Amphenol Corp. (APH) Position Increased by BlackRock Advisors LLC
BlackRock Advisors LLC increased its position in shares of Amphenol Corp. (NYSE:APH) by 2.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 505,903 shares of the company’s stock after buying an additional 10,938 shares during the period. BlackRock Advisors LLC owned approximately 0.16% of Amphenol Corp. worth $29,003,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Ngam Advisors L.P. boosted its position in Amphenol Corp. by 3.3% in the first quarter. Ngam Advisors L.P. now owns 195,187 shares of the company’s stock worth $11,285,000 after buying an additional 6,260 shares during the last quarter. Morris Capital Advisors LLC bought a new position in Amphenol Corp. during the first quarter worth approximately $842,000. Addenda Capital Inc. boosted its position in Amphenol Corp. by 0.3% in the first quarter. Addenda Capital Inc. now owns 89,827 shares of the company’s stock worth $5,170,000 after buying an additional 263 shares during the last quarter. Torray LLC boosted its position in Amphenol Corp. by 39.8% in the first quarter. Torray LLC now owns 864,522 shares of the company’s stock worth $49,987,000 after buying an additional 246,253 shares during the last quarter. Finally, B & T Capital Management DBA Alpha Capital Management bought a new position in Amphenol Corp. during the first quarter worth approximately $1,289,000. 96.81% of the stock is currently owned by institutional investors.
Amphenol Corp. (NYSE:APH) opened at 64.90 on Thursday. Amphenol Corp. has a 52 week low of $44.50 and a 52 week high of $65.18. The firm has a 50-day moving average of $61.54 and a 200 day moving average of $58.56. The stock has a market capitalization of $20.04 billion, a price-to-earnings ratio of 26.70 and a beta of 1.16.
Amphenol Corp. (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. The company earned $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Amphenol Corp. had a return on equity of 23.72% and a net margin of 13.03%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS. On average, analysts anticipate that Amphenol Corp. will post $2.63 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.86%. Amphenol Corp.’s dividend payout ratio is currently 23.05%.
A number of research firms have commented on APH. Zacks Investment Research cut shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. RBC Capital Markets reissued a “top pick” rating and set a $66.00 price target (up previously from $65.00) on shares of Amphenol Corp. in a research report on Tuesday. Goldman Sachs Group Inc. raised shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and increased their price target for the stock from $60.00 to $70.00 in a research report on Tuesday. Finally, Royal Bank Of Canada increased their price target on shares of Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a research report on Thursday, July 21st. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Amphenol Corp. presently has a consensus rating of “Buy” and an average price target of $68.11.
In other news, VP Patrick Gillard sold 30,000 shares of Amphenol Corp. stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $59.06, for a total value of $1,771,800.00. Following the transaction, the vice president now directly owns 6,400 shares of the company’s stock, valued at approximately $377,984. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Craig A. Lampo sold 14,000 shares of Amphenol Corp. stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $61.06, for a total value of $854,840.00. Following the completion of the transaction, the chief financial officer now directly owns 27,000 shares in the company, valued at $1,648,620. The disclosure for this sale can be found here. 2.92% of the stock is owned by insiders.
About Amphenol Corp.
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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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