Ameriprise Financial Inc. lifted its stake in shares of Amphenol Corporation (NYSE:APH) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,364,320 shares of the electronics maker’s stock after acquiring an additional 71,889 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.45% of Amphenol Corporation worth $100,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of APH. Sei Investments Co. increased its holdings in Amphenol Corporation by 255.7% in the first quarter. Sei Investments Co. now owns 124,167 shares of the electronics maker’s stock worth $8,838,000 after purchasing an additional 89,256 shares in the last quarter. Toronto Dominion Bank increased its holdings in Amphenol Corporation by 55.0% in the first quarter. Toronto Dominion Bank now owns 85,376 shares of the electronics maker’s stock worth $6,076,000 after purchasing an additional 30,291 shares in the last quarter. Sawtooth Solutions LLC increased its holdings in Amphenol Corporation by 1.5% in the first quarter. Sawtooth Solutions LLC now owns 13,094 shares of the electronics maker’s stock worth $932,000 after purchasing an additional 188 shares in the last quarter. Pioneer Investment Management Inc. increased its holdings in Amphenol Corporation by 12.7% in the first quarter. Pioneer Investment Management Inc. now owns 2,264,594 shares of the electronics maker’s stock worth $161,171,000 after purchasing an additional 255,097 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its holdings in Amphenol Corporation by 15.1% in the first quarter. State of Wisconsin Investment Board now owns 217,466 shares of the electronics maker’s stock worth $15,477,000 after purchasing an additional 28,568 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.
In other Amphenol Corporation news, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $80.98, for a total transaction of $1,214,700.00. Following the sale, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at $3,239,200. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 200,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 293,992 shares in the company, valued at $22,916,676.40. 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 quarter. 2.51% of the stock is owned by company insiders.
Shares of Amphenol Corporation (APH) opened at 82.58 on Friday. Amphenol Corporation has a 52 week low of $62.64 and a 52 week high of $82.60. The firm has a market cap of $25.22 billion, a PE ratio of 27.80 and a beta of 0.76. The firm has a 50-day moving average price of $79.43 and a 200-day moving average price of $74.45.
Amphenol Corporation (NYSE:APH) last released its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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%. Amphenol Corporation’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. On average, equities research analysts predict that Amphenol Corporation will post $3.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, September 15th. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 0.92%. Amphenol Corporation’s payout ratio is 21.55%.
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APH has been the subject of a number of research analyst reports. BidaskClub upgraded Amphenol Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a report on Tuesday, June 13th. Royal Bank Of Canada reiterated a “buy” rating on shares of Amphenol Corporation in a report on Thursday, June 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $72.00 target price on shares of Amphenol Corporation in a report on Friday, July 14th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $80.00.
Amphenol Corporation Company 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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