DekaBank Deutsche Girozentrale raised its position in Amphenol Co. (NYSE:APH) by 104.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,555 shares of the electronics maker’s stock after buying an additional 130,469 shares during the period. DekaBank Deutsche Girozentrale owned about 0.08% of Amphenol worth $18,928,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of APH. Birch Hill Investment Advisors LLC purchased a new position in shares of Amphenol during the first quarter valued at about $105,000. YorkBridge Wealth Partners LLC increased its stake in Amphenol by 300.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock worth $114,000 after buying an additional 1,200 shares in the last quarter. Israel Discount Bank of New York bought a new stake in Amphenol during the first quarter worth approximately $121,000. Pinnacle Bank bought a new stake in Amphenol during the first quarter worth approximately $122,000. Finally, Ledyard National Bank bought a new stake in Amphenol during the first quarter worth approximately $148,000. 96.75% of the stock is currently owned by institutional investors.
Shares of Amphenol Co. (NYSE APH) opened at 77.97 on Friday. Amphenol Co. has a 12-month low of $59.58 and a 12-month high of $78.58. The firm has a market cap of $23.82 billion, a P/E ratio of 26.25 and a beta of 0.77. The company’s 50 day moving average price is $75.52 and its 200 day moving average price is $72.40.
Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.09. Amphenol had a return on equity of 26.62% and a net margin of 15.22%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts forecast that Amphenol Co. will post $3.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.19 per share. This is a positive change from Amphenol’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, September 15th. Amphenol’s dividend payout ratio is currently 21.55%.
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A number of equities research analysts recently commented on APH shares. Zacks Investment Research upgraded Amphenol from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a report on Thursday, June 22nd. Morgan Stanley upped their price objective on Amphenol from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Deutsche Bank AG upped their price objective on Amphenol from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Royal Bank Of Canada upped their price objective on Amphenol from $77.00 to $80.00 and gave the stock a “top pick” rating in a research report on Tuesday, June 27th. Finally, BidaskClub cut Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Amphenol currently has a consensus rating of “Buy” and an average price target of $78.38.
In other Amphenol news, SVP Zachary W. Raley sold 432,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $74.12, for a total transaction of $32,019,840.00. Following the completion of the transaction, the senior vice president now owns 144,000 shares of the company’s stock, valued at $10,673,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William J. Doherty sold 61,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $78.12, for a total transaction of $4,827,816.00. Following the transaction, the vice president now directly owns 8,800 shares of the company’s stock, valued at approximately $687,456. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,265,200 shares of company stock valued at $95,179,956. 2.51% of the stock is currently owned by company insiders.
Amphenol Company 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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