Amphenol Corporation (APH) Position Cut by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can cut its stake in shares of Amphenol Corporation (NYSE:APH) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 217,563 shares of the electronics maker’s stock after selling 1,827 shares during the period. Great West Life Assurance Co. Can owned about 0.07% of Amphenol Corporation worth $16,047,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Birch Hill Investment Advisors LLC acquired a new stake in shares of Amphenol Corporation during the first quarter valued at $105,000. YorkBridge Wealth Partners LLC increased its stake in shares of Amphenol Corporation by 300.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock valued at $114,000 after buying an additional 1,200 shares during the last quarter. Israel Discount Bank of New York acquired a new stake in shares of Amphenol Corporation during the first quarter valued at $121,000. Pinnacle Bank acquired a new stake in shares of Amphenol Corporation during the first quarter valued at $122,000. Finally, Ledyard National Bank acquired a new stake in shares of Amphenol Corporation during the first quarter valued at $148,000. Institutional investors own 96.75% of the company’s stock.
Shares of Amphenol Corporation (NYSE:APH) opened at 77.98 on Tuesday. The company’s 50-day moving average is $74.94 and its 200-day moving average is $71.93. Amphenol Corporation has a 52 week low of $59.37 and a 52 week high of $78.39. The firm has a market cap of $23.85 billion, a PE ratio of 26.26 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Analysts forecast that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, September 15th. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s payout ratio is 21.55%.
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Several equities research analysts recently weighed in on APH shares. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research note on Thursday, June 22nd. Morgan Stanley upped their target price on shares of Amphenol Corporation from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. Deutsche Bank AG increased their price objective on shares of Amphenol Corporation from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Royal Bank Of Canada increased their price objective on shares of Amphenol Corporation from $77.00 to $80.00 and gave the company a “top pick” rating in a research report on Tuesday, June 27th. Finally, BidaskClub downgraded shares of Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $78.38.
In related news, CFO Craig A. Lampo sold 15,000 shares of Amphenol Corporation stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $72.86, for a total value of $1,092,900.00. Following the completion of the sale, the chief financial officer now owns 40,000 shares in the company, valued at $2,914,400. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Zachary W. Raley sold 432,000 shares of Amphenol Corporation stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $74.12, for a total transaction of $32,019,840.00. Following the completion of the sale, the senior vice president now owns 144,000 shares of the company’s stock, valued at approximately $10,673,280. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,203,400 shares of company stock valued at $90,352,140. Insiders own 2.51% of the company’s stock.
About Amphenol Corporation
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, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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