Amphenol Corporation (APH) Shares Sold by Torray LLC
Torray LLC cut its position in Amphenol Corporation (NYSE:APH) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 226,791 shares of the electronics maker’s stock after selling 18,811 shares during the period. Amphenol Corporation comprises about 1.8% of Torray LLC’s investment portfolio, making the stock its 23rd largest position. Torray LLC owned approximately 0.07% of Amphenol Corporation worth $16,742,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Birch Hill Investment Advisors LLC acquired a new position in shares of Amphenol Corporation during the first quarter worth $105,000. Dupont Capital Management Corp acquired a new position in shares of Amphenol Corporation during the second quarter worth $109,000. YorkBridge Wealth Partners LLC increased its position in shares of Amphenol Corporation by 300.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock worth $114,000 after buying an additional 1,200 shares during the last quarter. Israel Discount Bank of New York acquired a new position in shares of Amphenol Corporation during the first quarter worth $121,000. Finally, Canada Pension Plan Investment Board increased its position in shares of Amphenol Corporation by 2,839.5% in the second quarter. Canada Pension Plan Investment Board now owns 2,381 shares of the electronics maker’s stock worth $176,000 after buying an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 95.99% of the company’s stock.
Amphenol Corporation (NYSE APH) traded down 0.14% during midday trading on Monday, hitting $78.31. 54,808 shares of the company were exchanged. The stock has a 50 day moving average of $76.14 and a 200-day moving average of $72.82. The stock has a market capitalization of $23.92 billion, a price-to-earnings ratio of 26.37 and a beta of 0.77. Amphenol Corporation has a 1-year low of $60.28 and a 1-year high of $79.70.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. Amphenol Corporation’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS. Equities analysts expect that Amphenol Corporation will post $3.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be issued a $0.19 dividend. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Friday, September 15th. Amphenol Corporation’s payout ratio is currently 21.55%.
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A number of equities analysts have recently weighed in on APH shares. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a research note on Thursday, June 22nd. BidaskClub downgraded Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Deutsche Bank AG boosted their target price on Amphenol Corporation from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amphenol Corporation in a report on Thursday, June 1st. Finally, Morgan Stanley lifted their price target on shares of Amphenol Corporation from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $79.00.
In other Amphenol Corporation news, VP William J. Doherty sold 61,800 shares of Amphenol Corporation stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $78.12, for a total value of $4,827,816.00. Following the sale, the vice president now directly owns 8,800 shares in the company, valued at approximately $687,456. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Diana G. Reardon sold 200,000 shares of Amphenol Corporation stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $74.91, for a total transaction of $14,982,000.00. Following the completion of the sale, the director now owns 200,000 shares in the company, valued at $14,982,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,050,200 shares of company stock worth $79,467,056. 2.51% of the stock is currently owned by insiders.
About Amphenol Corporation
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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