Guardian Capital LP Purchases 945 Shares of Amphenol Co. (NYSE:APH)

Guardian Capital LP boosted its position in Amphenol Co. (NYSE:APHGet Rating) by 6.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 14,840 shares of the electronics maker’s stock after acquiring an additional 945 shares during the period. Guardian Capital LP’s holdings in Amphenol were worth $1,118,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Prospera Financial Services Inc bought a new stake in Amphenol in the 1st quarter valued at about $30,000. Riverview Trust Co purchased a new position in Amphenol during the 1st quarter valued at about $34,000. Tcwp LLC purchased a new position in Amphenol during the 1st quarter valued at about $36,000. Valley National Advisers Inc. grew its holdings in Amphenol by 124.9% during the 1st quarter. Valley National Advisers Inc. now owns 497 shares of the electronics maker’s stock valued at $37,000 after buying an additional 276 shares in the last quarter. Finally, NuWave Investment Management LLC purchased a new position in Amphenol during the 1st quarter valued at about $38,000. 93.50% of the stock is currently owned by institutional investors.

Amphenol Stock Up 0.7 %

Shares of APH opened at $76.40 on Tuesday. The firm has a market cap of $45.44 billion, a P/E ratio of 26.71, a P/E/G ratio of 2.24 and a beta of 1.25. The stock has a 50 day simple moving average of $73.10 and a two-hundred day simple moving average of $71.76. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.45 and a quick ratio of 1.65. Amphenol Co. has a 1 year low of $61.67 and a 1 year high of $88.45.

Amphenol (NYSE:APHGet Rating) last issued its earnings results on Wednesday, July 27th. The electronics maker reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.94 billion. Amphenol had a return on equity of 27.28% and a net margin of 15.00%. Amphenol’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. On average, analysts forecast that Amphenol Co. will post 2.94 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Tuesday, September 20th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Monday, September 19th. Amphenol’s dividend payout ratio is currently 27.97%.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $76.93, for a total value of $1,538,600.00. Following the completion of the sale, the vice president now owns 25,700 shares in the company, valued at $1,977,101. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amphenol news, insider Jean-Luc Gavelle sold 122,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $77.44, for a total value of $9,447,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lance E. D’amico sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $76.93, for a total value of $1,538,600.00. Following the completion of the sale, the vice president now owns 25,700 shares of the company’s stock, valued at approximately $1,977,101. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

APH has been the subject of a number of recent analyst reports. The Goldman Sachs Group reduced their target price on Amphenol from $87.00 to $83.00 in a report on Wednesday, June 1st. Cowen reduced their target price on Amphenol from $80.00 to $73.00 and set a “market perform” rating for the company in a report on Friday, July 1st. JPMorgan Chase & Co. raised Amphenol from a “neutral” rating to an “overweight” rating and set a $83.00 target price for the company in a report on Thursday, July 14th. UBS Group boosted their price objective on Amphenol from $88.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, August 23rd. Finally, StockNews.com raised Amphenol from a “hold” rating to a “buy” rating in a report on Wednesday, September 7th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.90.

About Amphenol

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Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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