Shell Asset Management Co. Invests $5.54 Million in Amphenol Co. (APH) Stock

Shell Asset Management Co. bought a new stake in Amphenol Co. (NYSE:APH) in the 4th quarter, HoldingsChannel reports. The firm bought 63,058 shares of the electronics maker’s stock, valued at approximately $5,536,000.

Other large investors also recently modified their holdings of the company. Dupont Capital Management Corp purchased a new stake in Amphenol in the 4th quarter valued at $115,000. Fusion Family Wealth LLC purchased a new stake in Amphenol in the 4th quarter valued at $121,000. Cribstone Capital Management LLC grew its holdings in Amphenol by 123.5% in the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after buying an additional 1,050 shares in the last quarter. CENTRAL TRUST Co grew its holdings in Amphenol by 52.6% in the 4th quarter. CENTRAL TRUST Co now owns 1,915 shares of the electronics maker’s stock valued at $168,000 after buying an additional 660 shares in the last quarter. Finally, Zions Bancorporation purchased a new stake in Amphenol in the 3rd quarter valued at $169,000. Institutional investors own 95.51% of the company’s stock.

In related news, VP Lance E. D’amico sold 10,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $92.07, for a total transaction of $920,700.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Diana G. Reardon sold 503,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $90.73, for a total value of $45,637,190.00. Following the transaction, the director now directly owns 260,000 shares in the company, valued at approximately $23,589,800. The disclosure for this sale can be found here. Corporate insiders own 2.51% of the company’s stock.

Amphenol Co. (NYSE APH) opened at $89.99 on Monday. The firm has a market capitalization of $27,477.47, a price-to-earnings ratio of 43.90, a PEG ratio of 2.64 and a beta of 0.82. The company has a current ratio of 2.95, a quick ratio of 2.25 and a debt-to-equity ratio of 0.88. Amphenol Co. has a twelve month low of $68.57 and a twelve month high of $93.62.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Amphenol had a return on equity of 26.09% and a net margin of 9.28%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 EPS. research analysts predict that Amphenol Co. will post 3.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Monday, March 19th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Friday, March 16th. Amphenol’s dividend payout ratio is presently 37.07%.

Several brokerages have issued reports on APH. Morgan Stanley upped their target price on Amphenol from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. SunTrust Banks restated a “hold” rating and issued a $89.00 target price (up from $82.00) on shares of Amphenol in a report on Thursday, January 25th. Zacks Investment Research cut Amphenol from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Cowen reiterated a “buy” rating and set a $105.00 price target on shares of Amphenol in a report on Wednesday, January 10th. Finally, Wells Fargo & Co initiated coverage on Amphenol in a report on Friday, November 10th. They set an “outperform” rating and a $98.00 price target for the company. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Amphenol currently has a consensus rating of “Buy” and a consensus price target of $92.00.

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Amphenol Profile

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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