Bank of New York Mellon Corp lowered its position in Amphenol Corporation (NYSE:APH) by 5.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 14,301,467 shares of the electronics maker’s stock after selling 882,519 shares during the period. Bank of New York Mellon Corp owned 4.68% of Amphenol Corporation worth $1,210,477,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Dupont Capital Management Corp purchased a new position in Amphenol Corporation in the 2nd quarter valued at $109,000. People s United Financial Inc. lifted its holdings in Amphenol Corporation by 6.8% in the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after purchasing an additional 95 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Amphenol Corporation by 28.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after purchasing an additional 391 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in Amphenol Corporation in the 2nd quarter valued at $148,000. Finally, Cribstone Capital Management LLC lifted its holdings in Amphenol Corporation by 123.5% in the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after purchasing an additional 1,050 shares in the last quarter. Institutional investors own 96.74% of the company’s stock.
Shares of Amphenol Corporation (NYSE APH) traded up $0.27 during trading hours on Tuesday, hitting $88.48. The company had a trading volume of 1,054,700 shares, compared to its average volume of 1,127,853. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.87. The firm has a market cap of $26,933.96, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 2.71 and a beta of 0.80. Amphenol Corporation has a 1 year low of $66.00 and a 1 year high of $88.62.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.74 billion. Amphenol Corporation had a return on equity of 25.63% and a net margin of 14.73%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the company earned $0.73 EPS. sell-side analysts expect that Amphenol Corporation will post 3.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, December 15th. Amphenol Corporation’s payout ratio is 24.20%.
In related news, CEO Richard Adam Norwitt sold 220,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total transaction of $18,942,000.00. Following the completion of the sale, the chief executive officer now directly owns 216,492 shares of the company’s stock, valued at approximately $18,639,961.20. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Friday, August 25th. The stock was sold at an average price of $80.01, for a total value of $1,200,150.00. Following the sale, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at $3,200,400. The disclosure for this sale can be found here. Insiders have sold a total of 397,000 shares of company stock valued at $33,877,390 over the last three months. Corporate insiders own 2.51% of the company’s stock.
Several research firms have recently commented on APH. Cowen and Company reiterated an “outperform” rating and set a $95.00 price target (up previously from $85.00) on shares of Amphenol Corporation in a report on Tuesday, October 10th. Zacks Investment Research lowered Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Royal Bank Of Canada reiterated a “top pick” rating and set a $85.00 price target (up previously from $81.00) on shares of Amphenol Corporation in a report on Tuesday, August 29th. Deutsche Bank AG reiterated a “buy” rating and set a $95.00 price target (up previously from $80.00) on shares of Amphenol Corporation in a report on Thursday, October 5th. Finally, Morgan Stanley lifted their price target on Amphenol Corporation from $74.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Amphenol Corporation presently has a consensus rating of “Buy” and an average target price of $87.90.
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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