Addenda Capital Inc. Sells 3,869 Shares of Amphenol Corporation (APH)
Addenda Capital Inc. decreased its position in shares of Amphenol Corporation (NYSE:APH) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 93,513 shares of the electronics maker’s stock after selling 3,869 shares during the period. Addenda Capital Inc.’s holdings in Amphenol Corporation were worth $6,917,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Macquarie Group Ltd. increased its stake in shares of Amphenol Corporation by 66.3% in the fourth quarter. Macquarie Group Ltd. now owns 16,300 shares of the electronics maker’s stock worth $1,095,000 after buying an additional 6,500 shares during the period. Bank of Montreal Can increased its stake in shares of Amphenol Corporation by 1.6% in the first quarter. Bank of Montreal Can now owns 313,817 shares of the electronics maker’s stock worth $22,334,000 after buying an additional 4,831 shares during the period. Capstone Asset Management Co. increased its stake in shares of Amphenol Corporation by 8.2% in the first quarter. Capstone Asset Management Co. now owns 34,849 shares of the electronics maker’s stock worth $2,480,000 after buying an additional 2,651 shares during the period. DnB Asset Management AS increased its stake in shares of Amphenol Corporation by 17.6% in the first quarter. DnB Asset Management AS now owns 33,438 shares of the electronics maker’s stock worth $2,380,000 after buying an additional 5,000 shares during the period. Finally, Ledyard National Bank bought a new stake in shares of Amphenol Corporation during the first quarter worth about $148,000. Institutional investors and hedge funds own 95.99% of the company’s stock.
Amphenol Corporation (APH) opened at 78.95 on Friday. The stock’s 50 day moving average price is $76.01 and its 200-day moving average price is $72.74. The company has a market cap of $24.11 billion, a PE ratio of 26.58 and a beta of 0.77. Amphenol Corporation has a 1-year low of $60.28 and a 1-year high of $79.70.
Amphenol Corporation (NYSE:APH) last announced its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates 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 in the previous year, the company earned $0.65 earnings per share. On average, analysts forecast that Amphenol Corporation will post $3.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be given a $0.19 dividend. 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. This represents a $0.76 dividend on an annualized basis and a yield of 0.96%. Amphenol Corporation’s payout ratio is presently 21.55%.
APH has been the topic of a number of recent research reports. Royal Bank Of Canada upped their price objective on Amphenol Corporation from $75.00 to $77.00 and gave the company a “top pick” rating in a research report on Thursday, April 27th. Stifel Nicolaus upped their target price on Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research note on Friday, April 28th. Deutsche Bank AG upped their target price on Amphenol Corporation from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Morgan Stanley upped their target price on Amphenol Corporation from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. Amphenol Corporation currently has a consensus rating of “Buy” and a consensus target price of $79.00.
In other Amphenol Corporation news, VP William J. Doherty sold 61,800 shares of the business’s stock in a transaction that occurred on 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 owns 8,800 shares of the company’s stock, valued at $687,456. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Zachary W. Raley sold 432,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $74.12, for a total value of $32,019,840.00. Following the completion of the sale, the senior vice president now directly owns 144,000 shares in the company, valued at approximately $10,673,280. The disclosure for this sale can be found here. In the last three months, insiders sold 1,050,200 shares of company stock worth $79,467,056. 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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