Amphenol Co. (NYSE:APH) Shares Sold by Montag & Caldwell LLC
Montag & Caldwell LLC lowered its position in Amphenol Co. (NYSE:APH) by 59.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,305 shares of the electronics maker’s stock after selling 7,619 shares during the period. Montag & Caldwell LLC’s holdings in Amphenol were worth $392,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the company. Nuance Investments LLC bought a new position in Amphenol during the first quarter worth $5,611,000. Bfsg LLC bought a new position in Amphenol during the first quarter worth $2,072,000. Birch Hill Investment Advisors LLC bought a new position in Amphenol during the first quarter worth $105,000. National Pension Service boosted its position in Amphenol by 2.9% in the first quarter. National Pension Service now owns 282,709 shares of the electronics maker’s stock worth $20,324,000 after buying an additional 8,004 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Amphenol by 0.5% in the first quarter. Principal Financial Group Inc. now owns 474,394 shares of the electronics maker’s stock worth $33,763,000 after buying an additional 2,345 shares in the last quarter. Institutional investors own 96.75% of the company’s stock.
Shares of Amphenol Co. (NYSE APH) opened at 77.97 on Friday. The stock has a 50 day moving average of $75.52 and a 200-day moving average of $72.40. Amphenol Co. has a 12 month low of $59.58 and a 12 month high of $78.58. The firm has a market capitalization of $23.82 billion, a PE ratio of 26.25 and a beta of 0.77.
Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate 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 company posted $0.65 EPS. On average, equities research analysts anticipate that Amphenol Co. will post $3.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, September 15th. This is an increase from Amphenol’s previous quarterly dividend of $0.16. Amphenol’s payout ratio is 21.55%.
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A number of equities analysts have weighed in on APH shares. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Thursday, June 22nd. Morgan Stanley upped their price objective on shares of Amphenol from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Deutsche Bank AG upped their price objective on shares of Amphenol from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Royal Bank Of Canada upped their price objective on shares of Amphenol from $77.00 to $80.00 and gave the stock a “top pick” rating in a research report on Tuesday, June 27th. Finally, BidaskClub cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $78.38.
In other news, VP William J. Doherty sold 61,800 shares of Amphenol 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 transaction, the vice president now owns 8,800 shares of the company’s stock, valued at approximately $687,456. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Craig A. Lampo sold 15,000 shares of Amphenol stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $72.86, for a total value of $1,092,900.00. Following the transaction, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at approximately $2,914,400. The disclosure for this sale can be found here. Insiders have sold a total of 1,265,200 shares of company stock valued at $95,179,956 in the last ninety days. Corporate insiders own 2.51% of the company’s stock.
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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