Tower Research Capital LLC TRC Buys Shares of 3,157 Amphenol Corp. (APH)
Tower Research Capital LLC TRC bought a new position in Amphenol Corp. (NYSE:APH) during the second quarter, according to its most recent filing with the SEC. The institutional investor bought 3,157 shares of the company’s stock, valued at approximately $181,000.
Other hedge funds have also modified their holdings of the company. Commonwealth Equity Services Inc acquired a new stake in shares of Amphenol Corp. during the first quarter worth $387,000. Virginia Retirement System acquired a new stake in shares of Amphenol Corp. during the first quarter worth $289,000. Teachers Advisors Inc. boosted its stake in shares of Amphenol Corp. by 24.3% in the first quarter. Teachers Advisors Inc. now owns 346,368 shares of the company’s stock worth $20,027,000 after buying an additional 67,638 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Amphenol Corp. by 2.3% in the first quarter. Franklin Resources Inc. now owns 414,192 shares of the company’s stock worth $23,948,000 after buying an additional 9,138 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of Amphenol Corp. by 2.4% in the first quarter. BlackRock Group LTD now owns 2,395,085 shares of the company’s stock worth $138,485,000 after buying an additional 56,528 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.
Shares of Amphenol Corp. (NYSE:APH) opened at 64.40 on Tuesday. The stock has a market cap of $19.88 billion, a P/E ratio of 26.49 and a beta of 1.07. Amphenol Corp. has a 52-week low of $44.50 and a 52-week high of $65.77. The firm has a 50-day moving average of $62.64 and a 200-day moving average of $59.08.
Amphenol Corp. (NYSE:APH) last announced its earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. The company earned $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The company’s revenue was up 14.6% on a year-over-year basis. On average, equities analysts expect that Amphenol Corp. will post $2.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Tuesday, September 13th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.87%. Amphenol Corp.’s dividend payout ratio (DPR) is 23.05%.
A number of equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Royal Bank Of Canada raised their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a research note on Thursday, July 21st. RBC Capital Markets reaffirmed a “top pick” rating and issued a $63.00 price objective (up previously from $61.00) on shares of Amphenol Corp. in a research note on Friday, July 22nd. Finally, Goldman Sachs Group Inc. raised shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $70.00 in a research note on Tuesday, September 20th. Five equities research 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 company. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.11.
In related news, VP William J. Doherty sold 26,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $59.89, for a total transaction of $1,557,140.00. Following the completion of the sale, the vice president now directly owns 6,800 shares of the company’s stock, valued at $407,252. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard Adam Norwitt sold 262,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $59.01, for a total transaction of $15,460,620.00. Following the sale, the insider now directly owns 137,992 shares of the company’s stock, valued at $8,142,907.92. The disclosure for this sale can be found here. Corporate insiders own 2.92% of the company’s stock.
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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