Amphenol Corp. (APH) Shares Sold by Manitou Investment Management Ltd.
Manitou Investment Management Ltd. decreased its stake in Amphenol Corp. (NYSE:APH) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 201,010 shares of the company’s stock after selling 10,195 shares during the period. Amphenol Corp. comprises approximately 3.7% of Manitou Investment Management Ltd.’s portfolio, making the stock its 13th largest position. Manitou Investment Management Ltd. owned 0.07% of Amphenol Corp. worth $11,524,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in APH. Hedeker Wealth LLC bought a new stake in Amphenol Corp. during the second quarter valued at $861,000. Concert Wealth Management Inc. bought a new stake in Amphenol Corp. during the second quarter valued at $372,000. Quadrant Capital Group LLC increased its stake in Amphenol Corp. by 3.2% in the second quarter. Quadrant Capital Group LLC now owns 3,215 shares of the company’s stock valued at $181,000 after buying an additional 99 shares in the last quarter. LMR Partners LLP bought a new stake in Amphenol Corp. during the second quarter valued at $448,000. Finally, Montag & Caldwell LLC increased its stake in Amphenol Corp. by 0.3% in the second quarter. Montag & Caldwell LLC now owns 13,244 shares of the company’s stock valued at $759,000 after buying an additional 40 shares in the last quarter. 96.78% of the stock is currently owned by institutional investors.
Shares of Amphenol Corp. (NYSE:APH) traded up 0.25% during mid-day trading on Tuesday, reaching $63.21. 1,734,668 shares of the company were exchanged. Amphenol Corp. has a 12 month low of $44.50 and a 12 month high of $65.79. The stock has a 50 day moving average price of $63.59 and a 200-day moving average price of $59.56. The stock has a market capitalization of $19.51 billion, a P/E ratio of 26.00 and a beta of 1.07.
Amphenol Corp. (NYSE:APH) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the company earned $0.58 earnings per share. The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. Analysts predict that Amphenol Corp. will post $2.63 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 13th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.89%. Amphenol Corp.’s payout ratio is currently 23.05%.
Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. RBC Capital Markets reaffirmed a “top pick” rating and issued a $66.00 price objective (up from $65.00) on shares of Amphenol Corp. in a report on Tuesday, September 20th. Goldman Sachs Group Inc. raised shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $60.00 to $70.00 in a report on Tuesday, September 20th. Finally, Royal Bank Of Canada upped their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a report on Thursday, July 21st. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $68.11.
In other news, insider Richard Adam Norwitt sold 262,000 shares of Amphenol Corp. stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $59.01, for a total value of $15,460,620.00. Following the transaction, the insider now directly owns 137,992 shares of the company’s stock, valued at approximately $8,142,907.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Martin Booker sold 21,200 shares of Amphenol Corp. stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $59.11, for a total transaction of $1,253,132.00. Following the completion of the transaction, the vice president now directly owns 6,400 shares in the company, valued at $378,304. The disclosure for this sale can be found here. Company 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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