Amphenol Co. (NYSE:APH) Position Boosted by Rhumbline Advisers
Rhumbline Advisers boosted its position in shares of Amphenol Co. (NYSE:APH) by 1.9% during the second quarter, Holdings Channel reports. The institutional investor owned 691,740 shares of the electronics maker’s stock after buying an additional 12,678 shares during the period. Rhumbline Advisers’ holdings in Amphenol were worth $51,064,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Alta Capital Management LLC boosted its stake in Amphenol by 2.7% in the first quarter. Alta Capital Management LLC now owns 587,928 shares of the electronics maker’s stock worth $41,842,000 after buying an additional 15,489 shares in the last quarter. DnB Asset Management AS boosted its stake in Amphenol by 17.6% in the first quarter. DnB Asset Management AS now owns 33,438 shares of the electronics maker’s stock worth $2,380,000 after buying an additional 5,000 shares in the last quarter. Reilly Financial Advisors LLC boosted its stake in Amphenol by 0.5% in the first quarter. Reilly Financial Advisors LLC now owns 146,106 shares of the electronics maker’s stock worth $10,398,000 after buying an additional 659 shares in the last quarter. Pinnacle Bank purchased a new stake in Amphenol during the first quarter worth $122,000. Finally, Atria Investments LLC boosted its stake in Amphenol by 2.8% in the first quarter. Atria Investments LLC now owns 12,151 shares of the electronics maker’s stock worth $865,000 after buying an additional 336 shares in the last quarter. Institutional investors and hedge funds own 96.75% of the company’s stock.
Amphenol Co. (APH) opened at 77.97 on Friday. Amphenol Co. has a 12 month low of $59.58 and a 12 month high of $78.58. The stock has a market capitalization of $23.82 billion, a price-to-earnings ratio of 26.25 and a beta of 0.77. The company has a 50 day moving average of $75.52 and a 200 day moving average of $72.40.
Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 net margin of 15.22% and a return on equity of 26.62%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. On average, equities analysts predict that Amphenol Co. will post $3.09 EPS for the current year.
The firm also recently declared 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. The ex-dividend date of this dividend is Friday, September 15th. This is a positive change from Amphenol’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 0.97%. Amphenol’s dividend payout ratio is 21.55%.
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A number of research firms have recently weighed in on APH. BidaskClub upgraded shares of Amphenol from a “buy” rating to a “strong-buy” rating in a report on Saturday. Zacks Investment Research cut shares of Amphenol from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Royal Bank Of Canada raised their price target on shares of Amphenol from $77.00 to $80.00 and gave the company a “top pick” rating in a report on Tuesday, June 27th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $72.00 price target on shares of Amphenol in a report on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $78.38.
In other Amphenol news, VP William J. Doherty sold 61,800 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $78.12, for a total transaction of $4,827,816.00. Following the sale, the vice president now directly owns 8,800 shares in the company, valued at $687,456. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $72.86, for a total transaction of $1,092,900.00. Following the sale, the chief financial officer now owns 40,000 shares in the company, valued at $2,914,400. The disclosure for this sale can be found here. Insiders have sold 1,265,200 shares of company stock worth $95,179,956 over the last quarter. 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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