DnB Asset Management AS Has $83.65 Million Position in Amphenol Co. (NYSE:APH)

DnB Asset Management AS raised its stake in Amphenol Co. (NYSE:APH) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 984,678 shares of the electronics maker’s stock after buying an additional 64,189 shares during the period. DnB Asset Management AS owned about 0.17% of Amphenol worth $83,648,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Moors & Cabot Inc. acquired a new stake in Amphenol during the 1st quarter valued at approximately $227,000. Caprock Group LLC raised its stake in Amphenol by 5.8% during the first quarter. Caprock Group LLC now owns 9,861 shares of the electronics maker’s stock worth $808,000 after buying an additional 538 shares during the last quarter. Claro Advisors LLC acquired a new position in Amphenol in the fourth quarter valued at $450,000. Wellington Management Group LLP grew its holdings in Amphenol by 1.5% during the 1st quarter. Wellington Management Group LLP now owns 1,173,690 shares of the electronics maker’s stock worth $95,914,000 after acquiring an additional 17,265 shares during the period. Finally, Xponance Inc. raised its position in shares of Amphenol by 2.0% in the 1st quarter. Xponance Inc. now owns 114,206 shares of the electronics maker’s stock worth $9,333,000 after acquiring an additional 2,255 shares in the last quarter. 93.46% of the stock is currently owned by institutional investors.

Amphenol Stock Down 0.0 %

APH traded down $0.03 during trading on Thursday, hitting $86.48. 382,433 shares of the company’s stock were exchanged, compared to its average volume of 2,521,124. The stock has a market cap of $51.58 billion, a P/E ratio of 28.18, a PEG ratio of 3.40 and a beta of 1.24. The business’s 50 day moving average is $86.57 and its two-hundred day moving average is $81.03. Amphenol Co. has a fifty-two week low of $65.21 and a fifty-two week high of $90.28. The company has a quick ratio of 1.60, a current ratio of 2.33 and a debt-to-equity ratio of 0.52.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, July 26th. The electronics maker reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.95 billion. Amphenol had a net margin of 15.15% and a return on equity of 25.85%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. As a group, equities analysts expect that Amphenol Co. will post 2.92 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Tuesday, September 19th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, September 18th. This represents a $0.84 annualized dividend and a yield of 0.97%. Amphenol’s dividend payout ratio (DPR) is currently 27.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Credit Suisse Group cut Amphenol from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $91.00 to $77.00 in a research note on Thursday, May 18th. UBS Group lifted their price objective on shares of Amphenol from $88.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, August 7th. StockNews.com started coverage on shares of Amphenol in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Bank of America lifted their price target on shares of Amphenol from $90.00 to $100.00 in a research note on Thursday, July 27th. Finally, Robert W. Baird raised their target price on Amphenol from $89.00 to $100.00 in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.25.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 50,000 shares of Amphenol stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $88.57, for a total transaction of $4,428,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, VP Lance E. D’amico sold 75,000 shares of Amphenol stock in a transaction on Friday, July 28th. The stock was sold at an average price of $88.71, for a total transaction of $6,653,250.00. Following the sale, the vice president now directly owns 25,700 shares in the company, valued at $2,279,847. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William J. Doherty sold 50,000 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $88.57, for a total value of $4,428,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 1,339,962 shares of company stock valued at $117,480,732. 2.22% of the stock is owned by insiders.

About Amphenol

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.