Amphenol Corporation (APH) Holdings Lifted by New York State Common Retirement Fund
New York State Common Retirement Fund boosted its holdings in Amphenol Corporation (NYSE:APH) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 925,692 shares of the electronics maker’s stock after purchasing an additional 14,899 shares during the quarter. New York State Common Retirement Fund owned approximately 0.30% of Amphenol Corporation worth $68,335,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Birch Hill Investment Advisors LLC bought a new position in Amphenol Corporation in the 1st quarter worth approximately $105,000. Dupont Capital Management Corp bought a new position in Amphenol Corporation in the 2nd quarter worth approximately $109,000. Israel Discount Bank of New York bought a new position in Amphenol Corporation in the 1st quarter worth approximately $121,000. Parallel Advisors LLC boosted its stake 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 period. Finally, Acrospire Investment Management LLC bought a new position in Amphenol Corporation in the 2nd quarter worth approximately $148,000. Institutional investors and hedge funds own 96.88% of the company’s stock.
In related news, CEO Richard Adam Norwitt sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $77.95, for a total transaction of $15,590,000.00. Following the completion of the sale, the chief executive officer now directly owns 293,992 shares in the company, valued at $22,916,676.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 15,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 40,000 shares of the company’s stock, valued at $3,188,000. The disclosure for this sale can be found here. Insiders have sold 433,200 shares of company stock valued at $33,886,886 over the last quarter. 2.51% of the stock is owned by company insiders.
APH has been the subject of several recent analyst reports. Goldman Sachs Group, Inc. (The) downgraded Amphenol Corporation from a “buy” rating to a “neutral” rating and upped their price target for the stock from $75.00 to $78.00 in a research note on Wednesday, July 5th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Wednesday, June 7th. Royal Bank Of Canada restated a “top pick” rating and issued a $85.00 price target (up from $81.00) on shares of Amphenol Corporation in a research note on Tuesday, August 29th. Stifel Nicolaus restated a “hold” rating and issued a $72.00 price target on shares of Amphenol Corporation in a research note on Friday, July 14th. Finally, BidaskClub downgraded Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Amphenol Corporation currently has a consensus rating of “Buy” and a consensus price target of $80.00.
Amphenol Corporation (APH) traded up 0.04% on Wednesday, hitting $83.10. The stock had a trading volume of 44,742 shares. The company has a market cap of $25.38 billion, a PE ratio of 27.98 and a beta of 0.76. The company has a 50-day moving average of $79.80 and a 200 day moving average of $74.70. Amphenol Corporation has a 12 month low of $62.64 and a 12 month high of $83.25.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts predict that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.91%. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 15th. Amphenol Corporation’s payout ratio is presently 25.59%.
About Amphenol Corporation
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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