M&T Bank Corp reduced its position in Amphenol Corporation (NYSE:APH) by 5.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,115 shares of the electronics maker’s stock after selling 3,274 shares during the quarter. M&T Bank Corp’s holdings in Amphenol Corporation were worth $4,217,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. First Bank & Trust raised its holdings in Amphenol Corporation by 0.5% in the second quarter. First Bank & Trust now owns 8,644 shares of the electronics maker’s stock worth $638,000 after purchasing an additional 43 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in Amphenol Corporation by 1.6% in the second quarter. Contravisory Investment Management Inc. now owns 3,930 shares of the electronics maker’s stock worth $290,000 after purchasing an additional 60 shares in the last quarter. Cleararc Capital Inc. raised its holdings in Amphenol Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 7,543 shares of the electronics maker’s stock worth $537,000 after purchasing an additional 65 shares in the last quarter. Greenleaf Trust raised its holdings in Amphenol Corporation by 0.4% in the second quarter. Greenleaf Trust now owns 23,397 shares of the electronics maker’s stock worth $1,727,000 after purchasing an additional 95 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Amphenol Corporation by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the electronics maker’s stock worth $1,403,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.
Shares of Amphenol Corporation (APH) opened at 82.94 on Monday. Amphenol Corporation has a 52 week low of $62.63 and a 52 week high of $83.81. The stock’s 50 day moving average price is $79.80 and its 200-day moving average price is $74.70. The stock has a market cap of $25.33 billion, a price-to-earnings ratio of 27.93 and a beta of 0.76.
Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.09. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the company earned $0.65 EPS. The business’s quarterly revenue was up 7.6% on a year-over-year basis. Equities analysts anticipate that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, September 15th. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio (DPR) is 25.59%.
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In related news, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $79.70, for a total transaction of $1,195,500.00. Following the transaction, the chief financial officer now owns 40,000 shares in the company, valued at approximately $3,188,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was 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 approximately $22,916,676.40. The disclosure for this sale can be found here. Insiders have sold a total of 433,200 shares of company stock worth $33,886,886 in the last three months. Corporate insiders own 2.51% of the company’s stock.
A number of equities analysts have commented on APH shares. Goldman Sachs Group, Inc. (The) downgraded shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $75.00 to $78.00 in a report on Wednesday, July 5th. Zacks Investment Research downgraded shares of 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 issued a $85.00 target price (up from $81.00) on shares of Amphenol Corporation in a report on Tuesday, August 29th. Stifel Nicolaus reiterated a “hold” rating and issued a $72.00 target price on shares of Amphenol Corporation in a report on Friday, July 14th. Finally, BidaskClub downgraded shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $80.13.
About Amphenol Corporation
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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