Amphenol Corporation (APH) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in Amphenol Corporation (NYSE:APH) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 922,202 shares of the electronics maker’s stock after selling 8,000 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.30% of Amphenol Corporation worth $78,055,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in shares of Amphenol Corporation by 1,662.5% in the second quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock worth $782,311,000 after purchasing an additional 9,996,239 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Amphenol Corporation by 53.5% in the second quarter. UBS Asset Management Americas Inc. now owns 2,663,455 shares of the electronics maker’s stock worth $196,616,000 after purchasing an additional 928,733 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Amphenol Corporation by 345.8% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,041,687 shares of the electronics maker’s stock worth $88,168,000 after purchasing an additional 808,015 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Amphenol Corporation by 2.6% in the second quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock worth $2,255,957,000 after purchasing an additional 765,862 shares in the last quarter. Finally, Capital Research Global Investors lifted its position in shares of Amphenol Corporation by 31.7% in the second quarter. Capital Research Global Investors now owns 3,170,204 shares of the electronics maker’s stock worth $234,024,000 after purchasing an additional 762,494 shares in the last quarter. Institutional investors own 96.74% of the company’s stock.

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Amphenol Corporation (NYSE:APH) traded up $0.21 during midday trading on Friday, reaching $89.52. 1,051,077 shares of the company’s stock traded hands, compared to its average volume of 1,126,907. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27. Amphenol Corporation has a 1 year low of $66.00 and a 1 year high of $89.72. The company has a market capitalization of $27,270.00, a price-to-earnings ratio of 28.25, a P/E/G ratio of 2.73 and a beta of 0.80.

Amphenol Corporation (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. sell-side analysts expect that Amphenol Corporation will post 3.21 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Monday, December 18th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, December 15th. Amphenol Corporation’s dividend payout ratio (DPR) is currently 24.28%.

A number of analysts have recently commented on APH shares. Deutsche Bank AG boosted their price objective on shares of Amphenol Corporation from $95.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Friday, September 22nd. Royal Bank Of Canada reissued a “top pick” rating and issued a $85.00 price objective (up previously from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. Cowen and Company reissued an “outperform” rating and issued a $95.00 price objective (up previously from $85.00) on shares of Amphenol Corporation in a research report on Tuesday, October 10th. Finally, Bank of America Corporation raised shares of Amphenol Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, September 29th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Amphenol Corporation presently has a consensus rating of “Buy” and an average target price of $87.90.

In other news, CEO Richard Adam Norwitt sold 220,000 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $86.10, for a total value of $18,942,000.00. Following the transaction, the chief executive officer now directly owns 216,492 shares of the company’s stock, valued at $18,639,961.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Craig A. Lampo sold 15,000 shares of the stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $79.70, for a total transaction of $1,195,500.00. Following the completion of the transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at $3,188,000. The disclosure for this sale can be found here. Insiders have sold 397,000 shares of company stock worth $33,877,390 over the last ninety days. 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.

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

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