Amphenol Corporation (NYSE:APH) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lowered its position in shares of Amphenol Corporation (NYSE:APH) by 10.8% during the second quarter, Holdings Channel reports. The fund owned 44,193 shares of the electronics maker’s stock after selling 5,378 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Amphenol Corporation were worth $3,262,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in APH. Birch Hill Investment Advisors LLC acquired a new stake in Amphenol Corporation during the first quarter valued at approximately $105,000. YorkBridge Wealth Partners LLC raised its stake in Amphenol Corporation by 300.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock valued at $114,000 after buying an additional 1,200 shares in the last quarter. Israel Discount Bank of New York acquired a new stake in Amphenol Corporation during the first quarter valued at approximately $121,000. Pinnacle Bank acquired a new stake in Amphenol Corporation during the first quarter valued at approximately $122,000. Finally, Ledyard National Bank acquired a new stake in Amphenol Corporation during the first quarter valued at approximately $148,000. Institutional investors own 96.75% of the company’s stock.
Amphenol Corporation (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. The stock has a market cap of $23.82 billion, a P/E ratio of 26.25 and a beta of 0.77. Amphenol Corporation has a 12 month low of $59.58 and a 12 month high of $78.58.
Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. On average, equities analysts forecast that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be issued a $0.19 dividend. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.76 annualized dividend and a yield of 0.97%. Amphenol Corporation’s dividend payout ratio (DPR) is 21.55%.
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APH has been the subject of several recent research reports. BidaskClub lowered shares of Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) lowered shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $78.00 in a report on Wednesday, July 5th. Stifel Nicolaus boosted their price target on shares of Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, April 27th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Amphenol Corporation in a report on Thursday, June 1st. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Amphenol Corporation currently has a consensus rating of “Buy” and an average target price of $78.38.
In related news, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $72.86, for a total value of $1,092,900.00. Following the sale, the chief financial officer now owns 40,000 shares of the company’s stock, valued at $2,914,400. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $73.10, for a total transaction of $14,620,000.00. Following the completion of the sale, the chief executive officer now directly owns 293,992 shares in the company, valued at approximately $21,490,815.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,265,200 shares of company stock worth $95,179,956. 2.51% of the stock is owned by corporate insiders.
Amphenol Corporation 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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