Amphenol Corporation (APH) Shares Bought by Bradley Foster & Sargent Inc. CT
Bradley Foster & Sargent Inc. CT raised its stake in Amphenol Corporation (NYSE:APH) by 0.5% during the third quarter, Holdings Channel reports. The fund owned 241,747 shares of the company’s stock after buying an additional 1,299 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Amphenol Corporation were worth $15,694,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors raised its position in shares of Amphenol Corporation by 2.9% in the second quarter. Capital World Investors now owns 21,581,295 shares of the company’s stock valued at $1,237,256,000 after buying an additional 606,707 shares during the last quarter. AGF Investments Inc. raised its position in shares of Amphenol Corporation by 5,829.7% in the second quarter. AGF Investments Inc. now owns 550,632 shares of the company’s stock valued at $31,563,000 after buying an additional 541,346 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Amphenol Corporation by 1.8% in the second quarter. Vanguard Group Inc. now owns 27,415,320 shares of the company’s stock valued at $1,571,720,000 after buying an additional 480,602 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Amphenol Corporation by 4.7% in the second quarter. Alliancebernstein L.P. now owns 9,513,942 shares of the company’s stock valued at $545,435,000 after buying an additional 431,308 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Amphenol Corporation by 8.4% in the second quarter. BlackRock Fund Advisors now owns 5,181,488 shares of the company’s stock valued at $297,055,000 after buying an additional 403,620 shares during the last quarter. Institutional investors own 96.09% of the company’s stock.
Shares of Amphenol Corporation (NYSE:APH) opened at 67.97 on Friday. Amphenol Corporation has a 1-year low of $44.50 and a 1-year high of $69.19. The company has a market capitalization of $20.97 billion, a price-to-earnings ratio of 27.30 and a beta of 0.96. The firm’s 50-day moving average is $67.92 and its 200-day moving average is $63.69.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 19th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. Amphenol Corporation had a return on equity of 23.48% and a net margin of 12.98%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. Analysts forecast that Amphenol Corporation will post $2.70 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Shareholders of record on Tuesday, December 13th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.94%. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.14. Amphenol Corporation’s dividend payout ratio (DPR) is presently 25.70%.
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Several research analysts recently issued reports on APH shares. Goldman Sachs Group, Inc. (The) upgraded shares of Amphenol Corporation from a “neutral” rating to a “buy” rating and increased their price target for the stock from $60.00 to $70.00 in a research note on Tuesday, September 20th. RBC Capital Markets reiterated a “top pick” rating and issued a $66.00 price target (up from $65.00) on shares of Amphenol Corporation in a research note on Tuesday, September 20th. Royal Bank Of Canada increased their price target on shares of Amphenol Corporation from $68.00 to $69.00 and gave the stock a “top pick” rating in a research note on Thursday, October 20th. Finally, Zacks Investment Research lowered shares of Amphenol Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, January 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $69.56.
In other Amphenol Corporation news, VP Edward C. Wetmore sold 84,000 shares of the firm’s stock in a transaction on Friday, October 21st. The stock was sold at an average price of $66.11, for a total value of $5,553,240.00. Following the transaction, the vice president now owns 90,784 shares in the company, valued at approximately $6,001,730.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 295,000 shares of the firm’s stock in a transaction on Monday, October 24th. The shares were sold at an average price of $66.11, for a total value of $19,502,450.00. Following the completion of the transaction, the chief executive officer now owns 304,992 shares in the company, valued at approximately $20,163,021.12. The disclosure for this sale can be found here. 2.92% of the stock is owned by company insiders.
Amphenol Corporation 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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