Eads & Heald Investment Counsel lowered its stake in shares of Amphenol Corp. (NYSE:APH) by 2.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,690 shares of the company’s stock after selling 606 shares during the period. Eads & Heald Investment Counsel’s holdings in Amphenol Corp. were worth $1,702,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc bought a new position in Amphenol Corp. during the first quarter valued at $387,000. Virginia Retirement System acquired a new stake in shares of Amphenol Corp. during the first quarter worth approximately $289,000. Teachers Advisors Inc. boosted its stake in shares of Amphenol Corp. by 24.3% in the first quarter. Teachers Advisors Inc. now owns 346,368 shares of the company’s stock worth $20,027,000 after buying an additional 67,638 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Amphenol Corp. by 2.3% in the first quarter. Franklin Resources Inc. now owns 414,192 shares of the company’s stock worth $23,948,000 after buying an additional 9,138 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of Amphenol Corp. during the first quarter worth approximately $103,000. 96.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Amphenol Corp. (NYSE:APH) traded down 0.68% during trading on Monday, hitting $63.13. 493,096 shares of the company were exchanged. The firm’s 50-day moving average price is $63.55 and its 200 day moving average price is $59.50. The firm has a market capitalization of $19.49 billion, a PE ratio of 25.97 and a beta of 1.07. Amphenol Corp. has a 12 month low of $44.50 and a 12 month high of $65.79.
Amphenol Corp. (NYSE:APH) last released its earnings results on Wednesday, July 20th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The company earned $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. Amphenol Corp.’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period last year, the business earned $0.58 EPS. On average, equities research analysts expect that Amphenol Corp. will post $2.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Investors of record on Tuesday, September 13th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.88%. Amphenol Corp.’s dividend payout ratio (DPR) is presently 23.05%.
A number of analysts have commented on APH shares. Zacks Investment Research cut shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Royal Bank Of Canada upped their target price on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a report on Thursday, July 21st. RBC Capital Markets reaffirmed a “top pick” rating and set a $63.00 target price (up from $61.00) on shares of Amphenol Corp. in a report on Friday, July 22nd. Finally, Goldman Sachs Group Inc. raised shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and upped their target price for the company from $60.00 to $70.00 in a report on Tuesday, September 20th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $68.11.
In other Amphenol Corp. news, CFO Craig A. Lampo sold 23,000 shares of Amphenol Corp. stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $62.08, for a total transaction of $1,427,840.00. Following the completion of the sale, the chief financial officer now directly owns 43,000 shares in the company, valued at approximately $2,669,440. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Diana G. Reardon sold 240,000 shares of Amphenol Corp. stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $61.69, for a total transaction of $14,805,600.00. Following the sale, the director now owns 240,000 shares of the company’s stock, valued at $14,805,600. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by corporate insiders.
Amphenol Corp. 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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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