Howland Capital Management LLC increased its position in shares of Amphenol Corp. (NYSE:APH) by 0.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,005 shares of the company’s stock after buying an additional 1,245 shares during the period. Howland Capital Management LLC’s holdings in Amphenol Corp. were worth $10,842,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Reliance Trust Co. of Delaware boosted its position in shares of Amphenol Corp. by 0.6% in the second quarter. Reliance Trust Co. of Delaware now owns 5,055 shares of the company’s stock worth $290,000 after buying an additional 31 shares during the last quarter. Montag & Caldwell LLC boosted its position in shares of Amphenol Corp. by 0.3% in the second quarter. Montag & Caldwell LLC now owns 13,244 shares of the company’s stock worth $759,000 after buying an additional 40 shares during the last quarter. Commerce Bank boosted its position in shares of Amphenol Corp. by 0.6% in the second quarter. Commerce Bank now owns 14,957 shares of the company’s stock worth $857,000 after buying an additional 87 shares during the last quarter. First Allied Advisory Services Inc. boosted its position in shares of Amphenol Corp. by 0.8% in the second quarter. First Allied Advisory Services Inc. now owns 10,926 shares of the company’s stock worth $628,000 after buying an additional 90 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Amphenol Corp. by 3.2% in the second quarter. Quadrant Capital Group LLC now owns 3,215 shares of the company’s stock worth $181,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 96.32% of the company’s stock.
Shares of Amphenol Corp. (NYSE:APH) traded down 0.26% during mid-day trading on Monday, hitting $68.49. The company had a trading volume of 1,374,935 shares. Amphenol Corp. has a 1-year low of $44.50 and a 1-year high of $68.80. The company has a market capitalization of $21.13 billion, a price-to-earnings ratio of 27.51 and a beta of 0.98. The company has a 50-day moving average price of $65.91 and a 200-day moving average price of $61.34.
Amphenol Corp. (NYSE:APH) last announced its earnings results on Wednesday, October 19th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Amphenol Corp. had a return on equity of 23.48% and a net margin of 12.98%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS. On average, equities analysts anticipate that Amphenol Corp. will post $2.70 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Tuesday, December 13th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.93%. This is a boost from Amphenol Corp.’s previous quarterly dividend of $0.14. Amphenol Corp.’s dividend payout ratio (DPR) is 22.49%.
A number of research analysts have issued reports on the company. Zacks Investment Research cut Amphenol Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. RBC Capital Markets restated a “top pick” rating and issued a $66.00 price target (up previously from $65.00) on shares of Amphenol Corp. in a research note on Tuesday, September 20th. Royal Bank Of Canada boosted their price target on Amphenol Corp. from $68.00 to $69.00 and gave the stock a “top pick” rating in a research note on Thursday, October 20th. Finally, Goldman Sachs Group Inc. upgraded Amphenol Corp. from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $70.00 in a research note on Tuesday, September 20th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Amphenol Corp. presently has a consensus rating of “Buy” and an average target price of $69.11.
In other news, CFO Craig A. Lampo sold 25,000 shares of the stock in a transaction on Friday, October 21st. The stock was sold at an average price of $66.19, for a total transaction of $1,654,750.00. Following the completion of the sale, the chief financial officer now owns 50,000 shares in the company, valued at approximately $3,309,500. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard Adam Norwitt sold 295,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 304,992 shares of the company’s stock, valued at approximately $20,163,021.12. The disclosure for this sale can be found here. Company 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.