Front Barnett Associates LLC Continues to Hold Position in Amphenol Corporation (APH)
Front Barnett Associates LLC continued to hold its stake in Amphenol Corporation (NYSE:APH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 99,784 shares of the electronics maker’s stock at the end of the second quarter. Amphenol Corporation accounts for 1.3% of Front Barnett Associates LLC’s investment portfolio, making the stock its 29th largest position. Front Barnett Associates LLC’s holdings in Amphenol Corporation were worth $7,366,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Elkhorn Investments LLC purchased a new stake in Amphenol Corporation during the first quarter valued at about $1,322,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Amphenol Corporation by 2.2% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 899,799 shares of the electronics maker’s stock valued at $64,039,000 after buying an additional 19,504 shares in the last quarter. Syntal Capital Partners LLC raised its stake in Amphenol Corporation by 60.8% in the first quarter. Syntal Capital Partners LLC now owns 6,916 shares of the electronics maker’s stock valued at $492,000 after buying an additional 2,614 shares in the last quarter. Eqis Capital Management Inc. raised its stake in Amphenol Corporation by 2.4% in the first quarter. Eqis Capital Management Inc. now owns 7,964 shares of the electronics maker’s stock valued at $567,000 after buying an additional 185 shares in the last quarter. Finally, Tyers Asset Management LLC raised its stake in Amphenol Corporation by 57.2% in the first quarter. Tyers Asset Management LLC now owns 21,392 shares of the electronics maker’s stock valued at $1,522,000 after buying an additional 7,784 shares in the last quarter. 96.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amphenol Corporation (APH) traded up 0.20% during midday trading on Thursday, reaching $80.47. The company’s stock had a trading volume of 149,067 shares. Amphenol Corporation has a 52-week low of $60.97 and a 52-week high of $80.63. The stock has a 50 day moving average price of $76.91 and a 200-day moving average price of $73.26. The company has a market capitalization of $24.58 billion, a price-to-earnings ratio of 27.09 and a beta of 0.77.
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 Zacks’ consensus estimate of $0.72 by $0.09. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Equities research analysts expect that Amphenol Corporation will post $3.09 EPS for the current 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 $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.95%. 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. Amphenol Corporation’s dividend payout ratio is presently 21.55%.
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Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Amphenol Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank Of Canada reissued a “top pick” rating and set a $85.00 price target (up from $81.00) on shares of Amphenol Corporation in a research report on Tuesday. Stifel Nicolaus reissued a “hold” rating and set a $72.00 price target on shares of Amphenol Corporation in a research report on Monday, August 14th. Finally, BidaskClub raised Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $79.63.
In other news, CEO Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $77.95, for a total value of $15,590,000.00. Following the completion of the transaction, the chief executive officer now directly owns 293,992 shares of the company’s stock, valued at approximately $22,916,676.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Martin Booker sold 46,000 shares of Amphenol Corporation stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $75.42, for a total value of $3,469,320.00. Following the completion of the transaction, the vice president now directly owns 20,400 shares of the company’s stock, valued at $1,538,568. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 464,200 shares of company stock valued at $36,141,506. 2.51% of the stock is owned by corporate insiders.
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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