Roberts Glore & Co. Inc. IL Trims Stake in Amphenol Corporation (APH)
Roberts Glore & Co. Inc. IL reduced its position in shares of Amphenol Corporation (NYSE:APH) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,700 shares of the electronics maker’s stock after selling 100 shares during the period. Roberts Glore & Co. Inc. IL’s holdings in Amphenol Corporation were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Amphenol Corporation by 312.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 70,100 shares of the electronics maker’s stock worth $5,175,000 after purchasing an additional 53,100 shares during the last quarter. Caxton Associates LP bought a new stake in Amphenol Corporation in the second quarter valued at approximately $775,000. Cubist Systematic Strategies LLC boosted its holdings in Amphenol Corporation by 54.0% in the second quarter. Cubist Systematic Strategies LLC now owns 27,611 shares of the electronics maker’s stock valued at $2,038,000 after acquiring an additional 9,678 shares during the last quarter. Sciencast Management LP bought a new stake in Amphenol Corporation in the second quarter valued at approximately $479,000. Finally, Janus Henderson Group PLC boosted its holdings in Amphenol Corporation by 1,662.5% in the second quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock valued at $782,311,000 after acquiring an additional 9,996,239 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.
Several analysts recently commented on the company. Cowen and Company reiterated an “outperform” rating and issued a $95.00 target price (up from $85.00) on shares of Amphenol Corporation in a report on Tuesday. Zacks Investment Research upgraded Amphenol Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Monday, October 2nd. BidaskClub upgraded Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Deutsche Bank AG reiterated a “buy” rating and issued a $95.00 target price (up from $80.00) on shares of Amphenol Corporation in a report on Thursday, October 5th. Finally, Royal Bank Of Canada upped their target price on Amphenol Corporation from $77.00 to $80.00 and gave the company a “top pick” rating in a report on Tuesday, June 27th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $83.50.
Shares of Amphenol Corporation (NYSE APH) traded up 0.53% during trading on Tuesday, reaching $87.01. The company’s stock had a trading volume of 159,775 shares. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 29.30 and a beta of 0.78. Amphenol Corporation has a 52-week low of $62.64 and a 52-week high of $87.05. The stock’s 50 day moving average price is $82.11 and its 200-day moving average price is $76.03.
Amphenol Corporation (NYSE:APH) last issued its quarterly earnings data 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 firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. Equities analysts anticipate 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. Stockholders of record on Monday, September 18th will be given a $0.19 dividend. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, September 15th. Amphenol Corporation’s dividend payout ratio (DPR) is currently 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 value of $1,195,500.00. Following the sale, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $3,188,000. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard Adam Norwitt sold 200,000 shares of Amphenol Corporation stock in a transaction that occurred on Thursday, August 3rd. The stock was 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 in the company, valued at $22,916,676.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 433,200 shares of company stock worth $33,886,886. Corporate insiders own 2.51% of the company’s stock.
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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