Manchester Capital Management LLC continued to hold its position in shares of Amphenol Corporation (NYSE:APH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,470 shares of the electronics maker’s stock at the close of the second quarter. Manchester Capital Management LLC’s holdings in Amphenol Corporation were worth $109,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its position in Amphenol Corporation by 112.3% during the first quarter. Janney Montgomery Scott LLC now owns 6,686 shares of the electronics maker’s stock worth $476,000 after purchasing an additional 3,536 shares during the period. Russell Investments Group Ltd. boosted its position in Amphenol Corporation by 6.1% during the first quarter. Russell Investments Group Ltd. now owns 172,261 shares of the electronics maker’s stock worth $12,265,000 after purchasing an additional 9,832 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in Amphenol Corporation by 31.6% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 10,555 shares of the electronics maker’s stock worth $751,000 after purchasing an additional 2,535 shares during the period. Nuance Investments LLC bought a new position in Amphenol Corporation during the first quarter worth $5,611,000. Finally, Buffington Mohr McNeal boosted its position in Amphenol Corporation by 24.6% during the first quarter. Buffington Mohr McNeal now owns 26,575 shares of the electronics maker’s stock worth $1,891,000 after purchasing an additional 5,250 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.
In other Amphenol Corporation news, SVP Luc Walter sold 110,400 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $77.70, for a total value of $8,578,080.00. Following the completion of the transaction, the senior vice president now owns 130,400 shares in the company, valued at approximately $10,132,080. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 200,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 293,992 shares of the company’s stock, valued at approximately $22,916,676.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 433,200 shares of company stock valued at $33,886,886. 2.51% of the stock is owned by corporate insiders.
Amphenol Corporation (NYSE:APH) opened at 82.94 on Friday. The company has a 50-day moving average price of $79.80 and a 200-day moving average price of $74.70. Amphenol Corporation has a 1-year low of $62.64 and a 1-year high of $83.81. The firm has a market cap of $25.33 billion, a P/E ratio of 27.93 and a beta of 0.76.
Amphenol Corporation (NYSE:APH) last posted its quarterly 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 company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities research analysts forecast that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be paid a $0.19 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.76 annualized dividend and a yield of 0.92%. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio (DPR) is currently 25.59%.
A number of research firms have commented on APH. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amphenol Corporation in a research report on Thursday, June 1st. Stifel Nicolaus reissued a “hold” rating and issued a $72.00 target price on shares of Amphenol Corporation in a research report on Friday, July 14th. BidaskClub raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) cut shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and boosted their target price for the company from $75.00 to $78.00 in a research report on Wednesday, July 5th. Finally, Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research report on Friday. Three investment 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. The stock currently 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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