Amphenol Co. (NYSE:APH) Stake Raised by Neuberger Berman Group LLC
Neuberger Berman Group LLC boosted its holdings in Amphenol Co. (NYSE:APH) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,356,752 shares of the electronics maker’s stock after acquiring an additional 37,344 shares during the quarter. Neuberger Berman Group LLC’s holdings in Amphenol were worth $225,788,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Jacobi Capital Management LLC bought a new stake in Amphenol in the second quarter worth about $29,000. RMR Wealth Builders purchased a new position in Amphenol in the 2nd quarter worth about $47,000. FDx Advisors Inc. purchased a new position in Amphenol in the 1st quarter worth about $48,000. Rockefeller Capital Management L.P. increased its stake in Amphenol by 25.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 536 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 109 shares in the last quarter. Finally, Campbell Wealth Management purchased a new position in Amphenol in the 2nd quarter worth about $55,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.
A number of equities analysts recently weighed in on APH shares. Morgan Stanley cut Amphenol from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a research note on Monday, August 24th. They noted that the move was a valuation call. Stifel Nicolaus lifted their price target on Amphenol from $80.00 to $95.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. UBS Group began coverage on Amphenol in a research note on Tuesday. They set a “buy” rating and a $133.00 target price on the stock. reaffirmed a “sell” rating on shares of Amphenol in a research note on Tuesday, June 9th. Finally, Wells Fargo & Company reaffirmed a “buy” rating and set a $118.00 target price (up previously from $108.00) on shares of Amphenol in a research note on Thursday, July 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Amphenol has a consensus rating of “Hold” and a consensus price target of $111.09.
Amphenol (NYSE:APH) last posted its earnings results on Wednesday, July 22nd. The electronics maker reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.18. Amphenol had a return on equity of 23.39% and a net margin of 13.56%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the company earned $0.92 EPS. On average, sell-side analysts forecast that Amphenol Co. will post 3.32 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. Amphenol’s dividend payout ratio (DPR) is presently 26.74%.
In other news, VP Dieter Ehrmanntraut sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $112.00, for a total transaction of $168,000.00. Following the completion of the transaction, the vice president now directly owns 1,500 shares in the company, valued at $168,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Martin Booker sold 44,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $104.44, for a total value of $4,595,360.00. Following the transaction, the vice president now owns 44,000 shares of the company’s stock, valued at $4,595,360. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 196,200 shares of company stock valued at $21,254,901. Corporate insiders own 2.72% of the company’s stock.
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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