Bright Rock Capital Management LLC Sells 2,000 Shares of Amphenol Corporation (NYSE:APH)

Bright Rock Capital Management LLC reduced its position in shares of Amphenol Corporation (NYSE:APH) by 9.1% during the second quarter, Holdings Channel reports. The fund owned 20,000 shares of the electronics maker’s stock after selling 2,000 shares during the period. Bright Rock Capital Management LLC’s holdings in Amphenol Corporation were worth $1,476,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the stock. Quadrant Capital Group LLC boosted its stake in shares of Amphenol Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 3,150 shares of the electronics maker’s stock worth $221,000 after buying an additional 8 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Amphenol Corporation by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,702 shares of the electronics maker’s stock worth $192,000 after buying an additional 16 shares during the last quarter. First Bank & Trust boosted its stake in shares of Amphenol Corporation by 0.5% in the second quarter. First Bank & Trust now owns 8,644 shares of the electronics maker’s stock worth $638,000 after buying an additional 43 shares during the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Amphenol Corporation by 1.6% in the second quarter. Contravisory Investment Management Inc. now owns 3,930 shares of the electronics maker’s stock worth $290,000 after buying an additional 60 shares during the last quarter. Finally, Cleararc Capital Inc. boosted its stake in shares of Amphenol Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 7,543 shares of the electronics maker’s stock worth $537,000 after buying an additional 65 shares during the last quarter. 96.75% of the stock is owned by institutional investors.

Shares of Amphenol Corporation (NYSE APH) opened at 78.49 on Thursday. The company has a market cap of $24.00 billion, a PE ratio of 26.43 and a beta of 0.77. The company’s 50-day moving average is $75.33 and its 200 day moving average is $72.29. Amphenol Corporation has a 52-week low of $59.37 and a 52-week high of $78.58.

Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping the 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 business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. On average, analysts anticipate that Amphenol Corporation will post $3.09 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.76 annualized dividend and a yield of 0.97%. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio (DPR) is currently 21.55%.

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A number of brokerages have recently issued reports on APH. Royal Bank Of Canada reissued a “buy” rating on shares of Amphenol Corporation in a research report on Thursday, June 1st. Stifel Nicolaus boosted their target price on shares of Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a research report on Thursday, April 27th. BidaskClub cut shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) cut shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the company from $75.00 to $78.00 in a research report on Wednesday, July 5th. Finally, Zacks Investment Research cut shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $78.38.

In other Amphenol Corporation news, CEO Richard Adam Norwitt sold 200,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $73.10, for a total value of $14,620,000.00. Following the completion of the transaction, the chief executive officer now owns 293,992 shares in the company, valued at approximately $21,490,815.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $72.86, for a total value of $1,092,900.00. Following the completion of the transaction, the chief financial officer now owns 40,000 shares of the company’s stock, valued at approximately $2,914,400. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,265,200 shares of company stock valued at $95,179,956. 2.51% of the stock is owned by corporate insiders.

Amphenol Corporation 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, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

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Institutional Ownership by Quarter for Amphenol Corporation (NYSE:APH)

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