Commonwealth Bank of Australia Raises Stake in Amphenol Corporation (APH)

Commonwealth Bank of Australia lifted its holdings in shares of Amphenol Corporation (NYSE:APH) by 7.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,058 shares of the electronics maker’s stock after purchasing an additional 1,392 shares during the quarter. Commonwealth Bank of Australia’s holdings in Amphenol were worth $1,607,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Dupont Capital Management Corp acquired a new stake in shares of Amphenol during the second quarter worth about $109,000. People s United Financial Inc. increased its stake in Amphenol by 6.8% in the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after purchasing an additional 95 shares during the last quarter. Parallel Advisors LLC increased its stake in Amphenol by 28.9% in the second quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after purchasing an additional 391 shares during the last quarter. Cribstone Capital Management LLC increased its stake in Amphenol by 123.5% in the third quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after purchasing an additional 1,050 shares during the last quarter. Finally, Acrospire Investment Management LLC purchased a new position in Amphenol in the second quarter valued at approximately $148,000. 96.52% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Diana G. Reardon sold 503,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $90.73, for a total value of $45,637,190.00. Following the completion of the transaction, the director now owns 260,000 shares in the company, valued at $23,589,800. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jean-Luc Gavelle sold 88,000 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $86.37, for a total value of $7,600,560.00. Following the completion of the transaction, the vice president now owns 48,000 shares of the company’s stock, valued at approximately $4,145,760. The disclosure for this sale can be found here. In the last 90 days, insiders sold 849,000 shares of company stock valued at $75,518,690. Company insiders own 2.51% of the company’s stock.

APH has been the subject of several research analyst reports. BidaskClub raised Amphenol from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Stifel Nicolaus reissued a “hold” rating and issued a $72.00 price objective on shares of Amphenol in a report on Monday, August 14th. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Royal Bank Of Canada reissued a “top pick” rating and issued a $85.00 price objective (up from $81.00) on shares of Amphenol in a report on Tuesday, August 29th. Five analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Amphenol has an average rating of “Buy” and a consensus target price of $87.90.

Amphenol Corporation (NYSE APH) traded down $1.34 during mid-day trading on Tuesday, hitting $88.46. The stock had a trading volume of 1,291,400 shares, compared to its average volume of 1,145,062. The firm has a market capitalization of $27,419.45, a P/E ratio of 28.51, a P/E/G ratio of 2.53 and a beta of 0.81. Amphenol Corporation has a 1-year low of $66.00 and a 1-year high of $91.26. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the company earned $0.73 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. equities research analysts expect that Amphenol Corporation will post 3.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, December 15th. Amphenol’s dividend payout ratio is currently 24.20%.

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Amphenol Profile

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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