Coastline Trust Co maintained its position in shares of Amphenol Corporation (NYSE:APH) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,526 shares of the electronics maker’s stock at the close of the 2nd quarter. Coastline Trust Co’s holdings in Amphenol Corporation were worth $335,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Birch Hill Investment Advisors LLC purchased a new stake in shares of Amphenol Corporation during the 1st quarter valued at $105,000. Dupont Capital Management Corp purchased a new stake in shares of Amphenol Corporation during the 2nd quarter valued at $109,000. YorkBridge Wealth Partners LLC raised its position in shares of Amphenol Corporation by 300.0% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock valued at $114,000 after buying an additional 1,200 shares in the last quarter. Israel Discount Bank of New York purchased a new stake in shares of Amphenol Corporation during the 1st quarter valued at $121,000. Finally, Parallel Advisors LLC raised its position in shares of Amphenol Corporation by 28.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after buying an additional 391 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.
Several analysts have recently weighed in on the stock. BidaskClub upgraded shares of Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Zacks Investment Research cut shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Royal Bank Of Canada raised their price objective on shares of Amphenol Corporation from $77.00 to $80.00 and gave the company a “top pick” rating in a research report on Tuesday, June 27th. Finally, Stifel Nicolaus restated a “hold” rating and set a $72.00 price objective on shares of Amphenol Corporation in a research report on Monday, August 14th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Amphenol Corporation has a consensus rating of “Buy” and a consensus price target of $79.75.
In other Amphenol Corporation news, SVP Luc Walter sold 110,400 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $77.70, for a total transaction of $8,578,080.00. Following the completion of the transaction, the senior vice president now owns 130,400 shares in the company, valued at $10,132,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 200,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $77.95, for a total transaction of $15,590,000.00. Following the transaction, the chief executive officer now owns 293,992 shares of the company’s stock, valued at approximately $22,916,676.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 433,200 shares of company stock valued at $33,886,886. 2.51% of the stock is owned by company insiders.
Amphenol Corporation (APH) opened at 82.12 on Wednesday. The company has a 50-day moving average of $78.67 and a 200-day moving average of $74.16. The stock has a market cap of $25.08 billion, a PE ratio of 27.65 and a beta of 0.76. Amphenol Corporation has a 12 month low of $61.38 and a 12 month high of $82.30.
Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. Amphenol Corporation’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, equities analysts forecast that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be given a dividend of $0.19 per share. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.93%. Amphenol Corporation’s dividend payout ratio is currently 21.55%.
Amphenol Corporation 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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