Bank of New York Mellon Corp decreased its stake in shares of Amphenol Corporation (NYSE:APH) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,183,986 shares of the electronics maker’s stock after selling 340,641 shares during the period. Bank of New York Mellon Corp owned about 4.97% of Amphenol Corporation worth $1,120,882,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. boosted its position in shares of Amphenol Corporation by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,702 shares of the electronics maker’s stock valued at $192,000 after buying an additional 16 shares in the last quarter. First Bank & Trust boosted its position in shares of Amphenol Corporation by 0.5% in the second quarter. First Bank & Trust now owns 8,644 shares of the electronics maker’s stock valued at $638,000 after buying an additional 43 shares in the last quarter. Contravisory Investment Management Inc. boosted its position in shares of Amphenol Corporation by 1.6% in the second quarter. Contravisory Investment Management Inc. now owns 3,930 shares of the electronics maker’s stock valued at $290,000 after buying an additional 60 shares in the last quarter. Cleararc Capital Inc. boosted its position in shares of Amphenol Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 7,543 shares of the electronics maker’s stock valued at $537,000 after buying an additional 65 shares in the last quarter. Finally, Greenleaf Trust boosted its position in shares of Amphenol Corporation by 0.4% in the second quarter. Greenleaf Trust now owns 23,397 shares of the electronics maker’s stock valued at $1,727,000 after buying an additional 95 shares in the last quarter. 95.99% of the stock is owned by institutional investors.

Shares of Amphenol Corporation (NYSE APH) opened at 78.91 on Wednesday. Amphenol Corporation has a 12 month low of $59.58 and a 12 month high of $79.38. The company has a market capitalization of $24.10 billion, a price-to-earnings ratio of 26.57 and a beta of 0.77. The firm’s 50-day moving average is $75.75 and its 200 day moving average is $72.65.

Amphenol Corporation (NYSE:APH) last released its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities analysts expect that Amphenol Corporation will post $3.09 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be issued a dividend of $0.19 per share. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, September 15th. Amphenol Corporation’s dividend payout ratio (DPR) is 21.55%.

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Several brokerages recently commented on APH. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amphenol Corporation in a research note on Thursday, June 1st. Stifel Nicolaus boosted their price objective on shares of Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. BidaskClub cut shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) cut shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $75.00 to $78.00 in a research note on Wednesday, July 5th. Finally, Zacks Investment Research lowered shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $78.38.

In other Amphenol Corporation news, VP William J. Doherty sold 61,800 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $78.12, for a total transaction of $4,827,816.00. Following the completion of the sale, the vice president now directly owns 8,800 shares of the company’s stock, valued at approximately $687,456. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Martin Booker sold 46,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $75.42, for a total transaction of $3,469,320.00. Following the sale, the vice president now directly owns 20,400 shares of the company’s stock, valued at $1,538,568. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,050,200 shares of company stock valued at $79,467,056. Insiders own 2.51% of the company’s stock.

Amphenol Corporation Company Profile

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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Institutional Ownership by Quarter for Amphenol Corporation (NYSE:APH)

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