Municipal Employees Retirement System of Michigan reduced its stake in shares of Amphenol Co. (NYSE:APH) by 78.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,890 shares of the electronics maker’s stock after selling 29,070 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Amphenol were worth $693,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Dupont Capital Management Corp acquired a new position in Amphenol during the 4th quarter valued at $115,000. Tower Research Capital LLC TRC raised its stake in Amphenol by 87.8% during the 4th 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 last quarter. Fusion Family Wealth LLC acquired a new position in Amphenol during the 4th quarter valued at $121,000. CENTRAL TRUST Co raised its stake in Amphenol by 52.6% during the 4th 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 last quarter. Finally, Zions Bancorporation acquired a new position in Amphenol during the 3rd quarter valued at $169,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.
A number of brokerages have recently issued reports on APH. Morgan Stanley increased 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. SunTrust Banks restated 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. Zacks Investment Research cut shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Finally, Cowen restated a “buy” rating and issued a $105.00 price objective on shares of Amphenol in a research note on Wednesday, January 10th. Six research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Amphenol currently has a consensus rating of “Buy” and a consensus target price of $92.00.
Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Amphenol had a net margin of 9.28% and a return on equity of 26.09%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. sell-side analysts forecast that Amphenol Co. will post 3.46 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Monday, March 19th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, March 16th. Amphenol’s dividend payout ratio (DPR) is currently 37.07%.
In related news, Director John R. Lord sold 2,000 shares of the stock in a transaction dated Sunday, September 2nd. The shares were sold at an average price of $62.47, for a total transaction of $124,940.00. Following the completion of the sale, the director now owns 38,677 shares in the company, valued at approximately $2,416,152.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 10,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $92.07, for a total transaction of $920,700.00. The disclosure for this sale can be found here. Company insiders own 2.51% of the company’s stock.
Amphenol Company Profile
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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