Edgestream Partners L.P. purchased a new stake in shares of Amphenol Corporation (NYSE:APH) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,130 shares of the electronics maker’s stock, valued at approximately $453,000.
Several other large investors have also recently bought and sold shares of APH. Birch Hill Investment Advisors LLC purchased a new stake in shares of Amphenol Corporation during the first quarter valued at approximately $105,000. Dupont Capital Management Corp bought a new position in Amphenol Corporation during the second quarter valued at approximately $109,000. YorkBridge Wealth Partners LLC lifted its position in Amphenol Corporation by 300.0% during the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock valued at $114,000 after purchasing an additional 1,200 shares during the period. Israel Discount Bank of New York bought a new position in Amphenol Corporation during the first quarter valued at approximately $121,000. Finally, Parallel Advisors LLC lifted its position in Amphenol Corporation by 28.9% during the second quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after purchasing an additional 391 shares during the period. Hedge funds and other institutional investors own 96.88% of the company’s stock.
In other Amphenol Corporation news, CFO Craig A. Lampo sold 15,000 shares of Amphenol Corporation stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $3,188,000. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Luc Walter sold 110,400 shares of Amphenol Corporation stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $77.70, for a total transaction of $8,578,080.00. Following the sale, the senior vice president now owns 130,400 shares of the company’s stock, valued at $10,132,080. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 433,200 shares of company stock valued at $33,886,886. Company insiders own 2.51% of the company’s stock.
Amphenol Corporation (NYSE:APH) opened at 82.94 on Friday. Amphenol Corporation has a 52-week low of $62.64 and a 52-week high of $83.81. The company has a market capitalization of $25.33 billion, a P/E ratio of 27.93 and a beta of 0.76. The firm has a 50-day moving average of $79.80 and a 200 day moving average of $74.70.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the previous year, the business posted $0.65 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.92%. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 15th. Amphenol Corporation’s payout ratio is presently 25.59%.
A number of brokerages recently weighed in on APH. Zacks Investment Research upgraded 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. Royal Bank Of Canada restated a “top pick” rating and set a $85.00 price objective (up previously from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. Finally, Stifel Nicolaus restated a “hold” rating and set a $72.00 price objective on shares of Amphenol Corporation in a research report on Monday, August 14th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Amphenol Corporation presently has a consensus rating of “Buy” and an average price target of $80.13.
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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.
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