SPF Beheer BV Lowers Stake in Amphenol Co. (APH)

SPF Beheer BV cut its stake in shares of Amphenol Co. (NYSE:APH) by 5.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 923,939 shares of the electronics maker’s stock after selling 51,651 shares during the period. Amphenol accounts for approximately 3.4% of SPF Beheer BV’s holdings, making the stock its 15th biggest holding. SPF Beheer BV owned approximately 0.31% of Amphenol worth $79,754,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in APH. Tower Research Capital LLC TRC lifted its holdings in Amphenol by 87.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,369 shares of the electronics maker’s stock worth $120,000 after buying an additional 640 shares in the last quarter. Wagner Wealth Management LLC bought a new stake in Amphenol during the fourth quarter worth approximately $127,000. Stockman Wealth Management Inc. bought a new stake in Amphenol during the first quarter worth approximately $206,000. Koch Industries Inc. bought a new stake in Amphenol during the fourth quarter worth approximately $215,000. Finally, Clinton Group Inc. bought a new stake in Amphenol during the first quarter worth approximately $215,000. 95.00% of the stock is owned by institutional investors.

Shares of NYSE:APH traded down $0.59 during mid-day trading on Friday, hitting $90.61. The stock had a trading volume of 13,203 shares, compared to its average volume of 1,114,295. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.27 and a current ratio of 1.80. The company has a market cap of $27.45 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.51 and a beta of 0.84. Amphenol Co. has a 12-month low of $72.35 and a 12-month high of $93.62.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 25th. The electronics maker reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.82 billion. Amphenol had a net margin of 9.45% and a return on equity of 26.65%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. equities analysts predict that Amphenol Co. will post 3.52 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 10th. Investors of record on Monday, June 18th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, June 15th. This is an increase from Amphenol’s previous quarterly dividend of $0.19. Amphenol’s dividend payout ratio is 24.36%.

Amphenol announced that its Board of Directors has approved a stock buyback plan on Wednesday, April 25th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

A number of brokerages recently weighed in on APH. Morgan Stanley raised their target price on shares of Amphenol from $90.00 to $93.00 and gave the stock an “equal weight” rating in a report on Thursday, April 26th. ValuEngine upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Finally, Zacks Investment Research cut shares of Amphenol from a “buy” rating to a “hold” rating in a report on Thursday, May 24th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Amphenol currently has a consensus rating of “Buy” and an average price target of $91.89.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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, bus bars, and distribution systems; and other connectors.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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