Louisiana State Employees Retirement System reduced its position in shares of Amphenol Co. (NYSE:APH) by 10.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,800 shares of the electronics maker’s stock after selling 1,800 shares during the period. Louisiana State Employees Retirement System’s holdings in Amphenol were worth $1,280,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Bartlett & Co. LLC bought a new position in shares of Amphenol in the third quarter worth $110,000.
Highwater Wealth Management LLC bought a new position in shares of Amphenol in the fourth quarter worth $149,000. E&G Advisors LP bought a new position in shares of Amphenol in the third quarter worth $216,000. Cornerstone Wealth Management LLC grew its stake in shares of Amphenol by 30.0% in the third quarter.
Cornerstone Wealth Management LLC now owns 19,820 shares of the electronics maker’s stock worth $229,000 after purchasing an additional 4,575 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Amphenol in the third quarter worth $233,000. 94.
37% of the stock is currently owned by institutional investors and hedge funds.
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Several research analysts have recently issued reports on the company. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Friday, December 14th. ValuEngine cut Amphenol from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, Morgan Stanley decreased their price target on Amphenol from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Wednesday, October 3rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock.
The stock presently has a consensus rating of “Hold” and an average target price of $95.60.
In related news, VP Richard Gu sold 2,000 shares of the stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $87.00, for a total value of $174,000.00. Following the completion of the transaction, the vice president now owns 3,000 shares in the company, valued at approximately $261,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website .
Company insiders own 2.34% of the company’s stock.
Shares of APH stock opened at $82.49 on Friday.
Amphenol Co. has a fifty-two week low of $74.95 and a fifty-two week high of $97.56. The stock has a market cap of $24.66 billion, a P/E ratio of 22.
73, a PEG ratio of 1.70 and a beta of 0.
86. The company has a quick ratio of 1.19, a current ratio of 1.68 and a debt-to-equity ratio of 0.61.
Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.
93 by $0.06. Amphenol had a return on equity of 28.57% and a net margin of 9.
64%. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.02 billion.
During the same quarter last year, the business posted $0.83 earnings per share. The company’s quarterly revenue was up 15.
7% on a year-over-year basis. As a group, sell-side analysts predict that Amphenol Co.
will post 3.7 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 8th.
Investors of record on Monday, December 17th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, December 14th. This represents a $0.
92 dividend on an annualized basis and a dividend yield of 1.12%. Amphenol’s dividend payout ratio (DPR) is 29.49%. WARNING: “Louisiana State Employees Retirement System Reduces Position in Amphenol Co. (APH)” was originally posted by American Banking News and is the sole property of of American Banking News.
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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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