Nuance Investments LLC Boosts Position in Amphenol Corporation (APH)
Nuance Investments LLC increased its stake in shares of Amphenol Corporation (NYSE:APH) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,392 shares of the electronics maker’s stock after buying an additional 2,559 shares during the period. Nuance Investments LLC’s holdings in Amphenol Corporation were worth $6,008,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Bfsg LLC bought a new stake in Amphenol Corporation during the first quarter valued at about $2,072,000. Birch Hill Investment Advisors LLC bought a new stake in Amphenol Corporation during the first quarter valued at about $105,000. Advisors Asset Management Inc. boosted its stake in Amphenol Corporation by 5.8% in the second quarter. Advisors Asset Management Inc. now owns 42,666 shares of the electronics maker’s stock valued at $3,150,000 after buying an additional 2,356 shares during the period. Principal Financial Group Inc. boosted its stake in Amphenol Corporation by 0.5% in the first quarter. Principal Financial Group Inc. now owns 474,394 shares of the electronics maker’s stock valued at $33,763,000 after buying an additional 2,345 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Amphenol Corporation by 3.7% in the first quarter. Teachers Advisors LLC now owns 566,319 shares of the electronics maker’s stock valued at $40,305,000 after buying an additional 20,208 shares during the period. 96.86% of the stock is owned by institutional investors.
Amphenol Corporation (NYSE APH) opened at 81.03 on Friday. The company has a market cap of $24.75 billion, a price-to-earnings ratio of 27.28 and a beta of 0.77. The company’s 50 day moving average is $77.62 and its 200 day moving average is $73.61. Amphenol Corporation has a 1-year low of $60.97 and a 1-year high of $81.17.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts forecast 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. Investors of record on Monday, September 18th will be paid a $0.19 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.94%. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s payout ratio is currently 21.55%.
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Several equities research analysts have issued reports on APH shares. Zacks Investment Research raised shares of Amphenol Corporation 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. Royal Bank Of Canada upped their price target on shares of 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 cut shares of Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $72.00 price target on shares of Amphenol Corporation in a research report on Monday, August 14th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $79.63.
In related news, CEO Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock in a transaction that occurred on Thursday, August 3rd. The shares were 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 owns 293,992 shares in the company, valued at $22,916,676.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David M. Silverman sold 16,000 shares of Amphenol Corporation stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $80.04, for a total transaction of $1,280,640.00. Following the completion of the transaction, the vice president now owns 16,000 shares of the company’s stock, valued at approximately $1,280,640. The disclosure for this sale can be found here. Insiders sold 418,200 shares of company stock valued at $32,672,186 in the last quarter. 2.51% of the stock is owned by 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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