YorkBridge Wealth Partners LLC Maintains Position in Amphenol Corporation (APH)
YorkBridge Wealth Partners LLC held its stake in Amphenol Corporation (NYSE:APH) during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,600 shares of the electronics maker’s stock at the end of the second quarter. YorkBridge Wealth Partners LLC’s holdings in Amphenol Corporation were worth $117,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. First Bank & Trust increased its position in shares of Amphenol Corporation by 0.5% during the second quarter. First Bank & Trust now owns 8,644 shares of the electronics maker’s stock valued at $638,000 after acquiring an additional 43 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in Amphenol Corporation by 1.6% during the second quarter. Contravisory Investment Management Inc. now owns 3,930 shares of the electronics maker’s stock worth $290,000 after acquiring an additional 60 shares during the period. Cleararc Capital Inc. lifted its holdings in Amphenol Corporation by 0.9% during the first quarter. Cleararc Capital Inc. now owns 7,543 shares of the electronics maker’s stock worth $537,000 after acquiring an additional 65 shares during the period. Greenleaf Trust lifted its holdings in Amphenol Corporation by 0.4% during the second quarter. Greenleaf Trust now owns 23,397 shares of the electronics maker’s stock worth $1,727,000 after acquiring an additional 95 shares during the period. Finally, People s United Financial Inc. lifted its holdings in Amphenol Corporation by 6.8% during the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 96.88% of the company’s stock.
Shares of Amphenol Corporation (NYSE APH) traded down 0.04% during mid-day trading on Monday, hitting $84.61. The company’s stock had a trading volume of 102,958 shares. Amphenol Corporation has a 52-week low of $62.63 and a 52-week high of $84.90. The stock’s 50 day moving average price is $79.80 and its 200 day moving average price is $74.70. The company has a market cap of $25.84 billion, a price-to-earnings ratio of 28.49 and a beta of 0.78.
Amphenol Corporation (NYSE:APH) last issued its quarterly 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. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the company posted $0.65 EPS. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts forecast that Amphenol Corporation will post $3.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be given a dividend of $0.19 per share. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, September 15th. Amphenol Corporation’s dividend payout ratio is currently 25.59%.
A number of brokerages have issued reports on APH. Stifel Nicolaus restated a “hold” rating and issued a $72.00 price objective on shares of Amphenol Corporation in a research note on Friday, July 14th. BidaskClub raised Amphenol Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) cut Amphenol Corporation from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $78.00 in a research note on Wednesday, July 5th. Finally, Zacks Investment Research cut Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Four 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 stock presently has an average rating of “Buy” and an average price target of $80.13.
In other Amphenol Corporation news, VP David M. Silverman sold 16,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $80.04, for a total transaction of $1,280,640.00. Following the completion of the transaction, the vice president now owns 16,000 shares of the company’s stock, valued at $1,280,640. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $79.70, for a total value of $1,195,500.00. Following the transaction, the chief financial officer now directly owns 40,000 shares of the company’s stock, valued at approximately $3,188,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 433,200 shares of company stock valued at $33,886,886. 2.51% of the stock is owned by corporate insiders.
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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