Amphenol Corp. (APH) Stake Raised by First Merchants Corp
First Merchants Corp boosted its position in Amphenol Corp. (NYSE:APH) by 16.5% during the second quarter, Holdings Channel reports. The institutional investor owned 12,795 shares of the company’s stock after buying an additional 1,813 shares during the period. First Merchants Corp’s holdings in Amphenol Corp. were worth $734,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. increased its position in shares of Amphenol Corp. by 2.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 32,620 shares of the company’s stock worth $1,704,000 after buying an additional 880 shares in the last quarter. Norges Bank purchased a new position in shares of Amphenol Corp. during the fourth quarter worth about $123,738,000. Chevy Chase Trust Holdings Inc. increased its position in shares of Amphenol Corp. by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 260,578 shares of the company’s stock worth $15,067,000 after buying an additional 5,802 shares in the last quarter. Independent Portfolio Consultants Inc. increased its position in shares of Amphenol Corp. by 26.2% in the first quarter. Independent Portfolio Consultants Inc. now owns 5,440 shares of the company’s stock worth $315,000 after buying an additional 1,130 shares in the last quarter. Finally, PacWest Financial Management Inc increased its position in shares of Amphenol Corp. by 0.7% in the first quarter. PacWest Financial Management Inc now owns 37,320 shares of the company’s stock worth $2,157,000 after buying an additional 250 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.
Amphenol Corp. (NYSE:APH) traded up 1.20% during trading on Wednesday, reaching $64.90. 1,148,420 shares of the company were exchanged. The firm’s 50 day moving average is $61.54 and its 200 day moving average is $58.56. The stock has a market capitalization of $20.04 billion, a PE ratio of 26.70 and a beta of 1.16. Amphenol Corp. has a 52-week low of $44.50 and a 52-week high of $65.18.
Amphenol Corp. (NYSE:APH) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The firm 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%. Amphenol Corp.’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. Analysts expect that Amphenol Corp. will post $2.63 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 13th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.86%. Amphenol Corp.’s dividend payout ratio is presently 23.05%.
A number of research firms have weighed in on APH. Zacks Investment Research cut shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a report on Tuesday. RBC Capital Markets reissued a “top pick” rating and set a $66.00 price objective (up previously from $65.00) on shares of Amphenol Corp. in a report on Tuesday. Goldman Sachs Group Inc. raised shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $70.00 in a report on Tuesday. Finally, Royal Bank Of Canada raised their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a report on Thursday, July 21st. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock 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 the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $59.06, for a total transaction of $1,771,800.00. Following the completion of the transaction, the vice president now directly owns 6,400 shares in the company, valued at approximately $377,984. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Craig A. Lampo sold 23,000 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $62.08, for a total value of $1,427,840.00. Following the transaction, the chief financial officer now owns 43,000 shares of the company’s stock, valued at $2,669,440. The disclosure for this sale can be found here. 2.92% of the stock is owned by company insiders.
Amphenol Corp. 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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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