Tokio Marine Asset Management Co. Ltd. decreased its stake in shares of Amphenol Corp. (NYSE:APH) by 3.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 10,415 shares of the company’s stock after selling 370 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Amphenol Corp. were worth $597,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. NN Investment Partners Holdings N.V. bought a new position in shares of Amphenol Corp. during the first quarter valued at $103,000. BlueMountain Capital Management LLC acquired a new stake in Amphenol Corp. during the first quarter worth approximately $139,000. Telemus Capital LLC acquired a new stake in Amphenol Corp. during the second quarter worth approximately $206,000. Menta Capital LLC acquired a new stake in Amphenol Corp. during the first quarter worth approximately $220,000. Finally, Canada Pension Plan Investment Board boosted its stake in Amphenol Corp. by 100.5% in the first quarter. Canada Pension Plan Investment Board now owns 4,190 shares of the company’s stock worth $242,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.
Shares of Amphenol Corp. (NYSE:APH) traded down 0.23% during midday trading on Friday, reaching $65.37. The company had a trading volume of 1,631,063 shares. The company’s 50-day moving average is $63.19 and its 200-day moving average is $59.27. Amphenol Corp. has a 1-year low of $44.50 and a 1-year high of $65.77. The stock has a market capitalization of $20.18 billion, a PE ratio of 26.89 and a beta of 1.07.
Amphenol Corp. (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Amphenol Corp. had a return on equity of 23.72% and a net margin of 13.03%. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share. On average, equities research analysts forecast that Amphenol Corp. will post $2.63 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.86%. Amphenol Corp.’s dividend payout ratio is currently 23.05%.
A number of research firms have recently commented on APH. Zacks Investment Research upgraded Amphenol Corp. from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Friday, July 22nd. RBC Capital Markets reiterated a “top pick” rating and set a $63.00 target price (up from $61.00) on shares of Amphenol Corp. in a research note on Friday, July 22nd. Royal Bank Of Canada lifted their target price on Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a research note on Thursday, July 21st. Finally, Goldman Sachs Group Inc. upgraded Amphenol Corp. from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $70.00 in a research note on Tuesday, September 20th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Amphenol Corp. currently has a consensus rating of “Buy” and a consensus target price of $68.11.
In other news, Director Diana G. Reardon sold 240,000 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $61.69, for a total value of $14,805,600.00. Following the sale, the director now directly owns 240,000 shares of the company’s stock, valued at $14,805,600. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 23,000 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $62.08, for a total value of $1,427,840.00. Following the completion of the sale, the chief financial officer now directly owns 43,000 shares in the company, valued at $2,669,440. The disclosure for this sale can be found here. 2.92% of the stock is owned by 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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