Amalgamated Bank Increases Holdings in Amphenol Co. (APH)
Amalgamated Bank boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 9.6% in the fourth quarter, Holdings Channel reports. The fund owned 39,576 shares of the electronics maker’s stock after buying an additional 3,457 shares during the quarter. Amalgamated Bank’s holdings in Amphenol were worth $3,475,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Dupont Capital Management Corp acquired a new position in shares of Amphenol in the fourth quarter valued at approximately $115,000. Tower Research Capital LLC TRC raised its position in shares of Amphenol by 87.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,369 shares of the electronics maker’s stock valued at $120,000 after buying an additional 640 shares during the last quarter. Fusion Family Wealth LLC acquired a new position in shares of Amphenol in the fourth quarter valued at approximately $121,000. CENTRAL TRUST Co raised its position in shares of Amphenol by 52.6% in the fourth quarter. CENTRAL TRUST Co now owns 1,915 shares of the electronics maker’s stock valued at $168,000 after buying an additional 660 shares during the last quarter. Finally, Zions Bancorporation acquired a new position in shares of Amphenol in the third quarter valued at approximately $169,000. 95.51% of the stock is owned by institutional investors and hedge funds.
In related news, Director John R. Lord sold 2,000 shares of the business’s stock in a transaction that occurred on Sunday, September 2nd. The shares were sold at an average price of $62.47, for a total value of $124,940.00. Following the completion of the sale, the director now directly owns 38,677 shares in the company, valued at $2,416,152.19. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $92.07, for a total transaction of $920,700.00. The disclosure for this sale can be found here. 2.51% of the stock is currently owned by insiders.
Shares of Amphenol Co. (NYSE:APH) opened at $89.65 on Friday. Amphenol Co. has a twelve month low of $68.57 and a twelve month high of $93.62. The stock has a market cap of $27,370.00, a P/E ratio of 26.76, a P/E/G ratio of 2.68 and a beta of 0.81. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.95 and a quick ratio of 2.25.
Amphenol (NYSE:APH) last released its earnings results on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Amphenol had a net margin of 9.28% and a return on equity of 26.09%. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. Amphenol’s revenue was up 17.7% compared to the same quarter last year. equities analysts anticipate that Amphenol Co. will post 3.45 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Monday, March 19th will be issued a $0.19 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.76 dividend on an annualized basis and a yield of 0.85%. Amphenol’s payout ratio is 22.69%.
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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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