Traders Sell Amphenol Corporation (APH) on Strength (APH)
Investors sold shares of Amphenol Corporation (NYSE:APH) on strength during trading hours on Tuesday. $8.46 million flowed into the stock on the tick-up and $29.52 million flowed out of the stock on the tick-down, for a money net flow of $21.06 million out of the stock. Of all equities tracked, Amphenol Corporation had the 16th highest net out-flow for the day. Amphenol Corporation traded up $0.13 for the day and closed at $87.37
APH has been the topic of several recent research reports. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Thursday, September 14th. Stifel Nicolaus increased their price target on shares of Amphenol Corporation from $78.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Deutsche Bank AG reissued a “buy” rating and issued a $95.00 price target (up from $80.00) on shares of Amphenol Corporation in a report on Thursday, October 5th. BidaskClub raised shares of Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Finally, SunTrust Banks, Inc. increased their price target on shares of Amphenol Corporation from $77.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $86.78.
The company has a market capitalization of $26,680.00, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 2.68 and a beta of 0.80. The company has a current ratio of 3.04, a quick ratio of 2.27 and a debt-to-equity ratio of 0.87.
Amphenol Corporation (NYSE:APH) last announced its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. Amphenol Corporation had a net margin of 14.73% and a return on equity of 25.63%. Amphenol Corporation’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share. sell-side analysts expect that Amphenol Corporation will post 3.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, December 15th. Amphenol Corporation’s dividend payout ratio is currently 24.28%.
In related news, CFO Craig A. Lampo sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were 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 of the company’s stock, valued at $3,188,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jean-Luc Gavelle sold 88,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $86.37, for a total transaction of $7,600,560.00. Following the completion of the sale, the vice president now directly owns 48,000 shares in the company, valued at $4,145,760. The disclosure for this sale can be found here. Insiders sold 397,000 shares of company stock worth $33,877,390 over the last ninety days. 2.51% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of APH. Dupont Capital Management Corp bought a new position in Amphenol Corporation during the second quarter valued at approximately $109,000. People s United Financial Inc. grew its position 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 valued at $110,000 after acquiring an additional 95 shares during the last quarter. Parallel Advisors LLC grew its position in Amphenol Corporation by 28.9% during 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 last quarter. Acrospire Investment Management LLC bought a new position in Amphenol Corporation during the second quarter valued at approximately $148,000. Finally, Cribstone Capital Management LLC grew its position in Amphenol Corporation by 123.5% during the third quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock valued at $161,000 after acquiring an additional 1,050 shares during the last quarter. Institutional investors and hedge funds own 97.07% 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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