Private Bank & Trust Co. lowered its position in Amphenol Co. (NYSE:APH) by 9.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,875 shares of the electronics maker’s stock after selling 400 shares during the period. Private Bank & Trust Co.’s holdings in Amphenol were worth $286,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of Amphenol by 6.5% in the fourth quarter. AQR Capital Management LLC now owns 22,688 shares of the electronics maker’s stock worth $1,525,000 after buying an additional 1,392 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Amphenol by 103.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,745,948 shares of the electronics maker’s stock worth $117,330,000 after buying an additional 886,502 shares in the last quarter. USA Financial Portformulas Corp purchased a new stake in shares of Amphenol during the fourth quarter worth about $3,113,000. Teachers Advisors LLC increased its stake in shares of Amphenol by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 546,111 shares of the electronics maker’s stock worth $36,699,000 after buying an additional 9,435 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in shares of Amphenol during the fourth quarter worth about $1,504,000. Institutional investors and hedge funds own 96.75% of the company’s stock.
Shares of Amphenol Co. (NYSE:APH) traded up 0.26% during trading on Friday, reaching $77.97. 1,101,411 shares of the company’s stock traded hands. The company has a market capitalization of $23.82 billion, a price-to-earnings ratio of 26.25 and a beta of 0.77. The stock has a 50-day moving average of $75.52 and a 200-day moving average of $72.40. Amphenol Co. has a 1-year low of $59.58 and a 1-year high of $78.58.
Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. Amphenol had a net margin of 15.22% and a return on equity of 26.62%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. Amphenol’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts predict that Amphenol Co. will post $3.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be paid a dividend of $0.19 per share. This is an increase from Amphenol’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, September 15th. Amphenol’s payout ratio is currently 21.55%.
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A number of analysts have recently issued reports on APH shares. Royal Bank Of Canada raised their price target on shares of Amphenol from $75.00 to $77.00 and gave the stock a “top pick” rating in a report on Thursday, April 27th. Stifel Nicolaus increased their price objective on shares of Amphenol from $64.00 to $72.00 and gave the stock a “hold” rating in a research report on Thursday, April 27th. Zacks Investment Research raised shares of Amphenol from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Friday, April 28th. Deutsche Bank AG increased their price objective on shares of Amphenol from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Finally, Morgan Stanley increased their price objective on shares of Amphenol from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Three 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. The stock currently has a consensus rating of “Buy” and a consensus price target of $78.38.
In other Amphenol news, CEO Richard Adam Norwitt sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $73.10, for a total transaction of $14,620,000.00. Following the completion of the sale, the chief executive officer now directly owns 293,992 shares in the company, valued at $21,490,815.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Zachary W. Raley sold 432,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $74.12, for a total transaction of $32,019,840.00. Following the sale, the senior vice president now owns 144,000 shares of the company’s stock, valued at $10,673,280. 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 owned by insiders.
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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