Amphenol Corporation (APH) Stake Cut by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Amphenol Corporation (NYSE:APH) by 99.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,251 shares of the electronics maker’s stock after selling 2,214,115 shares during the period. Wellington Management Group LLP’s holdings in Amphenol Corporation were worth $730,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Quadrant Capital Group LLC increased its position in Amphenol Corporation by 0.3% in the first quarter. Quadrant Capital Group LLC now owns 3,150 shares of the electronics maker’s stock valued at $221,000 after buying an additional 8 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Amphenol Corporation by 0.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,702 shares of the electronics maker’s stock valued at $192,000 after buying an additional 16 shares during the period. Burns J W & Co. Inc. NY increased its position in Amphenol Corporation by 1.0% in the first quarter. Burns J W & Co. Inc. NY now owns 5,275 shares of the electronics maker’s stock valued at $375,000 after buying an additional 50 shares during the period. Greenwich Wealth Management LLC increased its position in Amphenol Corporation by 0.9% in the first quarter. Greenwich Wealth Management LLC now owns 13,461 shares of the electronics maker’s stock valued at $958,000 after buying an additional 119 shares during the period. Finally, Pacer Advisors Inc. increased its position in Amphenol Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 4,907 shares of the electronics maker’s stock valued at $349,000 after buying an additional 154 shares during the period. Hedge funds and other institutional investors own 96.75% of the company’s stock.

Shares of Amphenol Corporation (NYSE APH) opened at 77.97 on Friday. The company has a 50 day moving average of $75.52 and a 200 day moving average of $72.40. Amphenol Corporation has a 52-week low of $59.58 and a 52-week high of $78.58. The firm has a market capitalization of $23.82 billion, a PE ratio of 26.25 and a beta of 0.77.

Amphenol Corporation (NYSE:APH) last announced its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. On average, analysts anticipate that Amphenol Corporation will post $3.09 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, September 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.97%. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio is presently 21.55%.

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Several research firms have weighed in on APH. Royal Bank Of Canada restated a “buy” rating on shares of Amphenol Corporation in a report on Thursday, June 1st. Stifel Nicolaus raised their target price on shares of Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a report on Thursday, April 27th. BidaskClub downgraded shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) downgraded shares of Amphenol Corporation from a “buy” rating to a “neutral” rating and raised their target price for the company from $75.00 to $78.00 in a report on Wednesday, July 5th. Finally, Zacks Investment Research downgraded shares of Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Amphenol Corporation currently has an average rating of “Buy” and a consensus target price of $78.38.

In other news, VP William J. Doherty sold 61,800 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 8,800 shares of the company’s stock, valued at $687,456. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 200,000 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $73.10, for a total value of $14,620,000.00. Following the completion of the sale, the chief executive officer now directly owns 293,992 shares of the company’s stock, valued at $21,490,815.20. 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 ninety days. Company insiders own 2.51% of the company’s stock.

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.

Institutional Ownership by Quarter for Amphenol Corporation (NYSE:APH)

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