Commonwealth Bank of Australia Purchases 650 Shares of Amphenol Corporation (APH)
Commonwealth Bank of Australia lifted its position in Amphenol Corporation (NYSE:APH) by 3.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,666 shares of the electronics maker’s stock after buying an additional 650 shares during the quarter. Commonwealth Bank of Australia’s holdings in Amphenol Corporation were worth $1,303,000 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 the stock. Birch Hill Investment Advisors LLC acquired a new stake in Amphenol Corporation in the 1st quarter worth approximately $105,000. Dupont Capital Management Corp acquired a new stake in Amphenol Corporation in the 2nd quarter worth approximately $109,000. YorkBridge Wealth Partners LLC lifted its holdings in Amphenol Corporation by 300.0% in the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock worth $114,000 after purchasing an additional 1,200 shares during the last quarter. Israel Discount Bank of New York acquired a new stake in Amphenol Corporation in the 1st quarter worth approximately $121,000. Finally, Parallel Advisors LLC lifted its holdings in Amphenol Corporation by 28.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock worth $134,000 after purchasing an additional 391 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Royal Bank Of Canada restated a “top pick” rating and issued a $85.00 target price (up from $81.00) on shares of Amphenol Corporation in a report on Tuesday, August 29th. Stifel Nicolaus restated a “hold” rating and issued a $72.00 target price on shares of Amphenol Corporation in a report on Monday, August 14th. Finally, BidaskClub upgraded Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Three equities 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 stock. The stock has an average rating of “Buy” and a consensus target price of $80.00.
Amphenol Corporation (NYSE:APH) opened at 82.24 on Friday. The firm has a market capitalization of $25.12 billion, a price-to-earnings ratio of 27.69 and a beta of 0.76. Amphenol Corporation has a one year low of $62.36 and a one year high of $82.30. The stock’s 50 day moving average price is $79.23 and its 200-day moving average price is $74.36.
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 Zacks’ consensus estimate of $0.72 by $0.09. The firm had revenue of $1.67 billion during 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 revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.65 earnings per share. On average, equities research analysts expect 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. 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 0.92%. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 15th. Amphenol Corporation’s dividend payout ratio (DPR) is currently 21.55%.
In other news, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $80.98, for a total value of $1,214,700.00. Following the completion of the sale, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at $3,239,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP William J. Doherty sold 61,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $78.12, for a total value of $4,827,816.00. Following the completion of the sale, the vice president now directly owns 8,800 shares of the company’s stock, valued at $687,456. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 433,200 shares of company stock valued at $33,886,886. Corporate insiders own 2.51% of the company’s stock.
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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