Caxton Associates LP Buys Shares of 10,500 Amphenol Corporation (APH)
Caxton Associates LP bought a new stake in shares of Amphenol Corporation (NYSE:APH) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 10,500 shares of the electronics maker’s stock, valued at approximately $775,000.
Several other institutional investors have also added to or reduced their stakes in APH. Van ECK Associates Corp boosted its stake in shares of Amphenol Corporation by 7.3% during the 1st quarter. Van ECK Associates Corp now owns 4,210 shares of the electronics maker’s stock valued at $300,000 after buying an additional 287 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Amphenol Corporation by 7.3% during the 1st quarter. OppenheimerFunds Inc. now owns 11,016 shares of the electronics maker’s stock valued at $784,000 after buying an additional 748 shares during the last quarter. TLP Group LLC purchased a new position in shares of Amphenol Corporation during the 1st quarter valued at approximately $376,000. Principal Financial Group Inc. boosted its stake in shares of Amphenol Corporation by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 474,394 shares of the electronics maker’s stock valued at $33,763,000 after buying an additional 2,345 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Amphenol Corporation by 0.5% during the 1st quarter. FMR LLC now owns 39,355,583 shares of the electronics maker’s stock valued at $2,800,937,000 after buying an additional 208,471 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.
APH has been the subject of several research analyst reports. BidaskClub upgraded Amphenol Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Thursday, August 17th. Bank of America Corporation upgraded Amphenol Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, September 29th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $95.00 target price (up from $80.00) on shares of Amphenol Corporation in a research note on Thursday. Three analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $82.25.
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Shares of Amphenol Corporation (NYSE:APH) traded up 0.2211% during trading on Monday, reaching $86.7714. The company had a trading volume of 119,864 shares. The firm has a market capitalization of $26.50 billion, a PE ratio of 29.2160 and a beta of 0.78. Amphenol Corporation has a 12 month low of $62.64 and a 12 month high of $86.80. The stock has a 50 day moving average price of $81.88 and a 200 day moving average price of $75.85.
Amphenol Corporation (NYSE:APH) last announced its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, topping 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 firm earned $0.65 EPS. Amphenol Corporation’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts forecast that Amphenol Corporation will post $3.09 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 0.88%. 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 dividend payout ratio (DPR) is presently 25.59%.
In other news, CFO Craig A. Lampo sold 15,000 shares of Amphenol Corporation stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $79.70, for a total transaction of $1,195,500.00. Following the sale, the chief financial officer now owns 40,000 shares of the company’s stock, valued at approximately $3,188,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David M. Silverman sold 16,000 shares of Amphenol Corporation stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $80.04, for a total value of $1,280,640.00. Following the sale, the vice president now directly owns 16,000 shares in the company, valued at approximately $1,280,640. The disclosure for this sale can be found here. Insiders have sold a total of 433,200 shares of company stock worth $33,886,886 in the last three months. 2.51% of the stock is 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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