Trading Report: Today, JPMorgan Chase & Co. decides to keep it stake in Amphenol Corp. (APH) to the level of $613,364,000

Today, JPMorgan Chase & Co. decides to keep it stake in Amphenol Corp. (APH) to the level of $613,364,000

JPMorgan Chase & Co. boosted its position in Amphenol Corp. (NYSE:APH) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,445,094 shares of the company’s stock after buying an additional 283,421 shares during the period. JPMorgan Chase & Co. owned about 3.06% of Amphenol Corp. worth $613,364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of APH. Independent Portfolio Consultants Inc. increased its position in shares of Amphenol Corp. by 11.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,070 shares of the company’s stock worth $348,000 after buying an additional 630 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Amphenol Corp. by 3.0% in the second quarter. Nisa Investment Advisors LLC now owns 190,835 shares of the company’s stock worth $10,941,000 after buying an additional 5,485 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Amphenol Corp. by 46.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 33,660 shares of the company’s stock worth $1,930,000 after buying an additional 10,600 shares during the last quarter. Eqis Capital Management Inc. increased its position in shares of Amphenol Corp. by 2.7% in the second quarter. Eqis Capital Management Inc. now owns 6,533 shares of the company’s stock worth $375,000 after buying an additional 171 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of Amphenol Corp. by 12.4% in the second quarter. Capstone Asset Management Co. now owns 30,158 shares of the company’s stock worth $1,729,000 after buying an additional 3,330 shares during the last quarter. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Corp. (NYSE:APH) opened at 68.04 on Friday. The stock’s 50 day moving average is $65.80 and its 200 day moving average is $61.25. Amphenol Corp. has a 12-month low of $44.50 and a 12-month high of $68.52. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of 27.33 and a beta of 0.98.

Amphenol Corp. (NYSE:APH) last released its earnings results on Wednesday, October 19th. The company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. Amphenol Corp. had a net margin of 12.98% and a return on equity of 23.48%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts forecast that Amphenol Corp. will post $2.70 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Tuesday, December 13th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.94%. This is a positive change from Amphenol Corp.’s previous quarterly dividend of $0.14. Amphenol Corp.’s dividend payout ratio is presently 22.49%.

APH has been the subject of a number of recent analyst reports. Goldman Sachs Group Inc. upgraded shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $70.00 in a research note on Tuesday, September 20th. Zacks Investment Research cut shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. RBC Capital Markets reiterated a “top pick” rating and issued a $69.00 target price (up from $68.00) on shares of Amphenol Corp. in a research note on Saturday, October 22nd. Finally, Royal Bank Of Canada lifted their target price on shares of Amphenol Corp. from $68.00 to $69.00 and gave the stock a “top pick” rating in a research note on Thursday, October 20th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $69.11.

In other Amphenol Corp. news, CEO Richard Adam Norwitt sold 295,000 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $66.11, for a total value of $19,502,450.00. Following the transaction, the chief executive officer now directly owns 304,992 shares in the company, valued at $20,163,021.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michael R. Ivas sold 17,500 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $66.01, for a total transaction of $1,155,175.00. Following the completion of the transaction, the vice president now owns 25,000 shares in the company, valued at $1,650,250. The disclosure for this sale can be found here. Corporate insiders own 2.92% of the company’s stock.

Amphenol Corp. 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: Interconnect Products and Assemblies, and Cable Products and Solutions.

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