BlackRock Inc. Sells 197,789 Shares of Amphenol Corporation (APH)
BlackRock Inc. cut its holdings in Amphenol Corporation (NYSE:APH) by 1.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,863,412 shares of the electronics maker’s stock after selling 197,789 shares during the quarter. BlackRock Inc. owned 6.17% of Amphenol Corporation worth $1,392,496,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of APH. Vanguard Group Inc. grew its holdings in shares of Amphenol Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 29,794,362 shares of the electronics maker’s stock valued at $2,120,464,000 after purchasing an additional 914,857 shares in the last quarter. Janus Capital Management LLC grew its holdings in shares of Amphenol Corporation by 10.8% in the first quarter. Janus Capital Management LLC now owns 9,234,030 shares of the electronics maker’s stock valued at $657,176,000 after purchasing an additional 900,961 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Amphenol Corporation by 81.9% in the second quarter. Franklin Resources Inc. now owns 936,898 shares of the electronics maker’s stock valued at $69,162,000 after purchasing an additional 421,950 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Amphenol Corporation by 9.0% in the first quarter. Geode Capital Management LLC now owns 3,175,971 shares of the electronics maker’s stock valued at $225,728,000 after purchasing an additional 261,287 shares in the last quarter. Finally, Pioneer Investment Management Inc. boosted its stake in Amphenol Corporation by 12.7% during the first quarter. Pioneer Investment Management Inc. now owns 2,264,594 shares of the electronics maker’s stock worth $161,171,000 after buying an additional 255,097 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.
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In other Amphenol Corporation news, SVP Luc Walter sold 110,400 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $77.70, for a total value of $8,578,080.00. Following the completion of the sale, the senior vice president now directly owns 130,400 shares in the company, valued at approximately $10,132,080. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 200,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $77.95, for a total value of $15,590,000.00. Following the completion of the sale, the chief executive officer now owns 293,992 shares of the company’s stock, valued at $22,916,676.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 433,200 shares of company stock valued at $33,886,886. 2.51% of the stock is owned by company insiders.
Several research analysts have commented on APH shares. BidaskClub raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research note on Tuesday, June 13th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amphenol Corporation in a research note on Thursday, June 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $72.00 price objective on shares of Amphenol Corporation in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $80.00.
Amphenol Corporation (APH) opened at 82.58 on Friday. The firm’s 50-day moving average is $79.43 and its 200 day moving average is $74.45. The stock has a market capitalization of $25.22 billion, a price-to-earnings ratio of 27.80 and a beta of 0.76. Amphenol Corporation has a 1-year low of $62.64 and a 1-year high of $82.60.
Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. Equities analysts anticipate that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The business also recently announced 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 a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Friday, September 15th. Amphenol Corporation’s dividend payout ratio is presently 21.55%.
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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