Aberdeen Asset Management PLC UK lowered its position in shares of Amphenol Corporation (NYSE:APH) by 7.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,398 shares of the electronics maker’s stock after selling 4,356 shares during the quarter. Aberdeen Asset Management PLC UK’s holdings in Amphenol Corporation were worth $3,942,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. HPM Partners LLC raised its stake in Amphenol Corporation by 584.8% during the second quarter. HPM Partners LLC now owns 22,318 shares of the electronics maker’s stock valued at $3,844,000 after buying an additional 19,059 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Amphenol Corporation during the second quarter valued at approximately $453,000. Franklin Resources Inc. raised its stake in Amphenol Corporation by 81.9% during the second quarter. Franklin Resources Inc. now owns 936,898 shares of the electronics maker’s stock valued at $69,162,000 after buying an additional 421,950 shares in the last quarter. CIBC World Markets Inc. raised its stake in Amphenol Corporation by 382.7% during the second quarter. CIBC World Markets Inc. now owns 30,293 shares of the electronics maker’s stock valued at $2,236,000 after buying an additional 24,017 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its stake in Amphenol Corporation by 3.8% during the second quarter. Commonwealth Bank of Australia now owns 17,666 shares of the electronics maker’s stock valued at $1,303,000 after buying an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.
Several analysts have issued reports on APH shares. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research note on Thursday. BidaskClub cut Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) cut Amphenol Corporation from a “buy” rating to a “neutral” rating and upped their price objective for the company from $75.00 to $78.00 in a research note on Wednesday, July 5th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Amphenol Corporation in a research note on Thursday, June 1st. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $80.00.
Shares of Amphenol Corporation (NYSE APH) opened at 82.58 on Friday. The stock’s 50 day moving average price is $79.43 and its 200-day moving average price is $74.45. Amphenol Corporation has a 12 month low of $62.64 and a 12 month high of $82.60. The firm has a market capitalization of $25.22 billion, a PE ratio of 27.80 and a beta of 0.76.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The company 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 quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 earnings per share. On average, equities analysts anticipate that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.92%. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 15th. Amphenol Corporation’s payout ratio is presently 21.55%.
In other Amphenol Corporation news, CEO Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $77.95, for a total transaction of $15,590,000.00. Following the sale, the chief executive officer now directly owns 293,992 shares of the company’s stock, valued at $22,916,676.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William J. Doherty sold 61,800 shares of Amphenol Corporation stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $78.12, for a total value of $4,827,816.00. Following 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. Insiders have sold 433,200 shares of company stock worth $33,886,886 over the last ninety days. Company insiders own 2.51% of the company’s stock.
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Amphenol Corporation 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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