Cornerstone Capital Management Holdings LLC. trimmed its stake in shares of Amphenol Corporation (NYSE:APH) by 7.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,707 shares of the electronics maker’s stock after selling 4,224 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Amphenol were worth $4,460,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of APH. Vanguard Group Inc. raised its position in shares of Amphenol by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock worth $2,255,957,000 after purchasing an additional 765,862 shares during the last quarter. Capital World Investors raised its position in shares of Amphenol by 0.9% during the 2nd quarter. Capital World Investors now owns 26,040,751 shares of the electronics maker’s stock worth $1,922,328,000 after purchasing an additional 236,214 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Amphenol by 1,662.5% during the 2nd quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock worth $782,311,000 after purchasing an additional 9,996,239 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Amphenol by 2.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,634,492 shares of the electronics maker’s stock worth $710,446,000 after purchasing an additional 173,637 shares during the last quarter. Finally, Capital Research Global Investors raised its position in shares of Amphenol by 31.7% during the 2nd quarter. Capital Research Global Investors now owns 3,170,204 shares of the electronics maker’s stock worth $234,024,000 after purchasing an additional 762,494 shares during the last quarter. Institutional investors own 96.67% of the company’s stock.

In other news, CFO Craig A. Lampo sold 10,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $89.51, for a total transaction of $895,100.00. Following the completion of the sale, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $3,132,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diana G. Reardon sold 28,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $87.28, for a total transaction of $2,443,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 849,000 shares of company stock valued at $75,518,690 over the last three months. Corporate insiders own 2.51% of the company’s stock.

APH has been the subject of several research reports. Zacks Investment Research upgraded Amphenol from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Thursday, September 14th. Stifel Nicolaus lifted their target price on shares of Amphenol from $78.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Deutsche Bank reaffirmed a “buy” rating and issued a $95.00 target price (up from $80.00) on shares of Amphenol in a research note on Thursday, October 5th. SunTrust Banks lifted their target price on shares of Amphenol from $77.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Finally, Morgan Stanley lifted their target price on shares of Amphenol from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Amphenol currently has a consensus rating of “Buy” and a consensus price target of $87.90.

Shares of Amphenol Corporation (APH) opened at $89.13 on Friday. The company has a market cap of $27,217.92, a P/E ratio of 28.30, a price-to-earnings-growth ratio of 2.51 and a beta of 0.81. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.87. Amphenol Corporation has a 12 month low of $66.00 and a 12 month high of $91.26.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Amphenol had a net margin of 14.73% and a return on equity of 25.63%. Amphenol’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. equities analysts anticipate that Amphenol Corporation will post 3.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.85%. Amphenol’s dividend payout ratio is presently 24.20%.

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Amphenol 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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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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