Sandy Spring Bank Has $1,825,000 Position in Amphenol Corp. (APH)
Sandy Spring Bank cut its position in shares of Amphenol Corp. (NYSE:APH) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,119 shares of the company’s stock after selling 270 shares during the period. Sandy Spring Bank’s holdings in Amphenol Corp. were worth $1,825,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Eagle Investment Management LLC raised its position in shares of Amphenol Corp. by 1.7% in the third quarter. First Eagle Investment Management LLC now owns 3,900,926 shares of the company’s stock worth $253,248,000 after buying an additional 64,260 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Amphenol Corp. by 0.7% in the third quarter. Prudential Financial Inc. now owns 427,158 shares of the company’s stock worth $27,732,000 after buying an additional 2,986 shares during the last quarter. Global X Management Co. LLC raised its position in shares of Amphenol Corp. by 85.7% in the third quarter. Global X Management Co. LLC now owns 2,809 shares of the company’s stock worth $182,000 after buying an additional 1,296 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Amphenol Corp. by 3.1% in the third quarter. JPMorgan Chase & Co. now owns 9,445,094 shares of the company’s stock worth $613,364,000 after buying an additional 283,421 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Amphenol Corp. by 87.3% in the third quarter. Sei Investments Co. now owns 71,833 shares of the company’s stock worth $4,664,000 after buying an additional 33,476 shares during the last quarter. 96.32% of the stock is currently owned by hedge funds and other institutional investors.
Amphenol Corp. (NYSE:APH) traded down 0.09% during mid-day trading on Tuesday, reaching $68.43. 1,297,787 shares of the company’s stock traded hands. The company has a 50 day moving average price of $66.00 and a 200-day moving average price of $61.51. Amphenol Corp. has a 12 month low of $44.50 and a 12 month high of $68.80. The stock has a market cap of $21.11 billion, a P/E ratio of 27.48 and a beta of 0.98.
Amphenol Corp. (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 19th. The company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Amphenol Corp. had a return on equity of 23.48% and a net margin of 12.98%. The company earned $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Amphenol Corp.’s revenue was up 12.1% on a year-over-year basis. On average, analysts anticipate that Amphenol Corp. will post $2.70 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Tuesday, December 13th will be issued a dividend of $0.16 per share. This is a positive change from Amphenol Corp.’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 0.94%. Amphenol Corp.’s payout ratio is presently 22.49%.
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A number of brokerages have weighed in on APH. RBC Capital Markets reaffirmed a “top pick” rating and issued a $69.00 price target (up previously from $68.00) on shares of Amphenol Corp. in a research note on Saturday, October 22nd. Royal Bank Of Canada boosted their price objective on shares of Amphenol Corp. from $68.00 to $69.00 and gave the stock a “top pick” rating in a research report on Thursday, October 20th. Zacks Investment Research lowered shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, September 20th. Finally, Goldman Sachs Group Inc. raised shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $60.00 to $70.00 in a research report on Tuesday, September 20th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $69.11.
In related news, CEO Richard Adam Norwitt sold 295,000 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $66.11, for a total value of $19,502,450.00. Following the completion of the sale, the chief executive officer now owns 304,992 shares in the company, valued at approximately $20,163,021.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Luc Walter sold 68,528 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $66.35, for a total value of $4,546,832.80. Following the completion of the sale, the senior vice president now owns 168,528 shares of the company’s stock, valued at approximately $11,181,832.80. 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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