Retirement Systems of Alabama Sells 541 Shares of Amphenol Corporation (APH)
Retirement Systems of Alabama lowered its stake in shares of Amphenol Corporation (NYSE:APH) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 148,179 shares of the electronics maker’s stock after selling 541 shares during the period. Retirement Systems of Alabama’s holdings in Amphenol Corporation were worth $10,939,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in APH. Birch Hill Investment Advisors LLC purchased a new position in shares of Amphenol Corporation during the first quarter valued at $105,000. YorkBridge Wealth Partners LLC boosted its position 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 purchased a new position in shares of Amphenol Corporation during the first quarter valued at $121,000. Pinnacle Bank purchased a new position in shares of Amphenol Corporation during the first quarter valued at $122,000. Finally, Ledyard National Bank purchased a new position in shares of Amphenol Corporation during the first quarter valued at $148,000. 96.75% of the stock is currently owned by hedge funds and other institutional investors.
Amphenol Corporation (NYSE:APH) opened at 77.77 on Friday. The firm has a market cap of $23.75 billion, a PE ratio of 26.19 and a beta of 0.77. Amphenol Corporation has a 52-week low of $59.58 and a 52-week high of $78.58. The firm has a 50-day moving average of $75.41 and a 200-day moving average of $72.33.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. Equities analysts anticipate that Amphenol Corporation will post $3.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders 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 yield of 0.98%. This is a positive change 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 (DPR) is presently 21.55%.
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Several brokerages have recently weighed in on APH. Morgan Stanley boosted their price target on shares of Amphenol Corporation from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Royal Bank Of Canada boosted their price target 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. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Thursday, June 22nd. BidaskClub cut shares of Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus boosted their price target on shares of Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, April 27th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Amphenol Corporation has a consensus rating of “Buy” and an average target price of $78.38.
In other Amphenol Corporation news, VP William J. Doherty sold 61,800 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $78.12, for a total value of $4,827,816.00. Following the sale, the vice president now directly owns 8,800 shares of the company’s stock, valued at approximately $687,456. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was 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 directly owns 40,000 shares in the company, valued at $2,914,400. 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 corporate 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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