Norinchukin Bank The Grows Holdings in Amphenol Corporation (APH)
Norinchukin Bank The grew its holdings in Amphenol Corporation (NYSE:APH) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,261 shares of the electronics maker’s stock after purchasing an additional 1,217 shares during the quarter. Norinchukin Bank The owned about 0.06% of Amphenol Corporation worth $13,897,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. First Bank & Trust lifted its stake in Amphenol Corporation by 0.5% in the 2nd quarter. First Bank & Trust now owns 8,644 shares of the electronics maker’s stock worth $638,000 after purchasing an additional 43 shares in the last quarter. Contravisory Investment Management Inc. lifted its stake in Amphenol Corporation by 1.6% in the 2nd quarter. Contravisory Investment Management Inc. now owns 3,930 shares of the electronics maker’s stock worth $290,000 after purchasing an additional 60 shares in the last quarter. Cleararc Capital Inc. lifted its stake in Amphenol Corporation by 0.9% in the 1st quarter. Cleararc Capital Inc. now owns 7,543 shares of the electronics maker’s stock worth $537,000 after purchasing an additional 65 shares in the last quarter. Greenleaf Trust lifted its stake in Amphenol Corporation by 0.4% in the 2nd quarter. Greenleaf Trust now owns 23,397 shares of the electronics maker’s stock worth $1,727,000 after purchasing an additional 95 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in Amphenol Corporation by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the electronics maker’s stock worth $1,403,000 after purchasing an additional 100 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently issued reports on APH shares. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Thursday, September 7th. Royal Bank Of Canada restated a “top pick” rating and set a $85.00 price target (up previously from $81.00) on shares of Amphenol Corporation in a report on Tuesday, August 29th. Stifel Nicolaus restated a “hold” rating and set a $72.00 price target on shares of Amphenol Corporation in a report on Monday, August 14th. Finally, BidaskClub upgraded shares of Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. Amphenol Corporation has a consensus rating of “Buy” and a consensus target price of $79.75.
Shares of Amphenol Corporation (NYSE:APH) traded down 0.74% during mid-day trading on Wednesday, hitting $81.51. 185,846 shares of the stock were exchanged. The stock has a market cap of $24.90 billion, a PE ratio of 27.44 and a beta of 0.76. The company has a 50-day moving average of $78.67 and a 200 day moving average of $74.16. Amphenol Corporation has a one year low of $61.38 and a one year high of $82.12.
Amphenol Corporation (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. On average, equities analysts predict 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 paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.93%. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio (DPR) is currently 21.55%.
In other news, VP William J. Doherty sold 61,800 shares of the 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 completion of the sale, the vice president now owns 8,800 shares of the company’s stock, valued at $687,456. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $80.98, for a total transaction of $1,214,700.00. Following the completion of the sale, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at approximately $3,239,200. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 433,200 shares of company stock worth $33,886,886. 2.51% of the stock is currently owned by insiders.
Amphenol Corporation 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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