LMR Partners LLP Buys Shares of 7,807 Amphenol Corp. (APH)
LMR Partners LLP bought a new position in shares of Amphenol Corp. (NYSE:APH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,807 shares of the company’s stock, valued at approximately $448,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in Amphenol Corp. by 5.7% in the first quarter. Wellington Management Group LLP now owns 2,919,191 shares of the company’s stock worth $168,788,000 after buying an additional 156,760 shares during the period. Moore Capital Management LP acquired a new position in Amphenol Corp. during the first quarter worth $5,493,000. Independent Portfolio Consultants Inc. increased its position in Amphenol Corp. by 11.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,070 shares of the company’s stock worth $348,000 after buying an additional 630 shares during the period. Aviva PLC increased its position in Amphenol Corp. by 1.4% in the first quarter. Aviva PLC now owns 157,811 shares of the company’s stock worth $9,125,000 after buying an additional 2,136 shares during the period. Finally, Sterling Ridge Capital Management LP acquired a new position in Amphenol Corp. during the first quarter worth $457,000. 96.81% of the stock is owned by institutional investors and hedge funds.
Amphenol Corp. (NYSE:APH) traded up 0.09% during mid-day trading on Wednesday, hitting $64.06. 587,009 shares of the stock were exchanged. Amphenol Corp. has a 52 week low of $44.50 and a 52 week high of $65.79. The stock’s 50-day moving average is $63.37 and its 200 day moving average is $59.39. The company has a market capitalization of $19.78 billion, a PE ratio of 26.35 and a beta of 1.07.
Amphenol Corp. (NYSE:APH) last announced its earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Amphenol Corp.’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the firm posted $0.58 earnings per share. On average, analysts anticipate 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. Investors of record on Tuesday, September 13th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.88%. Amphenol Corp.’s dividend payout ratio is currently 23.05%.
APH has been the subject of a number of analyst reports. Goldman Sachs Group Inc. raised shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and raised their target price for the company from $60.00 to $70.00 in a research report on Tuesday, September 20th. RBC Capital Markets lifted their price objective on shares of Amphenol Corp. from $63.00 to $65.00 and gave the company a “top pick” rating in a research report on Friday, August 26th. Royal Bank Of Canada lifted their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a research report on Thursday, July 21st. Finally, Zacks Investment Research downgraded shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $68.11.
In other Amphenol Corp. news, VP Martin Booker sold 21,200 shares of the stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $59.11, for a total transaction of $1,253,132.00. Following the transaction, the vice president now directly owns 6,400 shares in the company, valued at $378,304. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Patrick Gillard sold 30,000 shares of the stock in a transaction that occurred on 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 transaction, the vice president now owns 6,400 shares in the company, valued at $377,984. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by corporate insiders.
Amphenol Corp. 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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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