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,900 shares of the electronics maker’s stock after selling 3,112 shares during the period. Nippon Life Insurance Co.’s holdings in Amphenol were worth $1,630,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in shares of Amphenol during the first quarter worth $399,000. Ledyard National Bank purchased a new position in shares of Amphenol during the first quarter worth $148,000. Alta Capital Management LLC boosted its position in shares of Amphenol by 2.7% in the first quarter. Alta Capital Management LLC now owns 587,928 shares of the electronics maker’s stock worth $41,842,000 after buying an additional 15,489 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Amphenol by 17.6% in the first quarter. DnB Asset Management AS now owns 33,438 shares of the electronics maker’s stock worth $2,380,000 after buying an additional 5,000 shares in the last quarter. Finally, Reilly Financial Advisors LLC boosted its position in shares of Amphenol by 0.5% in the first quarter. Reilly Financial Advisors LLC now owns 146,106 shares of the electronics maker’s stock worth $10,398,000 after buying an additional 659 shares in the last quarter. Institutional investors and hedge funds own 96.70% of the company’s stock.
Amphenol Co. (NYSE:APH) traded down 0.49% during mid-day trading on Friday, reaching $70.47. The company had a trading volume of 1,123,472 shares. The stock’s 50-day moving average is $70.50 and its 200 day moving average is $68.08. The firm has a market capitalization of $21.68 billion, a P/E ratio of 27.00 and a beta of 0.86. Amphenol Co. has a 12 month low of $54.94 and a 12 month high of $71.98.
Amphenol (NYSE:APH) last issued its earnings results on Wednesday, January 25th. The electronics maker reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. Amphenol had a return on equity of 23.73% and a net margin of 13.09%. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the prior year, the firm posted $0.63 EPS. The business’s revenue was up 12.9% compared to the same quarter last year. On average, analysts predict that Amphenol Co. will post $2.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 11th. Shareholders of record on Monday, March 20th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.91%. The ex-dividend date was Thursday, March 16th. Amphenol’s payout ratio is currently 24.52%.
A number of research analysts have recently weighed in on the company. Royal Bank of Canada restated a “buy” rating on shares of Amphenol in a research report on Monday, April 3rd. Cowen and Company assumed coverage on Amphenol in a research report on Tuesday, March 21st. They issued an “outperform” rating and a $85.00 price target for the company. Zacks Investment Research upgraded Amphenol from a “sell” rating to a “hold” rating in a research report on Friday, March 10th. Finally, Citigroup Inc restated a “buy” rating and issued a $80.00 price target on shares of Amphenol in a research report on Thursday, January 26th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $73.17.
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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