IFP Advisors Inc Acquires 842 Shares of Amphenol Corporation (APH)
IFP Advisors Inc raised its stake in shares of Amphenol Corporation (NYSE:APH) by 50.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,500 shares of the electronics maker’s stock after buying an additional 842 shares during the period. IFP Advisors Inc’s holdings in Amphenol Corporation were worth $185,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Perennial Advisors LLC raised its stake in Amphenol Corporation by 15.6% in the first quarter. Perennial Advisors LLC now owns 30,877 shares of the electronics maker’s stock valued at $2,198,000 after buying an additional 4,157 shares in the last quarter. Wetherby Asset Management Inc. purchased a new stake in shares of Amphenol Corporation during the first quarter valued at approximately $231,000. Reilly Herbert Faulkner III increased its stake in shares of Amphenol Corporation by 1.3% in the first quarter. Reilly Herbert Faulkner III now owns 57,069 shares of the electronics maker’s stock valued at $4,062,000 after buying an additional 750 shares during the period. First Merchants Corp increased its stake in shares of Amphenol Corporation by 57.4% in the first quarter. First Merchants Corp now owns 18,744 shares of the electronics maker’s stock valued at $1,334,000 after buying an additional 6,837 shares during the period. Finally, KAMES CAPITAL plc increased its stake in shares of Amphenol Corporation by 10.9% in the first quarter. KAMES CAPITAL plc now owns 126,733 shares of the electronics maker’s stock valued at $9,017,000 after buying an additional 12,495 shares during the period. 95.99% of the stock is owned by institutional investors and hedge funds.
Amphenol Corporation (NYSE APH) opened at 78.71 on Tuesday. The firm has a 50-day moving average of $76.28 and a 200 day moving average of $72.99. Amphenol Corporation has a 1-year low of $60.97 and a 1-year high of $79.70. The firm has a market cap of $24.04 billion, a price-to-earnings ratio of 26.50 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.09. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Analysts expect that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, September 15th. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s payout ratio is currently 21.55%.
Several equities research analysts recently commented on APH shares. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research report on Thursday, June 22nd. Morgan Stanley upped their price target on shares of Amphenol Corporation from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Deutsche Bank AG upped their price target on shares of Amphenol Corporation from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Royal Bank Of Canada upped their price target on shares of Amphenol Corporation from $77.00 to $80.00 and gave the company a “top pick” rating in a research report on Tuesday, June 27th. Finally, BidaskClub downgraded shares of Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $79.00.
In other news, VP Martin Booker sold 46,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $75.42, for a total value of $3,469,320.00. Following the sale, the vice president now owns 20,400 shares of the company’s stock, valued at $1,538,568. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP William J. Doherty sold 61,800 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was 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 in the company, valued at approximately $687,456. The disclosure for this sale can be found here. In the last three months, 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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