MetLife Investment Advisors LLC cut its position in shares of Amphenol Co. (NYSE:APH) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,736 shares of the electronics maker’s stock after selling 3,196 shares during the quarter. MetLife Investment Advisors LLC’s holdings in Amphenol were worth $7,733,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. grew its position in Amphenol by 1,407.1% during the second quarter. Braun Bostich & Associates Inc. now owns 1,281 shares of the electronics maker’s stock worth $112,000 after buying an additional 1,196 shares in the last quarter. Landaas & Co. WI ADV acquired a new stake in Amphenol during the second quarter worth about $113,000. AdvisorNet Financial Inc boosted its holdings in Amphenol by 236.1% during the second quarter. AdvisorNet Financial Inc now owns 1,341 shares of the electronics maker’s stock valued at $117,000 after purchasing an additional 942 shares in the last quarter. Fort L.P. acquired a new stake in Amphenol during the second quarter valued at approximately $119,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Amphenol by 16,640.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,674 shares of the electronics maker’s stock valued at $146,000 after purchasing an additional 1,664 shares in the last quarter. 94.71% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP William J. Doherty sold 19,200 shares of Amphenol stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $94.57, for a total value of $1,815,744.00. Following the completion of the transaction, the vice president now owns 8,800 shares in the company, valued at $832,216. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lance E. D’amico sold 8,000 shares of Amphenol stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $95.60, for a total transaction of $764,800.00. Following the completion of the transaction, the vice president now owns 10,000 shares of the company’s stock, valued at approximately $956,000. The disclosure for this sale can be found here. Insiders sold 647,713 shares of company stock valued at $61,196,943 in the last quarter. 2.51% of the stock is currently owned by corporate insiders.
Amphenol (NYSE:APH) last posted its earnings results on Wednesday, July 25th. The electronics maker reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. Amphenol had a net margin of 9.49% and a return on equity of 27.49%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. Amphenol’s quarterly revenue was up 18.9% compared to the same quarter last year. sell-side analysts anticipate that Amphenol Co. will post 3.62 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 10th. Stockholders of record on Monday, September 17th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, September 14th. Amphenol’s dividend payout ratio (DPR) is currently 29.49%.
A number of research firms have weighed in on APH. Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Morgan Stanley raised Amphenol from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $95.00 to $102.00 in a report on Thursday, August 9th. Finally, Stifel Nicolaus lifted their price objective on Amphenol from $90.00 to $92.00 and gave the company a “hold” rating in a report on Thursday, July 26th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $97.43.
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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