Gateway Investment Advisers LLC has increased its position in Amphenol Co. (NYSE: APH – Get Rating) by 19.2% in the 1st quarter, reports Holdings Channel. The company owned 10,956 shares of the electronics maker’s shares after buying an additional 1,763 shares during the quarter. Gateway Investment Advisers LLC owned Amphenol at $ 826,000 at the time of its last filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently changed their holdings in APH. EverSource Wealth Advisors LLC bought a new position in Amphenol in the fourth quarter worth $ 32,000. Arlington Partners LLC acquired a new position in Amphenol in the fourth quarter worth $ 36,000. NuWave Investment Management LLC acquired a new position in Amphenol in the first quarter worth $ 38,000. Confluence Wealth Services Inc. acquired a new position in Amphenol in the fourth quarter worth $ 51,000. Finally, UMB Bank NA MO acquired a new position in Amphenol in the fourth quarter worth $ 52,000. 95.80% of the shares are owned by hedge funds and other institutional investors.
Shares of NYSE: APH opened at $ 65.85 on Friday. The business has a 50-day moving average of $ 69.07 and a 200-day moving average of $ 75.04. The company has a debt-to-equity ratio of 0.76, a fast ratio of 1.72 and a current ratio of 2.55. The company has a market capitalization of $ 39.32 billion, a PE ratio of 24.48, a price-earnings-growth ratio of 2.14 and a beta of 1.21. Amphenol Co. has a twelve-month low of $ 61.67 and a twelve-month high of $ 88.45.
Amphenol (NYSE: APH – Get Rating) last announced its quarterly earnings data on Wednesday, April 27th. The electronics maker reported $ 0.67 EPS for the quarter, beating analysts’ consensus estimates of $ 0.61 by $ 0.06. The company had revenue of $ 2.95 billion in the quarter, compared to analysts’ estimates of $ 2.76 billion. Amphenol had a return on equity of 26.69% and a net profit of 14.73%. The company’s revenues increased by 24.2% on an annual basis. During the same period last year, the company earned $ 0.52 earnings per share. On average, analysts expect Amphenol Co. will report EPS of 2.82 for the current fiscal year.
The company also recently unveiled a three-month dividend that will be paid on Wednesday (July 13th). The record investors on Tuesday, June 21, will receive a dividend of $ 0.20. The date of the former dividend is Friday, June 17. This represents a dividend of $ 0.80 on an annual basis and a yield of 1.21%. The payout ratio of Amphenol is 29.74%.
Several research analysts have issued reports on APH shares. Citigroup lowered its target for Amphenol prices from $ 100.00 to $ 90.00 in a study note on Thursday, April 28. Robert W. Baird confirmed the rating as “superior” and set a price of $ 85.00 for Amphenol shares in a research note on Friday, April 29. Morgan Stanley lowered its target for Amphenol prices from $ 84.00 to $ 79.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. Goldman Sachs Group lowered its target for Amphenol prices from $ 87.00 to $ 83.00 in a research note on Wednesday, June 1st. Finally, StockNews.com adopted the coverage of Amphenol in a research note on Thursday, March 31st. They issued a “retention” rating to the company. Five analysts rated the shares with a retention rating, and four assigned a rating to buy the company’s shares. According to MarketBeat, the company currently has a consensus hold rating and an average target price of $ 84.22.
Amphenol profile (Get a rating)
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures and markets electrical, electronic and optical connectors in the United States, China and internationally. It works in three segments: heavy environment solutions, communication solutions and interconnected and sensor systems.
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