Public Employees Retirement Association of Colorado Lowers Stake in Amphenol Corp. (APH)
Public Employees Retirement Association of Colorado reduced its stake in Amphenol Corp. (NYSE:APH) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 794,940 shares of the company’s stock after selling 4,432 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.26% of Amphenol Corp. worth $45,574,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services Inc bought a new position in shares of Amphenol Corp. during the first quarter valued at approximately $387,000. Virginia Retirement System bought a new position in shares of Amphenol Corp. during the first quarter valued at approximately $289,000. Teachers Advisors Inc. raised its position in shares of Amphenol Corp. by 24.3% in the first quarter. Teachers Advisors Inc. now owns 346,368 shares of the company’s stock valued at $20,027,000 after buying an additional 67,638 shares during the period. Franklin Resources Inc. raised its position in shares of Amphenol Corp. by 2.3% in the first quarter. Franklin Resources Inc. now owns 414,192 shares of the company’s stock valued at $23,948,000 after buying an additional 9,138 shares during the period. Finally, BlackRock Group LTD raised its position in shares of Amphenol Corp. by 2.4% in the first quarter. BlackRock Group LTD now owns 2,395,085 shares of the company’s stock valued at $138,485,000 after buying an additional 56,528 shares during the period. Institutional investors and hedge funds own 96.81% of the company’s stock.
Amphenol Corp. (NYSE:APH) traded down 0.50% during mid-day trading on Monday, hitting $65.04. 526,379 shares of the stock were exchanged. Amphenol Corp. has a 52-week low of $44.50 and a 52-week high of $65.79. The stock has a 50 day moving average of $63.19 and a 200-day moving average of $59.27. The stock has a market cap of $20.08 billion, a price-to-earnings ratio of 26.75 and a beta of 1.07.
Amphenol Corp. (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Amphenol Corp. had a return on equity of 23.72% and a net margin of 13.03%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The company’s revenue was up 14.6% on a year-over-year basis. Equities analysts predict that Amphenol Corp. will post $2.63 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 5th. Stockholders of record on Tuesday, September 13th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.86%. Amphenol Corp.’s payout ratio is 23.05%.
APH has been the subject of several research reports. Zacks Investment Research lowered shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Royal Bank Of Canada upped their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a report on Thursday, July 21st. RBC Capital Markets restated a “top pick” rating and issued a $63.00 price objective (up from $61.00) on shares of Amphenol Corp. in a report on Friday, July 22nd. Finally, Goldman Sachs Group Inc. upgraded shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $70.00 in a report on Tuesday, September 20th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $68.11.
In other news, CFO Craig A. Lampo sold 22,000 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $60.07, for a total transaction of $1,321,540.00. Following the sale, the chief financial officer now owns 35,000 shares in the company, valued at $2,102,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard Adam Norwitt sold 262,000 shares of the business’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $59.01, for a total value of $15,460,620.00. Following the sale, the insider now owns 137,992 shares in the company, valued at approximately $8,142,907.92. The disclosure for this sale can be found here. Insiders own 2.92% of the company’s stock.
About Amphenol Corp.
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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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