Amphenol Co. (NYSE:APH) Holdings Raised by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its stake in Amphenol Co. (NYSE:APH) by 12.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 246,615 shares of the electronics maker’s stock after buying an additional 27,159 shares during the period. Canada Pension Plan Investment Board’s holdings in Amphenol were worth $16,614,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in Amphenol by 92.0% during the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after purchasing an additional 17,552,921 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Amphenol by 69.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock valued at $1,564,711,000 after purchasing an additional 9,487,387 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Amphenol by 39.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock worth $2,899,059,000 after buying an additional 8,340,759 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of Amphenol by 88.9% in the second quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock valued at $1,041,204,000 after buying an additional 7,275,279 shares during the period. Finally, National Bank of Canada FI boosted its stake in Amphenol by 263.0% during the second quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker’s stock valued at $240,935,000 after buying an additional 2,585,282 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Down 0.4 %

Shares of NYSE APH opened at $65.67 on Tuesday. The firm has a market capitalization of $78.88 billion, a PE ratio of 40.29, a PEG ratio of 2.45 and a beta of 1.24. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $64.05 and a two-hundred day moving average price of $63.15.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the company posted $0.72 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, analysts predict that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. Amphenol’s dividend payout ratio is 40.49%.

Analysts Set New Price Targets

APH has been the subject of a number of research analyst reports. Robert W. Baird cut their price target on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Stifel Nicolaus restated a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. TD Cowen increased their price objective on Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research report on Thursday, June 6th. Vertical Research assumed coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price on the stock. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.04.

Insider Activity at Amphenol

In other news, CEO Richard Adam Norwitt sold 750,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction 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 completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,516,000 shares of company stock valued at $98,236,640. Insiders own 1.80% of the company’s stock.

Amphenol Profile

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.