Aureus Asset Management LLC Takes Position in Amphenol Corporation (NYSE:APH)

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.

Institutional Ownership by Quarter for Amphenol Corporation (NYSE:APH)

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