M&T Bank Corp Buys 25,353 Shares of Amphenol Co. (NYSE:APH)

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M&T Bank Corp grew its stake in shares of Amphenol Co. (NYSE:APH) by 29.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,912 shares of the electronics maker’s stock after buying an additional 25,353 shares during the quarter. M&T Bank Corp’s holdings in Amphenol were worth $10,820,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in Amphenol by 0.9% in the second quarter. Janney Montgomery Scott LLC now owns 12,101 shares of the electronics maker’s stock worth $1,159,000 after buying an additional 102 shares in the last quarter. TCW Group Inc. grew its holdings in shares of Amphenol by 0.7% during the 1st quarter. TCW Group Inc. now owns 18,226 shares of the electronics maker’s stock valued at $1,328,000 after purchasing an additional 119 shares during the last quarter. Gateway Investment Advisers LLC raised its position in Amphenol by 3.6% in the 1st quarter. Gateway Investment Advisers LLC now owns 4,616 shares of the electronics maker’s stock worth $336,000 after purchasing an additional 160 shares during the period. Shine Investment Advisory Services Inc. lifted its stake in Amphenol by 75.3% in the first quarter. Shine Investment Advisory Services Inc. now owns 482 shares of the electronics maker’s stock worth $35,000 after purchasing an additional 207 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Amphenol by 8.6% during the first quarter. Signaturefd LLC now owns 2,987 shares of the electronics maker’s stock valued at $218,000 after buying an additional 237 shares during the period. 94.07% of the stock is owned by institutional investors.

In other news, CEO Richard Adam Norwitt sold 325,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $105.12, for a total value of $34,164,000.00. Following the sale, the chief executive officer now directly owns 200,000 shares of the company’s stock, valued at approximately $21,024,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lance E. D’amico sold 5,900 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $102.00, for a total transaction of $601,800.00. Following the completion of the transaction, the vice president now owns 11,000 shares of the company’s stock, valued at $1,122,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 469,082 shares of company stock valued at $48,535,741. 2.72% of the stock is currently owned by company insiders.

Several research firms have recently commented on APH. Wells Fargo & Co reiterated a “buy” rating and issued a $118.00 price objective (up previously from $108.00) on shares of Amphenol in a report on Thursday, July 23rd. Morgan Stanley boosted their price objective on Amphenol from $101.00 to $106.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Zacks Investment Research upgraded shares of Amphenol from a “sell” rating to a “hold” rating and set a $91.00 target price on the stock in a report on Monday, April 27th. JPMorgan Chase & Co. lowered their price target on shares of Amphenol from $96.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Finally, Royal Bank of Canada raised their price target on shares of Amphenol from $94.00 to $105.00 and gave the stock a “sector perform” rating in a report on Thursday, July 23rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $108.50.

Shares of NYSE APH opened at $105.76 on Friday. The firm has a fifty day simple moving average of $98.16 and a two-hundred day simple moving average of $92.97. Amphenol Co. has a 12 month low of $63.05 and a 12 month high of $110.24. The company has a current ratio of 2.59, a quick ratio of 1.82 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $31.56 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 4.23 and a beta of 1.27.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 22nd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.18. Amphenol had a net margin of 13.56% and a return on equity of 23.39%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. On average, sell-side analysts predict that Amphenol Co. will post 3.32 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Stockholders of record on Tuesday, September 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Monday, September 14th. Amphenol’s dividend payout ratio is currently 26.74%.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets 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, busbars, and distribution systems; and other connectors.

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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