TLP Group LLC purchased a new position in Amphenol Co. (NYSE:APH) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,778 shares of the electronics maker’s stock, valued at approximately $498,000. Amphenol makes up about 0.3% of TLP Group LLC’s portfolio, making the stock its 25th biggest holding.
Several other large investors have also added to or reduced their stakes in the stock. Reilly Herbert Faulkner III lifted its stake in shares of Amphenol by 1.0% in the first quarter. Reilly Herbert Faulkner III now owns 61,185 shares of the electronics maker’s stock worth $5,270,000 after acquiring an additional 584 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Amphenol by 7.2% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 8,838 shares of the electronics maker’s stock worth $761,000 after acquiring an additional 595 shares in the last quarter. Meadow Creek Investment Management LLC lifted its stake in shares of Amphenol by 5.2% in the fourth quarter. Meadow Creek Investment Management LLC now owns 12,528 shares of the electronics maker’s stock worth $1,100,000 after acquiring an additional 624 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Amphenol by 87.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,369 shares of the electronics maker’s stock worth $120,000 after acquiring an additional 640 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its stake in shares of Amphenol by 18.6% in the fourth quarter. Penserra Capital Management LLC now owns 4,130 shares of the electronics maker’s stock worth $362,000 after acquiring an additional 649 shares in the last quarter. Institutional investors and hedge funds own 95.00% of the company’s stock.
Several research analysts recently commented on the company. Zacks Investment Research cut Amphenol from a “buy” rating to a “hold” rating in a research note on Thursday, May 24th. Morgan Stanley boosted their price target on Amphenol from $90.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 26th. Finally, ValuEngine upgraded Amphenol from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Amphenol presently has a consensus rating of “Buy” and an average price target of $91.89.
Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, April 25th. The electronics maker reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.03. Amphenol had a return on equity of 26.65% and a net margin of 9.45%. The firm had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Amphenol’s revenue for the quarter was up 19.7% compared to the same quarter last year. analysts anticipate that Amphenol Co. will post 3.52 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 10th. Shareholders of record on Monday, June 18th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, June 15th. This represents a $0.92 annualized dividend and a yield of 1.01%. This is a boost from Amphenol’s previous quarterly dividend of $0.19. Amphenol’s dividend payout ratio is presently 24.36%.
Amphenol declared that its board has approved a stock buyback plan on Wednesday, April 25th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the electronics maker to purchase up to 7.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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, bus bars, and distribution systems; and other connectors.
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