Retirement Systems of Alabama trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 138,510 shares of the electronics maker’s stock after selling 2,953 shares during the quarter. Retirement Systems of Alabama’s holdings in Amphenol were worth $13,023,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in APH. Bartlett & Co. LLC bought a new stake in Amphenol during the third quarter valued at approximately $110,000. 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 valued at $112,000 after buying an additional 1,196 shares during the period. Landaas & Co. WI ADV bought a new stake in Amphenol during the second quarter valued at approximately $113,000. AdvisorNet Financial Inc grew its position 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 buying an additional 942 shares during the period. Finally, Fort L.P. bought a new stake in Amphenol during the second quarter valued at approximately $119,000. Institutional investors own 94.45% of the company’s stock.
In other news, SVP Luc Walter sold 20,000 shares of the business’s stock in a transaction on Friday, August 3rd. The shares were sold at an average price of $93.62, for a total value of $1,872,400.00. Following the transaction, the senior vice president now owns 141,000 shares of the company’s stock, valued at $13,200,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Richard Gu sold 2,000 shares of the business’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $87.00, for a total transaction of $174,000.00. Following the completion of the transaction, the vice president now directly owns 3,000 shares in the company, valued at approximately $261,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,713 shares of company stock valued at $6,173,088. Company insiders own 2.34% of the company’s stock.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 24th. The electronics maker reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.06. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.02 billion. Amphenol had a net margin of 9.64% and a return on equity of 28.57%. The company’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. Equities research analysts anticipate that Amphenol Co. will post 3.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 10th. Shareholders of record on Monday, September 17th were given a $0.23 dividend. The ex-dividend date was Friday, September 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.04%. Amphenol’s payout ratio is currently 29.49%.
APH has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Tuesday, July 10th. Morgan Stanley upped their price target on shares of Amphenol from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 26th. Stifel Nicolaus upped their price target on shares of Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a research report on Thursday, July 26th. Goldman Sachs Group upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and set a $108.00 price target for the company in a research report on Tuesday, October 9th. Finally, ValuEngine lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Amphenol presently has a consensus rating of “Buy” and an average target price of $98.00.
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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