Aureus Asset Management LLC acquired a new position in Amphenol Corporation (NYSE:APH) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,940 shares of the electronics maker’s stock, valued at approximately $214,000.
Several other hedge funds have also recently made changes to their positions in the company. Barings LLC purchased a new stake in shares of Amphenol Corporation during the fourth quarter worth about $547,000. Cigna Investments Inc. New bought a new position in Amphenol Corporation during the fourth quarter valued at $760,000. Congress Asset Management Co. MA acquired a new position in shares of Amphenol Corporation during the fourth quarter worth approximately $6,619,000. Denver Investment Advisors LLC acquired a new position in shares of Amphenol Corporation during the fourth quarter worth approximately $597,000. Finally, AQR Capital Management LLC boosted its position in shares of Amphenol Corporation by 6.5% in the fourth quarter. AQR Capital Management LLC now owns 22,688 shares of the electronics maker’s stock worth $1,525,000 after buying an additional 1,392 shares during the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.
Amphenol Corporation (NYSE APH) traded up 0.09% during mid-day trading on Tuesday, reaching $74.91. 758,484 shares of the company’s stock traded hands. The stock’s 50 day moving average is $74.61 and its 200-day moving average is $70.78. The stock has a market capitalization of $22.89 billion, a PE ratio of 26.57 and a beta of 0.77. Amphenol Corporation has a 52 week low of $58.34 and a 52 week high of $76.67.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.05. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.53 billion. Amphenol Corporation had a return on equity of 24.24% and a net margin of 13.93%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 EPS. On average, equities analysts anticipate that Amphenol Corporation will post $2.97 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Monday, June 19th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Thursday, June 15th. Amphenol Corporation’s dividend payout ratio (DPR) is presently 22.70%.
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Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Amphenol Corporation in a report on Thursday, June 1st. Stifel Nicolaus lifted their price objective on shares of Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, April 27th. BidaskClub lowered shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) lowered shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $78.00 in a report on Wednesday, July 5th. Finally, Zacks Investment Research lowered shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $78.38.
In other news, SVP Zachary W. Raley sold 432,000 shares of the stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $74.12, for a total transaction of $32,019,840.00. Following the transaction, the senior vice president now owns 144,000 shares of the company’s stock, valued at approximately $10,673,280. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 200,000 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $73.10, for a total value of $14,620,000.00. Following the transaction, the chief executive officer now directly owns 293,992 shares in the company, valued at approximately $21,490,815.20. The disclosure for this sale can be found here. Insiders have sold a total of 893,000 shares of company stock valued at $66,184,060 over the last ninety days. Company insiders own 2.92% of the company’s stock.
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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