Arjuna Capital Trims Stake in Amphenol Co. (NYSE:APH)

Arjuna Capital reduced its stake in Amphenol Co. (NYSE:APH) by 0.6% during the third quarter, HoldingsChannel.com reports. The firm owned 28,194 shares of the electronics maker’s stock after selling 159 shares during the quarter. Arjuna Capital’s holdings in Amphenol were worth $1,837,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in APH. Concurrent Investment Advisors LLC boosted its position in shares of Amphenol by 23.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 4,979 shares of the electronics maker’s stock worth $574,000 after purchasing an additional 945 shares in the last quarter. Bleakley Financial Group LLC boosted its position in shares of Amphenol by 3.5% in the 1st quarter. Bleakley Financial Group LLC now owns 15,824 shares of the electronics maker’s stock worth $1,825,000 after purchasing an additional 531 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in Amphenol by 7.2% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 21,109 shares of the electronics maker’s stock valued at $2,435,000 after acquiring an additional 1,412 shares in the last quarter. Dearborn Partners LLC bought a new position in Amphenol in the 1st quarter valued at approximately $708,000. Finally, State Board of Administration of Florida Retirement System lifted its position in Amphenol by 6.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 689,245 shares of the electronics maker’s stock valued at $79,504,000 after acquiring an additional 41,599 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Vertical Research began coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Robert W. Baird increased their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America increased their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Evercore ISI upped their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Price Performance

Shares of APH traded up $0.26 during midday trading on Wednesday, hitting $72.25. 262,620 shares of the company traded hands, compared to its average volume of 6,623,133. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a 52 week low of $43.51 and a 52 week high of $74.70. The firm has a 50 day moving average of $66.03 and a 200-day moving average of $65.81. The stock has a market cap of $87.11 billion, a price-to-earnings ratio of 41.37, a PEG ratio of 2.44 and a beta of 1.23.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, analysts forecast that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s payout ratio is currently 37.93%.

Insiders Place Their Bets

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,242,672 shares of company stock valued at $155,170,080 over the last 90 days. Insiders own 1.80% of the company’s stock.

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.