Louisiana State Employees Retirement System raised its position in Amphenol Corporation (NYSE:APH) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,000 shares of the electronics maker’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Amphenol Corporation were worth $1,403,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the company. LS Investment Advisors LLC increased its stake in shares of Amphenol Corporation by 0.7% in the second quarter. LS Investment Advisors LLC now owns 26,406 shares of the electronics maker’s stock valued at $1,949,000 after buying an additional 188 shares during the period. Ardevora Asset Management LLP increased its stake in Amphenol Corporation by 13.3% in the second quarter. Ardevora Asset Management LLP now owns 470,700 shares of the electronics maker’s stock worth $34,747,000 after buying an additional 55,300 shares during the last quarter. Eqis Capital Management Inc. increased its stake in Amphenol Corporation by 4.1% in the second quarter. Eqis Capital Management Inc. now owns 8,290 shares of the electronics maker’s stock worth $612,000 after buying an additional 326 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in Amphenol Corporation by 507.4% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 49,970 shares of the electronics maker’s stock worth $3,689,000 after buying an additional 41,743 shares during the last quarter. Finally, National Pension Service increased its stake in Amphenol Corporation by 4.9% in the second quarter. National Pension Service now owns 296,499 shares of the electronics maker’s stock worth $21,870,000 after buying an additional 13,790 shares during the last quarter. 96.75% of the stock is owned by hedge funds and other institutional investors.
Shares of Amphenol Corporation (NYSE:APH) opened at 78.49 on Thursday. The company has a market capitalization of $24.00 billion, a PE ratio of 26.43 and a beta of 0.77. The stock’s 50 day moving average price is $75.33 and its 200-day moving average price is $72.29. Amphenol Corporation has a 52-week low of $59.58 and a 52-week high of $78.58.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. On average, analysts expect that Amphenol Corporation will post $3.09 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.97%. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 15th. Amphenol Corporation’s payout ratio is 21.55%.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub cut Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Royal Bank Of Canada raised their price objective on Amphenol Corporation from $77.00 to $80.00 and gave the stock a “top pick” rating in a research report on Tuesday, June 27th. Stifel Nicolaus restated a “hold” rating and set a $72.00 price objective on shares of Amphenol Corporation in a research report on Friday, July 14th. Finally, Goldman Sachs Group, Inc. (The) lowered Amphenol Corporation from a “buy” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $78.00 in a report on Wednesday, July 5th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Amphenol Corporation currently has a consensus rating of “Buy” and a consensus target price of $78.38.
In other news, CEO Richard Adam Norwitt sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $73.10, for a total value of $14,620,000.00. Following the completion of the sale, the chief executive officer now owns 293,992 shares of the company’s stock, valued at approximately $21,490,815.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Zachary W. Raley sold 432,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $74.12, for a total transaction of $32,019,840.00. Following the completion of the sale, the senior vice president now directly owns 144,000 shares of the company’s stock, valued at approximately $10,673,280. The disclosure for this sale can be found here. Over the last three months, 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.
Receive News & Ratings for Amphenol Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol Corporation and related companies with MarketBeat.com's FREE daily email newsletter.