South Texas Money Management Ltd. held its position in shares of Amphenol Corporation (NYSE:APH) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,608 shares of the electronics maker’s stock at the close of the second quarter. South Texas Money Management Ltd.’s holdings in Amphenol Corporation were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First Bank & Trust lifted its position in Amphenol Corporation by 0.5% during 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 period. Contravisory Investment Management Inc. lifted its position in Amphenol Corporation by 1.6% during 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 period. Cleararc Capital Inc. lifted its position in Amphenol Corporation by 0.9% during 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 period. Greenleaf Trust lifted its position in Amphenol Corporation by 0.4% during the second quarter. Greenleaf Trust now owns 23,397 shares of the electronics maker’s stock worth $1,727,000 after buying an additional 95 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in Amphenol Corporation by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the electronics maker’s stock worth $1,403,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 96.88% of the company’s stock.
Several equities research analysts have commented on APH shares. Royal Bank Of Canada restated a “top pick” rating and set a $85.00 price target (up from $81.00) on shares of Amphenol Corporation in a research note on Tuesday, August 29th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Wednesday, June 7th. BidaskClub upgraded Amphenol Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus restated a “hold” rating and set a $72.00 price target on shares of Amphenol Corporation in a research note on Monday, August 14th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $80.00.
In related news, SVP Luc Walter sold 110,400 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $77.70, for a total transaction of $8,578,080.00. Following the transaction, the senior vice president now directly owns 130,400 shares in the company, valued at $10,132,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Adam Norwitt sold 200,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $77.95, for a total value of $15,590,000.00. Following the transaction, the chief executive officer now owns 293,992 shares in the company, valued at $22,916,676.40. The disclosure for this sale can be found here. Insiders have sold 433,200 shares of company stock worth $33,886,886 over the last 90 days. Corporate insiders own 2.51% of the company’s stock.
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Shares of Amphenol Corporation (APH) traded down 0.12% during midday trading on Thursday, reaching $82.89. The company’s stock had a trading volume of 171,768 shares. The stock’s 50-day moving average is $79.80 and its 200 day moving average is $74.70. The stock has a market capitalization of $25.32 billion, a P/E ratio of 27.91 and a beta of 0.76. Amphenol Corporation has a 12 month low of $62.64 and a 12 month high of $83.28.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. On average, analysts expect that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders 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 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 0.92%. Amphenol Corporation’s payout ratio is presently 25.59%.
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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