Meeder Asset Management Inc. purchased a new stake in shares of Amphenol Co. (NYSE:APH) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 832 shares of the electronics maker’s stock, valued at approximately $80,000.
A number of other institutional investors also recently added to or reduced their stakes in APH. Weaver Consulting Group purchased a new stake in Amphenol during the first quarter valued at $26,000. Arrow Financial Corp purchased a new stake in Amphenol during the second quarter valued at $31,000. Thor Advisors LLC purchased a new stake in Amphenol during the first quarter valued at $32,000. Steward Partners Investment Advisory LLC purchased a new stake in Amphenol during the second quarter valued at $37,000. Finally, FinTrust Capital Advisors LLC increased its position in Amphenol by 116.5% during the second quarter. FinTrust Capital Advisors LLC now owns 446 shares of the electronics maker’s stock valued at $43,000 after acquiring an additional 240 shares during the last quarter. 95.00% of the stock is currently owned by institutional investors and hedge funds.
APH has been the subject of a number of research reports. Longbow Research cut Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 price objective for the company. in a research report on Monday, June 17th. Morgan Stanley reduced their price objective on Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Wells Fargo & Co reduced their price target on Amphenol from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. ValuEngine cut Amphenol from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI began coverage on Amphenol in a research report on Wednesday, June 5th. They issued an “outperform” rating and a $102.00 price target for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $104.41.
Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.01). Amphenol had a net margin of 14.54% and a return on equity of 29.08%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the company posted $0.90 earnings per share. Amphenol’s quarterly revenue was up 1.7% on a year-over-year basis. As a group, equities research analysts forecast that Amphenol Co. will post 3.58 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 16th. This is a positive change from Amphenol’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. Amphenol’s dividend payout ratio is presently 24.40%.
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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