Today, US Bancorp DE Increases Stake in Amphenol Corp. (APH)

Today, US Bancorp DE Increases Stake in Amphenol Corp. (APH)
US Bancorp DE boosted its stake in Amphenol Corp. (NYSE:APH) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 282,130 shares of the company’s stock after buying an additional 5,712 shares during the period. US Bancorp DE owned about 0.09% of Amphenol Corp. worth $18,317,000 at the end of the most recent quarter.

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

Amphenol Corp. (NYSE:APH) traded up 0.38% during mid-day trading on Friday, reaching $68.30. The company’s stock had a trading volume of 118,458 shares. The firm has a market capitalization of $21.07 billion, a price-to-earnings ratio of 27.43 and a beta of 0.98. The firm has a 50-day moving average of $65.80 and a 200 day moving average of $61.25. Amphenol Corp. has a 1-year low of $44.50 and a 1-year high of $68.52.

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

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

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

In other news, CEO Richard Adam Norwitt sold 295,000 shares of the company’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $66.11, for a total transaction of $19,502,450.00. Following the completion of the sale, the chief executive officer now directly owns 304,992 shares of the company’s stock, valued at $20,163,021.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Craig A. Lampo sold 23,000 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $62.08, for a total value of $1,427,840.00. Following the sale, the chief financial officer now directly owns 43,000 shares of the company’s stock, valued at $2,669,440. The disclosure for this sale can be found here. Insiders own 2.92% of the company’s stock.

Amphenol Corp. Company Profile

Related posts

Leave a Comment