Bank of Hawaii increased its position in Amphenol Corp. (NYSE:APH) by 12.3% during the second quarter, Holdings Channel reports. The fund owned 27,034 shares of the company’s stock after buying an additional 2,964 shares during the period. Bank of Hawaii’s holdings in Amphenol Corp. were worth $1,550,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Virginia Retirement System bought a new stake in Amphenol Corp. during the first quarter worth $289,000. Franklin Resources Inc. boosted its stake in 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 during the last quarter. NN Investment Partners Holdings N.V. bought a new stake in Amphenol Corp. during the first quarter worth $103,000. Menta Capital LLC bought a new stake in Amphenol Corp. during the first quarter worth $220,000. Finally, M&T Bank Corp boosted its stake in Amphenol Corp. by 124.7% in the first quarter. M&T Bank Corp now owns 60,857 shares of the company’s stock worth $3,518,000 after buying an additional 33,768 shares during the last quarter. 96.78% of the stock is currently owned by hedge funds and other institutional investors.
Amphenol Corp. (NYSE:APH) traded up 1.9141% during trading on Wednesday, reaching $64.4199. 1,266,720 shares of the company traded hands. The firm’s 50 day moving average price is $63.63 and its 200 day moving average price is $59.59. Amphenol Corp. has a 12-month low of $44.50 and a 12-month high of $65.79. The firm has a market capitalization of $19.89 billion, a price-to-earnings ratio of 26.4993 and a beta of 1.07.
Amphenol Corp. (NYSE:APH) last issued its earnings results on Wednesday, October 19th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Amphenol Corp. had a return on equity of 23.72% and a net margin of 13.03%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts expect that Amphenol Corp. will post $2.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Tuesday, December 13th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.01%. This is a boost from Amphenol Corp.’s previous quarterly dividend of $0.14. Amphenol Corp.’s payout ratio is currently 23.05%.
APH has been the topic of a number of research reports. Zacks Investment Research cut shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Royal Bank Of Canada boosted their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a research note on Thursday, July 21st. RBC Capital Markets reissued a “top pick” rating and issued a $63.00 price objective (up previously from $61.00) on shares of Amphenol Corp. in a research note on Friday, July 22nd. Finally, Goldman Sachs Group Inc. raised shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $70.00 in a research note on Tuesday, September 20th. Five analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Amphenol Corp. has an average rating of “Buy” and an average price target of $68.11.
In other Amphenol Corp. news, insider Richard Adam Norwitt sold 262,000 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $59.01, for a total value of $15,460,620.00. Following the completion of the sale, the insider now owns 137,992 shares of the company’s stock, valued at $8,142,907.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig A. Lampo sold 22,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $60.07, for a total value of $1,321,540.00. Following the completion of the sale, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $2,102,450. The disclosure for this sale can be found here. 2.92% of the stock is owned by company 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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