Amphenol Co. (NYSE:APH) Holdings Cut by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd decreased its holdings in shares of Amphenol Co. (NYSE:APH) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,860 shares of the electronics maker’s stock after selling 600 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Amphenol were worth $7,652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Endurance Wealth Management Inc. acquired a new position in shares of Amphenol during the 1st quarter worth $25,000. Prestige Wealth Management Group LLC increased its stake in shares of Amphenol by 100.0% during the 1st quarter. Prestige Wealth Management Group LLC now owns 408 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 204 shares during the last quarter. Atlas Private Wealth Management increased its stake in shares of Amphenol by 100.0% during the 1st quarter. Atlas Private Wealth Management now owns 428 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 214 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Amphenol by 67.2% during the 1st quarter. Loomis Sayles & Co. L P now owns 423 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 170 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of Amphenol by 112.4% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 478 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 253 shares during the last quarter. Institutional investors own 94.95% of the company’s stock.

A number of research analysts recently issued reports on APH shares. Morgan Stanley raised their target price on shares of Amphenol from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, July 29th. Royal Bank of Canada raised their price target on shares of Amphenol from $73.00 to $76.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 29th. Cowen raised their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 3rd. Evercore ISI restated a “buy” rating and issued a $77.00 price target on shares of Amphenol in a research report on Tuesday, June 8th. Finally, Robert W. Baird restated a “buy” rating on shares of Amphenol in a research report on Sunday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $72.61.

NYSE:APH opened at $75.73 on Wednesday. The company has a 50-day moving average of $73.21 and a 200-day moving average of $69.88. The company has a market capitalization of $45.30 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.51 and a beta of 1.25. Amphenol Co. has a 52 week low of $50.85 and a 52 week high of $77.25. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.58 and a current ratio of 2.17.

Amphenol (NYSE:APH) last released its quarterly earnings data on Tuesday, July 27th. The electronics maker reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.47 billion. Amphenol had a net margin of 14.35% and a return on equity of 25.50%. Sell-side analysts forecast that Amphenol Co. will post 2.39 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 13th. Stockholders of record on Tuesday, September 21st will be issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Monday, September 20th. Amphenol’s payout ratio is 31.02%.

In other news, VP Lance E. D’amico sold 40,000 shares of Amphenol stock in a transaction that occurred on Monday, August 2nd. The shares were sold at an average price of $72.61, for a total transaction of $2,904,400.00. Following the completion of the sale, the vice president now owns 53,200 shares in the company, valued at approximately $3,862,852. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Lance E. D’amico sold 27,500 shares of Amphenol stock in a transaction that occurred on Tuesday, September 7th. The stock was sold at an average price of $76.25, for a total transaction of $2,096,875.00. The disclosure for this sale can be found here. Insiders have sold a total of 462,900 shares of company stock valued at $34,706,495 over the last ninety days. 2.50% of the stock is owned by insiders.

About Amphenol

Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors interconnect systems, antennas, sensors and sensor-based products, and coaxial and high-speed specialty cable. It operates through the Interconnect Products and Assemblies; and Cables Products and Solutions segments.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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