Amphenol Corporation (APH) Holdings Cut by Hancock Holding Co.
Hancock Holding Co. decreased its holdings in shares of Amphenol Corporation (NYSE:APH) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,355 shares of the electronics maker’s stock after selling 250 shares during the quarter. Hancock Holding Co.’s holdings in Amphenol Corporation were worth $321,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Birch Hill Investment Advisors LLC bought a new position in shares of Amphenol Corporation in the first quarter worth about $105,000. Dupont Capital Management Corp acquired a new stake in shares of Amphenol Corporation in the 2nd quarter valued at approximately $109,000. Israel Discount Bank of New York acquired a new stake in shares of Amphenol Corporation in the 1st quarter valued at approximately $121,000. Parallel Advisors LLC boosted its stake in shares of Amphenol Corporation by 28.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after purchasing an additional 391 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new stake in shares of Amphenol Corporation in the 2nd quarter valued at approximately $148,000. 96.88% of the stock is owned by hedge funds and other institutional investors.
Shares of Amphenol Corporation (APH) opened at 84.64 on Monday. The company’s 50-day moving average is $79.80 and its 200 day moving average is $74.70. Amphenol Corporation has a 52-week low of $62.63 and a 52-week high of $84.87. The firm has a market capitalization of $25.85 billion, a P/E ratio of 28.50 and a beta of 0.78.
Amphenol Corporation (NYSE:APH) last released its 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 during the quarter, compared to the consensus estimate of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. Amphenol Corporation’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. Analysts expect that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be given a dividend of $0.19 per share. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, September 15th. Amphenol Corporation’s dividend payout ratio (DPR) is presently 25.59%.
A number of equities analysts 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 $84.00 price objective for the company in a research report on Thursday, June 22nd. Royal Bank Of Canada restated a “top pick” rating and issued a $85.00 target price (up previously from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. BidaskClub lowered shares of Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $72.00 target price on shares of Amphenol Corporation in a research note on Monday, August 14th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $80.13.
In other news, CFO Craig A. Lampo sold 15,000 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $80.98, for a total value of $1,214,700.00. Following the completion of the sale, the chief financial officer now owns 40,000 shares of the company’s stock, valued at approximately $3,239,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $15,590,000.00. Following the completion of the sale, the chief executive officer now directly owns 293,992 shares of the company’s stock, valued at approximately $22,916,676.40. The disclosure for this sale can be found here. Insiders have sold 433,200 shares of company stock worth $33,886,886 over the last quarter. Company 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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