Raymond James Financial Services Advisors Inc. lowered its stake in shares of Amphenol Corporation (NYSE:APH) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,461 shares of the electronics maker’s stock after selling 2,258 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Amphenol Corporation were worth $5,497,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Birch Hill Investment Advisors LLC bought a new position in Amphenol Corporation during the first quarter worth about $105,000. Dupont Capital Management Corp bought a new position in Amphenol Corporation during the second quarter worth about $109,000. People s United Financial Inc. boosted its holdings in Amphenol Corporation by 6.8% during the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after buying an additional 95 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Amphenol Corporation by 28.9% during the second quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock worth $134,000 after buying an additional 391 shares during the last quarter. Finally, Acrospire Investment Management LLC bought a new position in Amphenol Corporation during the second quarter worth about $148,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.
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A number of equities analysts have issued reports on the company. BidaskClub upgraded Amphenol Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) cut Amphenol Corporation from a “buy” rating to a “neutral” rating and raised their target price for the stock from $75.00 to $78.00 in a report on Wednesday, July 5th. Zacks Investment Research cut Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Stifel Nicolaus restated a “hold” rating and set a $72.00 target price on shares of Amphenol Corporation in a report on Friday, July 14th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $83.50.
Amphenol Corporation (APH) traded down 0.15% during midday trading on Friday, hitting $87.64. The stock had a trading volume of 111,379 shares. The stock has a market capitalization of $26.77 billion, a price-to-earnings ratio of 29.51 and a beta of 0.79. Amphenol Corporation has a 52 week low of $62.72 and a 52 week high of $88.00. The company’s 50 day moving average price is $82.79 and its 200-day moving average price is $76.31.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, beating 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 analyst estimates of $1.62 billion. During the same period in the prior year, the company earned $0.65 earnings per share. Amphenol Corporation’s revenue was up 7.6% compared to the same quarter last year. Equities analysts anticipate that Amphenol Corporation will post $3.10 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th were issued a $0.19 dividend. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Friday, September 15th. Amphenol Corporation’s dividend payout ratio (DPR) is presently 25.59%.
In other news, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $80.98, for a total value of $1,214,700.00. Following the completion of the transaction, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at $3,239,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Silverman sold 16,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $80.04, for a total value of $1,280,640.00. Following the completion of the transaction, the vice president now directly owns 16,000 shares of the company’s stock, valued at $1,280,640. The disclosure for this sale can be found here. Insiders sold 433,200 shares of company stock valued at $33,886,886 over the last ninety days. Corporate insiders own 2.51% of the company’s stock.
Amphenol Corporation 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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