US Bancorp DE grew its position in Amphenol Co. (NYSE:APH) by 2.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 257,088 shares of the electronics maker’s stock after acquiring an additional 7,036 shares during the period. US Bancorp DE owned about 0.09% of Amphenol worth $24,666,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of APH. First Trust Advisors LP raised its position in shares of Amphenol by 138.3% in the first quarter. First Trust Advisors LP now owns 746,249 shares of the electronics maker’s stock worth $70,476,000 after acquiring an additional 433,038 shares during the period. Veritas Investment Management LLP raised its position in shares of Amphenol by 17,851.7% in the first quarter. Veritas Investment Management LLP now owns 411,095 shares of the electronics maker’s stock worth $38,822,000 after acquiring an additional 408,805 shares during the period. Mawer Investment Management Ltd. raised its position in shares of Amphenol by 19.6% in the second quarter. Mawer Investment Management Ltd. now owns 2,390,095 shares of the electronics maker’s stock worth $229,306,000 after acquiring an additional 391,135 shares during the period. Renaissance Technologies LLC raised its position in shares of Amphenol by 152.6% in the second quarter. Renaissance Technologies LLC now owns 588,400 shares of the electronics maker’s stock worth $56,451,000 after acquiring an additional 355,500 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Amphenol by 8.5% in the fourth quarter. Geode Capital Management LLC now owns 4,289,635 shares of the electronics maker’s stock worth $346,993,000 after acquiring an additional 337,756 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.
A number of research analysts have weighed in on APH shares. Longbow Research downgraded shares of 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 decreased their price objective on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Evercore ISI started coverage on shares of Amphenol in a research report on Wednesday, June 5th. They issued an “outperform” rating and a $102.00 price objective for the company. ValuEngine downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Wells Fargo & Co decreased their price objective on shares of Amphenol from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $104.41.
Amphenol (NYSE:APH) last released its 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). The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Amphenol had a return on equity of 29.08% and a net margin of 14.54%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 EPS. As a group, equities analysts anticipate that Amphenol Co. will post 3.58 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Amphenol’s previous quarterly dividend of $0.23. Amphenol’s payout ratio is currently 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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