Amphenol Corporation (APH) Shares Sold by Oak Ridge Investments LLC
Oak Ridge Investments LLC trimmed its holdings in Amphenol Corporation (NYSE:APH) by 6.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,544 shares of the electronics maker’s stock after selling 3,913 shares during the quarter. Oak Ridge Investments LLC’s holdings in Amphenol Corporation were worth $5,124,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in APH. Dupont Capital Management Corp purchased a new stake in Amphenol Corporation in the second quarter valued at approximately $109,000. People s United Financial Inc. lifted its stake in Amphenol Corporation by 6.8% in the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after buying an additional 95 shares during the last quarter. Parallel Advisors LLC lifted 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 valued at $134,000 after buying an additional 391 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in Amphenol Corporation in the second quarter valued at approximately $148,000. Finally, Cribstone Capital Management LLC lifted its stake in Amphenol Corporation by 123.5% in the third quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after buying an additional 1,050 shares during the last quarter. 96.74% of the stock is owned by hedge funds and other institutional investors.
Amphenol Corporation (NYSE APH) traded up $0.21 on Friday, hitting $89.52. The company had a trading volume of 1,051,077 shares, compared to its average volume of 1,126,907. The company has a current ratio of 3.04, a quick ratio of 2.27 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $27,270.00, a price-to-earnings ratio of 28.25, a P/E/G ratio of 2.73 and a beta of 0.80. Amphenol Corporation has a fifty-two week low of $66.00 and a fifty-two week high of $89.72.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. research analysts forecast that Amphenol Corporation will post 3.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Friday, December 15th. Amphenol Corporation’s payout ratio is currently 24.28%.
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In related news, CEO Richard Adam Norwitt sold 220,000 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total transaction of $18,942,000.00. Following the transaction, the chief executive officer now directly owns 216,492 shares in the company, valued at $18,639,961.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Diana G. Reardon sold 28,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $87.28, for a total value of $2,443,840.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 397,000 shares of company stock worth $33,877,390. Corporate insiders own 2.51% of the company’s stock.
Several equities research analysts have recently commented on the company. BidaskClub upgraded Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Deutsche Bank AG upped their price target on Amphenol Corporation from $95.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Thursday, August 17th. Wells Fargo & Company initiated coverage on Amphenol Corporation in a research note on Friday, November 10th. They set an “outperform” rating and a $98.00 price target for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $72.00 price objective on shares of Amphenol Corporation in a research report on Monday, August 14th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Amphenol Corporation currently has a consensus rating of “Buy” and an average price target of $87.90.
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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