Penobscot Investment Management Company Inc. held its position in shares of Amphenol Corp. (NYSE:APH) during the second quarter, Holdings Channel reports. The firm owned 13,825 shares of the company’s stock at the end of the second quarter. Penobscot Investment Management Company Inc.’s holdings in Amphenol Corp. were worth $792,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Montag & Caldwell LLC increased its position in shares of Amphenol Corp. by 0.3% in the second quarter. Montag & Caldwell LLC now owns 13,244 shares of the company’s stock worth $759,000 after buying an additional 40 shares during the period. Quadrant Capital Group LLC increased its position in Amphenol Corp. by 3.2% in the second quarter. Quadrant Capital Group LLC now owns 3,215 shares of the company’s stock valued at $181,000 after buying an additional 99 shares during the period. Hancock Holding Co. increased its position in Amphenol Corp. by 2.6% in the first quarter. Hancock Holding Co. now owns 5,850 shares of the company’s stock valued at $338,000 after buying an additional 150 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in Amphenol Corp. by 1.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,001 shares of the company’s stock valued at $580,000 after buying an additional 158 shares during the period. Finally, Eqis Capital Management Inc. increased its position in Amphenol Corp. by 2.7% in the second quarter. Eqis Capital Management Inc. now owns 6,533 shares of the company’s stock valued at $375,000 after buying an additional 171 shares during the period. Institutional investors and hedge funds own 96.78% of the company’s stock.
Amphenol Corp. (NYSE:APH) traded up 0.25% during mid-day trading on Tuesday, hitting $63.21. 1,734,668 shares of the stock traded hands. Amphenol Corp. has a 12-month low of $44.50 and a 12-month high of $65.79. The company has a market cap of $19.51 billion, a price-to-earnings ratio of 26.00 and a beta of 1.07. The firm’s 50-day moving average is $63.59 and its 200-day moving average is $59.56.
Amphenol Corp. (NYSE:APH) last issued its earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. Equities research analysts expect that Amphenol Corp. will post $2.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Tuesday, September 13th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.89%. Amphenol Corp.’s dividend payout ratio (DPR) is 23.05%.
Several research firms recently weighed in on APH. Zacks Investment Research downgraded shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. RBC Capital Markets restated a “top pick” rating and set a $66.00 price target (up previously from $65.00) on shares of Amphenol Corp. in a research report on Tuesday, September 20th. Goldman Sachs Group Inc. upgraded shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and upped their price target for the stock from $60.00 to $70.00 in a research report on Tuesday, September 20th. Finally, Royal Bank Of Canada upped their price target on shares of Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a research report on Thursday, July 21st. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Amphenol Corp. currently has a consensus rating of “Buy” and an average price target of $68.11.
In related news, CFO Craig A. Lampo sold 14,000 shares of the firm’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $61.06, for a total value of $854,840.00. Following the completion of the sale, the chief financial officer now owns 27,000 shares in the company, valued at $1,648,620. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Patrick Gillard sold 30,000 shares of the firm’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $59.06, for a total transaction of $1,771,800.00. Following the completion of the sale, the vice president now owns 6,400 shares of the company’s stock, valued at approximately $377,984. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by corporate insiders.
About Amphenol Corp.
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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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