GSA Capital Partners LLP increased its position in shares of Amphenol Co. (NYSE:APH) by 79.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,450 shares of the electronics maker’s stock after purchasing an additional 6,401 shares during the quarter. GSA Capital Partners LLP’s holdings in Amphenol were worth $1,259,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Reilly Herbert Faulkner III increased its position in shares of Amphenol by 1.0% during the first quarter. Reilly Herbert Faulkner III now owns 61,185 shares of the electronics maker’s stock worth $5,270,000 after purchasing an additional 584 shares in the last quarter. First Bank & Trust grew its holdings in Amphenol by 6.5% in the 2nd quarter. First Bank & Trust now owns 9,744 shares of the electronics maker’s stock valued at $849,000 after buying an additional 596 shares in the last quarter. Atria Investments LLC grew its holdings in Amphenol by 4.5% in the 1st quarter. Atria Investments LLC now owns 15,378 shares of the electronics maker’s stock valued at $1,324,000 after buying an additional 657 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Amphenol by 10.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,137 shares of the electronics maker’s stock valued at $699,000 after buying an additional 739 shares in the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services grew its holdings in Amphenol by 1.8% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 43,977 shares of the electronics maker’s stock valued at $3,832,000 after buying an additional 763 shares in the last quarter. Hedge funds and other institutional investors own 94.71% of the company’s stock.
In other news, CFO Craig A. Lampo sold 32,500 shares of the company’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $95.54, for a total value of $3,105,050.00. Following the transaction, the chief financial officer now owns 45,000 shares of the company’s stock, valued at approximately $4,299,300. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 8,000 shares of the company’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $95.60, for a total value of $764,800.00. Following the completion of the transaction, the vice president now directly owns 10,000 shares in the company, valued at approximately $956,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 640,213 shares of company stock worth $60,480,618. Corporate insiders own 2.34% of the company’s stock.
Several analysts have issued reports on the company. Morgan Stanley upped their target price on Amphenol from $93.00 to $95.00 and gave the company an “equal weight” rating in a report on Thursday, July 26th. Stifel Nicolaus upped their target price on Amphenol from $90.00 to $92.00 and gave the company a “hold” rating in a report on Thursday, July 26th. Finally, Zacks Investment Research cut Amphenol from a “buy” rating to a “hold” rating in a report on Thursday, May 24th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Amphenol presently has a consensus rating of “Buy” and a consensus price target of $97.43.
Shares of NYSE:APH opened at $94.53 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.22. The firm has a market capitalization of $28.41 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 2.42 and a beta of 0.88. Amphenol Co. has a 52-week low of $79.86 and a 52-week high of $95.90.
Amphenol (NYSE:APH) last issued its earnings results on Wednesday, July 25th. The electronics maker reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.05. Amphenol had a return on equity of 27.49% and a net margin of 9.49%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the business earned $0.74 EPS. The firm’s quarterly revenue was up 18.9% on a year-over-year basis. equities analysts expect that Amphenol Co. will post 3.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 10th. Stockholders of record on Monday, September 17th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, September 14th. Amphenol’s dividend payout ratio (DPR) is presently 29.49%.
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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, bus bars, and distribution systems; and other connectors.
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