November 10, 2019 at 6:13 pm

Mackay Shields LLC Increases Stake in Amphenol Co. (NYSE:APH)

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Mackay Shields LLC raised its holdings in shares of Amphenol Co. (NYSE:APH) by 4.4% in the third quarter, Holdings Channel reports. The institutional investor owned 48,872 shares of the electronics maker’s stock after acquiring an additional 2,038 shares during the period. Mackay Shields LLC’s holdings in Amphenol were worth $4,716,000 as of its most recent filing with the Securities and Exchange Commission.

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A number of other hedge funds have also made changes to their positions in APH. Lenox Wealth Advisors LLC increased its holdings in Amphenol by 82.2% during the third quarter. Lenox Wealth Advisors LLC now owns 266 shares of the electronics maker’s stock valued at $26,000 after buying an additional 120 shares during the last quarter. Arrow Financial Corp purchased a new stake in Amphenol during the second quarter valued at approximately $31,000. Steward Partners Investment Advisory LLC purchased a new stake in Amphenol during the second quarter valued at approximately $37,000. SRS Capital Advisors Inc. purchased a new stake in Amphenol during the second quarter valued at approximately $40,000. Finally, FinTrust Capital Advisors LLC increased its holdings in Amphenol by 116.5% during the second quarter. FinTrust Capital Advisors LLC now owns 446 shares of the electronics maker’s stock valued at $43,000 after buying an additional 240 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

Shares of APH traded up $0.17 during mid-day trading on Friday, reaching $102.70. The stock had a trading volume of 780,888 shares, compared to its average volume of 1,346,915. The firm has a market cap of $30.96 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 2.98 and a beta of 1.04. Amphenol Co. has a 12 month low of $74.95 and a 12 month high of $105.51. The business has a fifty day moving average of $98.20 and a 200 day moving average of $94.34. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.39 and a current ratio of 1.99.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.08. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $1.98 billion. Amphenol had a net margin of 14.15% and a return on equity of 28.19%. The company’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.99 earnings per share. On average, research analysts forecast that Amphenol Co. will post 3.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. Amphenol’s payout ratio is currently 26.53%.

In related news, SVP William J. Doherty sold 72,334 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $100.68, for a total transaction of $7,282,587.12. Following the completion of the transaction, the senior vice president now owns 10,400 shares in the company, valued at $1,047,072. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 160,000 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $100.96, for a total transaction of $16,153,600.00. Following the transaction, the chief executive officer now owns 160,000 shares of the company’s stock, valued at approximately $16,153,600. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 577,760 shares of company stock valued at $58,686,372. 2.60% of the stock is owned by company insiders.

A number of equities analysts have weighed in on APH shares. Morgan Stanley dropped their price target on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Wells Fargo & Co upped their price target on shares of Amphenol from $109.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. started coverage on shares of Amphenol in a research report on Tuesday, October 22nd. They issued a “neutral” rating and a $104.00 price target for the company. Finally, ValuEngine lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $104.79.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets 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, busbars, and distribution systems; and other connectors.

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Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Co. (NYSE:APH).

Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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