Amphenol Corporation (APH) Holdings Boosted by Citigroup Inc.
Citigroup Inc. grew its holdings in Amphenol Corporation (NYSE:APH) by 57.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,928 shares of the electronics maker’s stock after purchasing an additional 18,659 shares during the quarter. Citigroup Inc.’s holdings in Amphenol Corporation were worth $3,759,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Birch Hill Investment Advisors LLC acquired a new position in Amphenol Corporation in the first quarter worth $105,000. Dupont Capital Management Corp acquired a new position in Amphenol Corporation in the second quarter worth $109,000. Israel Discount Bank of New York acquired a new position in Amphenol Corporation in the first quarter worth $121,000. Parallel Advisors LLC boosted its stake in Amphenol Corporation by 28.9% in the second quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock worth $134,000 after purchasing an additional 391 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in Amphenol Corporation in the second quarter worth $148,000. 96.88% of the stock is currently owned by institutional investors.
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Several equities analysts have recently issued reports on the company. Goldman Sachs Group, Inc. (The) lowered Amphenol Corporation from a “buy” rating to a “neutral” rating and upped their price target for the company from $75.00 to $78.00 in a research note on Wednesday, July 5th. Zacks Investment Research lowered Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Royal Bank Of Canada reaffirmed a “top pick” rating and set a $85.00 price target (up previously from $81.00) on shares of Amphenol Corporation in a research note on Tuesday, August 29th. Stifel Nicolaus reaffirmed a “hold” rating and set a $72.00 price target on shares of Amphenol Corporation in a research note on Friday, July 14th. Finally, BidaskClub lowered 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 assigned a buy rating and two have given a strong buy rating to the stock. Amphenol Corporation presently has a consensus rating of “Buy” and an average target price of $80.13.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings data 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. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the business posted $0.65 EPS. Amphenol Corporation’s revenue for the quarter was up 7.6% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be issued a dividend of $0.19 per share. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.92%. Amphenol Corporation’s dividend payout ratio (DPR) is 25.59%.
In other Amphenol Corporation news, CEO Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock in a transaction dated 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 transaction, the chief executive officer now directly owns 293,992 shares of the company’s stock, valued at approximately $22,916,676.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 15,000 shares of Amphenol Corporation 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 transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at $3,188,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 433,200 shares of company stock worth $33,886,886. 2.51% of the stock is currently owned by company insiders.
Amphenol Corporation 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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