Mason Street Advisors LLC Sells 228 Shares of Amphenol Co. (NYSE:APH)

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Mason Street Advisors LLC decreased its stake in shares of Amphenol Co. (NYSE:APH) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,377 shares of the electronics maker’s stock after selling 228 shares during the quarter. Mason Street Advisors LLC’s holdings in Amphenol were worth $4,089,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Amphenol by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 32,440,400 shares of the electronics maker’s stock valued at $3,112,332,000 after purchasing an additional 398,014 shares during the period. BlackRock Inc. increased its holdings in Amphenol by 2.0% in the 2nd quarter. BlackRock Inc. now owns 22,903,031 shares of the electronics maker’s stock worth $2,197,317,000 after acquiring an additional 456,490 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Amphenol by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,234,689 shares of the electronics maker’s stock worth $1,269,736,000 after acquiring an additional 59,996 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Amphenol by 4.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,767,419 shares of the electronics maker’s stock worth $647,305,000 after acquiring an additional 277,084 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt increased its holdings in Amphenol by 6.2% in the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,605,000 shares of the electronics maker’s stock worth $444,382,000 after acquiring an additional 270,000 shares in the last quarter. Institutional investors own 94.09% of the company’s stock.

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

In related news, Director Stanley L. Clark sold 4,860 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $102.95, for a total value of $500,337.00. Following the completion of the sale, the director now owns 25,271 shares of the company’s stock, valued at $2,601,649.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP William J. Doherty sold 72,334 shares of the company’s stock in a transaction dated 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 directly owns 10,400 shares in the company, valued at approximately $1,047,072. The disclosure for this sale can be found here. Insiders have sold 577,760 shares of company stock valued at $58,686,372 in the last ninety days. Insiders own 2.60% of the company’s stock.

Shares of Amphenol stock traded up $0.20 during trading hours on Wednesday, reaching $101.71. 24,755 shares of the company’s stock were exchanged, compared to its average volume of 1,341,286. Amphenol Co. has a 1 year low of $74.95 and a 1 year high of $105.51. The company has a market capitalization of $30.45 billion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 2.93 and a beta of 1.04. The business has a fifty day moving average of $98.70 and a two-hundred day moving average of $94.31. The company has a quick ratio of 1.39, a current ratio of 1.99 and a debt-to-equity ratio of 0.84.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, December 16th. Amphenol’s payout ratio is 26.53%.

Amphenol Profile

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.

Further Reading: Market Capitalization – What it Means for Investors

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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