Amphenol Corporation (NYSE:APH) Shares Sold by TD Asset Management Inc.
TD Asset Management Inc. lowered its position in Amphenol Corporation (NYSE:APH) by 18.1% during the second quarter, Holdings Channel reports. The firm owned 272,815 shares of the electronics maker’s stock after selling 60,287 shares during the period. TD Asset Management Inc.’s holdings in Amphenol Corporation were worth $20,139,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Birch Hill Investment Advisors LLC acquired a new position in Amphenol Corporation during the first quarter worth approximately $105,000. YorkBridge Wealth Partners LLC boosted its position 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 worth $114,000 after buying an additional 1,200 shares during the period. Israel Discount Bank of New York acquired a new position in Amphenol Corporation during the first quarter worth approximately $121,000. Pinnacle Bank acquired a new position in Amphenol Corporation during the first quarter worth approximately $122,000. Finally, Ledyard National Bank acquired a new position in Amphenol Corporation during the first quarter worth approximately $148,000. 96.75% of the stock is owned by institutional investors.
Shares of Amphenol Corporation (APH) opened at 77.97 on Friday. Amphenol Corporation 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. The company has a market cap of $23.82 billion, a price-to-earnings ratio of 26.25 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts anticipate that Amphenol Corporation will post $3.09 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be given a $0.19 dividend. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, September 15th. Amphenol Corporation’s payout ratio is currently 21.55%.
A number of equities analysts have recently commented on the company. Morgan Stanley boosted their price target on Amphenol Corporation from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Wednesday, June 7th. Royal Bank Of Canada boosted their price objective on Amphenol Corporation from $77.00 to $80.00 and gave the stock a “top pick” rating in a research report on Tuesday, June 27th. BidaskClub upgraded Amphenol Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus restated a “hold” rating and set a $72.00 price objective on shares of Amphenol Corporation in a research report on Friday, July 14th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $78.38.
In other news, CFO Craig A. Lampo sold 15,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at approximately $2,914,400. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP William J. Doherty sold 61,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $78.12, for a total value of $4,827,816.00. Following the completion of the sale, the vice president now directly owns 8,800 shares in the company, valued at $687,456. The disclosure for this sale can be found here. Over 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.
About Amphenol Corporation
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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