Amphenol Corporation (APH) Shares Bought by Atlantic Trust Group LLC
Atlantic Trust Group LLC raised its position in Amphenol Corporation (NYSE:APH) by 3.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 187,865 shares of the electronics maker’s stock after acquiring an additional 6,835 shares during the quarter. Atlantic Trust Group LLC owned approximately 0.06% of Amphenol Corporation worth $13,868,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Nuance Investments LLC bought a new position in Amphenol Corporation in the first quarter valued at about $5,611,000. Bfsg LLC bought a new position in Amphenol Corporation in the first quarter valued at about $2,072,000. Birch Hill Investment Advisors LLC bought a new position in Amphenol Corporation in the first quarter valued at about $105,000. Advisors Asset Management Inc. lifted its holdings in Amphenol Corporation by 5.8% in the second quarter. Advisors Asset Management Inc. now owns 42,666 shares of the electronics maker’s stock valued at $3,150,000 after acquiring an additional 2,356 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Amphenol Corporation by 0.5% in the first quarter. Principal Financial Group Inc. now owns 474,394 shares of the electronics maker’s stock valued at $33,763,000 after acquiring an additional 2,345 shares during the period. 96.87% of the stock is currently owned by institutional investors.
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Amphenol Corporation (NYSE APH) opened at 80.35 on Wednesday. The company has a market cap of $24.54 billion, a P/E ratio of 27.05 and a beta of 0.76. The stock has a 50 day moving average price of $78.05 and a 200 day moving average price of $73.87. Amphenol Corporation has a 1-year low of $60.97 and a 1-year high of $81.17.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. On average, equities research analysts anticipate that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, September 15th. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s payout ratio is 21.55%.
In other news, CFO Craig A. Lampo sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $79.70, for a total value of $1,195,500.00. Following the completion of the transaction, the chief financial officer now owns 40,000 shares of the company’s stock, valued at approximately $3,188,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Richard Adam Norwitt sold 200,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $77.95, for a total value of $15,590,000.00. Following the completion of the transaction, the chief executive officer now directly owns 293,992 shares of the company’s stock, valued at approximately $22,916,676.40. The disclosure for this sale can be found here. In the last three months, insiders sold 433,200 shares of company stock valued at $33,886,886. Insiders own 2.51% of the company’s stock.
A number of research firms have weighed in on APH. Royal Bank Of Canada reissued a “top pick” rating and issued a $85.00 target price (up previously from $81.00) on shares of Amphenol Corporation in a report on Tuesday, August 29th. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Wednesday, June 7th. BidaskClub raised Amphenol Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $72.00 target price on shares of Amphenol Corporation in a report on Monday, August 14th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $79.63.
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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