Amphenol Corporation $APH Stock Bought by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. boosted its holdings in shares of Amphenol Corporation (NYSE:APH) by 135.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 560,817 shares of the electronics maker’s stock after buying an additional 323,043 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Amphenol were worth $47,283,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in APH. Werba Rubin Papier Wealth Management bought a new position in Amphenol in the third quarter valued at approximately $202,000. Welch Financial Planning LLC acquired a new position in Amphenol during the third quarter worth about $239,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Amphenol in the third quarter worth about $125,000. CENTRAL TRUST Co lifted its holdings in shares of Amphenol by 134.7% in the third quarter. CENTRAL TRUST Co now owns 9,850 shares of the electronics maker’s stock worth $830,000 after acquiring an additional 5,653 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in Amphenol by 93.2% in the third quarter. Fifth Third Bancorp now owns 955,401 shares of the electronics maker’s stock valued at $80,540,000 after buying an additional 460,897 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $116.00 price target (up from $102.00) on shares of Amphenol in a report on Tuesday, October 6th. Erste Group Bank assumed coverage on Amphenol in a report on Wednesday, October 21st. They set a “buy” rating on the stock. TD Cowen lowered their price objective on Amphenol from $175.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, September 9th. Wolfe Research began coverage on shares of Amphenol in a report on Wednesday, September 30th. They issued an “outperform” rating and a $105.00 price objective for the company. Finally, Robert W. Baird cut their target price on shares of Amphenol from $190.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Amphenol has a consensus rating of “Buy” and a consensus price target of $107.00.

Insider Buying and Selling at Amphenol

In other Amphenol news, CEO Richard Norwitt sold 799,576 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $82.48, for a total transaction of $65,949,028.48. Following the completion of the sale, the chief executive officer owned 3,855,014 shares in the company, valued at approximately $317,961,554.72. The trade was a 17.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by insiders.

Amphenol Stock Down 1.8%

Shares of NYSE APH opened at $78.15 on Friday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.42 and a current ratio of 1.94. The company has a market capitalization of $192.98 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 0.95 and a beta of 1.27. The company’s 50 day moving average price is $81.22 and its 200-day moving average price is $75.57. Amphenol Corporation has a 52-week low of $59.01 and a 52-week high of $89.93.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The firm had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.49 billion. During the same period last year, the business posted $0.93 EPS. The business’s revenue was up 65.1% compared to the same quarter last year. Equities analysts forecast that Amphenol Corporation will post 2.83 earnings per share for the current year.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Stockholders of record on Tuesday, December 22nd will be issued a dividend of $0.15 per share. This is a negative change from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 22nd. Amphenol’s dividend payout ratio is presently 21.74%.

Amphenol announced that its board has authorized a share buyback program on Wednesday, October 28th that allows the company to buy back $4 billion in outstanding shares. This repurchase authorization allows the electronics maker to purchase up to 2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Amphenol Profile

Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, antennas and sensor products. Its offerings also include cable assemblies and related components used to transmit signals and power in electronic equipment and systems. The company serves customers in a range of markets, including communications and information technology, automotive, aerospace and defense, industrial, mobile devices and data networks. Its products are used in applications such as vehicles, communications infrastructure, commercial aircraft and industrial equipment.