Amphenol Co. (APH) Shares Sold by Cigna Investments Inc. New
Cigna Investments Inc. New lowered its position in shares of Amphenol Co. (NYSE:APH) by 7.6% during the second quarter, Holdings Channel reports. The firm owned 11,816 shares of the electronics maker’s stock after selling 969 shares during the period. Cigna Investments Inc. New’s holdings in Amphenol were worth $874,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of APH. Global X Management Co. LLC raised its position in shares of Amphenol by 14.7% in the second quarter. Global X Management Co. LLC now owns 4,574 shares of the electronics maker’s stock worth $338,000 after buying an additional 587 shares during the period. Pioneer Investment Management Inc. raised its position in shares of Amphenol by 4.5% in the second quarter. Pioneer Investment Management Inc. now owns 2,365,664 shares of the electronics maker’s stock worth $174,633,000 after buying an additional 101,070 shares during the period. Advisor Partners LLC raised its position in shares of Amphenol by 4.5% in the second quarter. Advisor Partners LLC now owns 4,943 shares of the electronics maker’s stock worth $365,000 after buying an additional 214 shares during the period. Palisade Capital Management LLC NJ raised its position in shares of Amphenol by 5.1% in the second quarter. Palisade Capital Management LLC NJ now owns 251,088 shares of the electronics maker’s stock worth $18,535,000 after buying an additional 12,084 shares during the period. Finally, First Bank & Trust raised its position in shares of Amphenol by 0.5% in the second quarter. First Bank & Trust now owns 8,644 shares of the electronics maker’s stock worth $638,000 after buying an additional 43 shares during the period. 96.75% of the stock is currently owned by institutional investors.
Amphenol Co. (NYSE:APH) opened at 77.97 on Friday. The firm has a market capitalization of $23.82 billion, a price-to-earnings ratio of 26.25 and a beta of 0.77. Amphenol Co. has a 12-month low of $59.58 and a 12-month high of $78.58. 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 posted its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Amphenol had a return on equity of 26.62% and a net margin of 15.22%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Equities analysts expect 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 $0.19 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.97%. This is a positive change from Amphenol’s previous quarterly dividend of $0.16. Amphenol’s payout ratio is currently 21.55%.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a report on Wednesday, July 19th. Stifel Nicolaus reissued a “hold” rating and set a $72.00 price target on shares of Amphenol in a report on Friday, July 14th. BidaskClub raised Amphenol from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) lowered Amphenol from a “buy” rating to a “neutral” rating and raised their price target for the company from $75.00 to $78.00 in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada raised their price target on Amphenol from $77.00 to $80.00 and gave the company a “top pick” rating in a report on Tuesday, June 27th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Amphenol has an average rating of “Buy” and an average price target of $78.38.
In other news, VP William J. Doherty sold 61,800 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $78.12, for a total transaction of $4,827,816.00. Following the completion of the sale, the vice president now owns 8,800 shares in the company, valued at $687,456. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Martin Booker sold 46,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $75.42, for a total value of $3,469,320.00. Following the sale, the vice president now owns 20,400 shares of the company’s stock, valued at approximately $1,538,568. The disclosure for this sale can be found here. In the last three months, insiders sold 1,265,200 shares of company stock worth $95,179,956. Insiders own 2.51% of the company’s stock.
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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