Sumitomo Mitsui Trust Holdings Inc. Decreases Position in Amphenol Corp. (APH)
Sumitomo Mitsui Trust Holdings Inc. lowered its stake in Amphenol Corp. (NYSE:APH) by 0.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 874,696 shares of the company’s stock after selling 3,343 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Amphenol Corp. were worth $50,146,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in APH. Wellington Management Group LLP increased its position in shares of Amphenol Corp. by 5.7% in the first quarter. Wellington Management Group LLP now owns 2,919,191 shares of the company’s stock valued at $168,788,000 after buying an additional 156,760 shares during the last quarter. Moore Capital Management LP bought a new position in shares of Amphenol Corp. during the first quarter valued at approximately $5,493,000. Independent Portfolio Consultants Inc. increased its position in shares of Amphenol Corp. by 11.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,070 shares of the company’s stock valued at $348,000 after buying an additional 630 shares during the last quarter. Aviva PLC increased its position in shares of Amphenol Corp. by 1.4% in the first quarter. Aviva PLC now owns 157,811 shares of the company’s stock valued at $9,125,000 after buying an additional 2,136 shares during the last quarter. Finally, Sterling Ridge Capital Management LP bought a new position in shares of Amphenol Corp. during the first quarter valued at approximately $457,000. 96.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Amphenol Corp. (NYSE:APH) traded down 0.80% during mid-day trading on Monday, reaching $63.05. The company’s stock had a trading volume of 1,131,242 shares. Amphenol Corp. has a 12 month low of $44.50 and a 12 month high of $65.79. The company has a 50-day moving average of $63.55 and a 200-day moving average of $59.50. The company has a market cap of $19.47 billion, a P/E ratio of 25.94 and a beta of 1.07.
Amphenol Corp. (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. Amphenol Corp. had a return on equity of 23.72% and a net margin of 13.03%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. Equities research analysts forecast that Amphenol Corp. will post $2.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.89%. Amphenol Corp.’s dividend payout ratio is currently 23.05%.
APH has been the topic of a number of recent analyst reports. Goldman Sachs Group Inc. raised Amphenol Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $60.00 to $70.00 in a research note on Tuesday, September 20th. RBC Capital Markets boosted their price objective on Amphenol Corp. from $63.00 to $65.00 and gave the company a “top pick” rating in a research note on Friday, August 26th. Royal Bank Of Canada boosted their price objective on Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a research note on Thursday, July 21st. Finally, Zacks Investment Research downgraded Amphenol Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $68.11.
In other news, insider Richard Adam Norwitt sold 262,000 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $59.01, for a total transaction of $15,460,620.00. Following the completion of the sale, the insider now directly owns 137,992 shares in the company, valued at $8,142,907.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Diana G. Reardon sold 240,000 shares of the stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $61.69, for a total transaction of $14,805,600.00. Following the sale, the director now owns 240,000 shares of the company’s stock, valued at $14,805,600. The disclosure for this sale can be found here. Insiders own 2.92% of the company’s stock.
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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