Connable Office Inc. Holds Position in Amphenol Corporation (NYSE:APH)
Connable Office Inc. held its stake in Amphenol Corporation (NYSE:APH) during the second quarter, Holdings Channel reports. The firm owned 33,105 shares of the electronics maker’s stock at the end of the second quarter. Connable Office Inc.’s holdings in Amphenol Corporation were worth $2,444,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. DnB Asset Management AS boosted its stake in Amphenol Corporation by 17.6% in the first quarter. DnB Asset Management AS now owns 33,438 shares of the electronics maker’s stock valued at $2,380,000 after buying an additional 5,000 shares during the period. Reilly Financial Advisors LLC raised its position in shares of Amphenol Corporation by 0.5% in the first quarter. Reilly Financial Advisors LLC now owns 146,106 shares of the electronics maker’s stock valued at $10,398,000 after buying an additional 659 shares in the last quarter. Pinnacle Bank purchased a new position in shares of Amphenol Corporation during the first quarter valued at about $122,000. Atria Investments LLC raised its position in shares of Amphenol Corporation by 2.8% in the first quarter. Atria Investments LLC now owns 12,151 shares of the electronics maker’s stock valued at $865,000 after buying an additional 336 shares in the last quarter. Finally, BKD Wealth Advisors LLC raised its position in shares of Amphenol Corporation by 1.7% in the first quarter. BKD Wealth Advisors LLC now owns 29,814 shares of the electronics maker’s stock valued at $2,122,000 after buying an additional 491 shares in the last quarter. Institutional investors and hedge funds own 96.75% of the company’s stock.
Shares of Amphenol Corporation (NYSE:APH) opened at 78.49 on Thursday. The firm has a 50 day moving average price of $75.33 and a 200-day moving average price of $72.29. Amphenol Corporation has a 12-month low of $59.58 and a 12-month high of $78.58. The company has a market cap of $24.00 billion, a price-to-earnings ratio of 26.43 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 for the quarter, compared to the consensus estimate of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. On average, equities analysts expect that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.97%. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 15th. Amphenol Corporation’s dividend payout ratio is presently 21.55%.
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Several research analysts have recently issued reports on the company. Zacks Investment Research lowered Amphenol Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. BidaskClub lowered Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Royal Bank Of Canada increased their target price on Amphenol Corporation from $77.00 to $80.00 and gave the stock a “top pick” rating in a research report on Tuesday, June 27th. Stifel Nicolaus reissued a “hold” rating and issued a $72.00 target price on shares of Amphenol Corporation in a research report on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) lowered Amphenol Corporation from a “buy” rating to a “neutral” rating and increased their target price for the stock from $75.00 to $78.00 in a research report on Wednesday, July 5th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Amphenol Corporation has an average rating of “Buy” and a consensus target price of $78.38.
In other news, CFO Craig A. Lampo sold 15,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $72.86, for a total transaction of $1,092,900.00. Following the sale, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at approximately $2,914,400. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP William J. Doherty sold 61,800 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $78.12, for a total transaction of $4,827,816.00. Following the sale, the vice president now directly owns 8,800 shares in the company, valued at $687,456. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,265,200 shares of company stock worth $95,179,956. 2.51% of the stock is owned by 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, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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