Amphenol Corporation (APH) Shares Sold by California State Teachers Retirement System
California State Teachers Retirement System reduced its holdings in Amphenol Corporation (NYSE:APH) by 7.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 549,425 shares of the electronics maker’s stock after selling 47,446 shares during the quarter. California State Teachers Retirement System owned about 0.18% of Amphenol Corporation worth $40,558,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of APH. Birch Hill Investment Advisors LLC bought a new stake in Amphenol Corporation in the first quarter worth approximately $105,000. Dupont Capital Management Corp acquired a new stake in Amphenol Corporation in the second quarter valued at approximately $109,000. People s United Financial Inc. grew its stake in Amphenol Corporation by 6.8% in the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after acquiring an additional 95 shares during the period. Parallel Advisors LLC grew its stake in Amphenol Corporation by 28.9% in the second quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock valued at $134,000 after acquiring an additional 391 shares during the period. Finally, Acrospire Investment Management LLC acquired a new stake in Amphenol Corporation in the second quarter valued at approximately $148,000. Institutional investors and hedge funds own 96.88% of the company’s stock.
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A number of brokerages have commented on APH. BidaskClub raised Amphenol Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) cut Amphenol Corporation from a “buy” rating to a “neutral” rating and raised their price objective for the company from $75.00 to $78.00 in a research note on Wednesday, July 5th. Zacks Investment Research cut Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $72.00 price objective on shares of Amphenol Corporation in a research note on Friday, July 14th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Amphenol Corporation presently has a consensus rating of “Buy” and a consensus target price of $83.50.
In other news, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $80.98, for a total value of $1,214,700.00. Following the transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $3,239,200. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP William J. Doherty sold 61,800 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $78.12, for a total value of $4,827,816.00. Following the completion of the transaction, the vice president now owns 8,800 shares in the company, valued at $687,456. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 433,200 shares of company stock worth $33,886,886. Company insiders own 2.51% of the company’s stock.
Amphenol Corporation (NYSE APH) traded down 0.06% on Friday, reaching $87.72. The company’s stock had a trading volume of 128,896 shares. The company’s 50 day moving average price is $82.79 and its 200-day moving average price is $76.31. Amphenol Corporation has a 12-month low of $62.72 and a 12-month high of $88.00. The stock has a market cap of $26.79 billion, a PE ratio of 29.54 and a beta of 0.79.
Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. The business had revenue of $1.67 billion for 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%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business posted $0.65 EPS. On average, equities analysts expect that Amphenol Corporation will post $3.10 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th were paid a $0.19 dividend. This is an increase 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 0.87%. The ex-dividend date was Friday, September 15th. Amphenol Corporation’s dividend payout ratio (DPR) is 25.59%.
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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