Morgan Dempsey Capital Management LLC Has $247,000 Stake in Amphenol Corporation (APH)

Morgan Dempsey Capital Management LLC raised its stake in Amphenol Corporation (NYSE:APH) by 32.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,346 shares of the electronics maker’s stock after buying an additional 816 shares during the period. Morgan Dempsey Capital Management LLC’s holdings in Amphenol Corporation were worth $247,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Amphenol Corporation by 2,540.0% in the first quarter. BlackRock Inc. now owns 19,061,201 shares of the electronics maker’s stock valued at $1,356,586,000 after buying an additional 18,339,185 shares during the period. Vanguard Group Inc. boosted its stake in shares of Amphenol Corporation by 3.2% in the first quarter. Vanguard Group Inc. now owns 29,794,362 shares of the electronics maker’s stock valued at $2,120,464,000 after buying an additional 914,857 shares during the period. Janus Capital Management LLC boosted its stake in shares of Amphenol Corporation by 10.8% in the first quarter. Janus Capital Management LLC now owns 9,234,030 shares of the electronics maker’s stock valued at $657,176,000 after buying an additional 900,961 shares during the period. Geode Capital Management LLC boosted its stake in shares of Amphenol Corporation by 9.0% in the first quarter. Geode Capital Management LLC now owns 3,175,971 shares of the electronics maker’s stock valued at $225,728,000 after buying an additional 261,287 shares during the period. Finally, Pioneer Investment Management Inc. boosted its stake in shares of Amphenol Corporation by 12.7% in the first quarter. Pioneer Investment Management Inc. now owns 2,264,594 shares of the electronics maker’s stock valued at $161,171,000 after buying an additional 255,097 shares during the period. 96.75% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Corporation (NYSE:APH) opened at 77.77 on Friday. Amphenol Corporation has a 1-year low of $59.58 and a 1-year high of $78.58. The firm has a market capitalization of $23.75 billion, a price-to-earnings ratio of 26.19 and a beta of 0.77. The stock’s 50 day moving average is $75.41 and its 200 day moving average is $72.33.

Amphenol Corporation (NYSE:APH) last released its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the firm earned $0.65 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Analysts predict that Amphenol Corporation will post $3.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Monday, September 18th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, September 15th. This is an increase from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio (DPR) is 21.55%.

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Several equities research analysts have commented on APH shares. Goldman Sachs Group, Inc. (The) cut shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $75.00 to $78.00 in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Wednesday, June 7th. Deutsche Bank AG boosted their price objective on shares of Amphenol Corporation from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Royal Bank Of Canada boosted their price objective on shares of Amphenol Corporation from $75.00 to $77.00 and gave the stock a “top pick” rating in a research note on Thursday, April 27th. Finally, BidaskClub lowered shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $78.38.

In related news, VP William J. Doherty sold 61,800 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $78.12, for a total transaction of $4,827,816.00. Following the completion of the sale, the vice president now owns 8,800 shares in the company, valued at $687,456. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Zachary W. Raley sold 432,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $74.12, for a total transaction of $32,019,840.00. Following the sale, the senior vice president now owns 144,000 shares of the company’s stock, valued at approximately $10,673,280. The disclosure for this sale can be found here. Insiders have sold 1,265,200 shares of company stock valued at $95,179,956 in the last 90 days. 2.51% of the stock is currently 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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Institutional Ownership by Quarter for Amphenol Corporation (NYSE:APH)

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