Wellington Management Group LLP Cuts Stake in Amphenol Corporation (APH)

Wellington Management Group LLP lowered its position in Amphenol Corporation (NYSE:APH) by 99.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APH. YorkBridge Wealth Partners LLC increased its position in Amphenol Corporation by 300.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock worth $114,000 after buying an additional 1,200 shares during the period. Pinnacle Bank purchased a new position in Amphenol Corporation during the first quarter worth $122,000. Ledyard National Bank purchased a new position in Amphenol Corporation during the first quarter worth $148,000. 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 worth $192,000 after buying an additional 16 shares during the period. Finally, Founders Capital Management bought a new stake in Amphenol Corporation during the first quarter valued at $221,000. Hedge funds and other institutional investors own 95.99% of the company’s stock.

Shares of Amphenol Corporation (NYSE:APH) traded down 0.67% on Friday, hitting $78.42. 873,963 shares of the company were exchanged. The stock has a market capitalization of $23.95 billion, a PE ratio of 26.40 and a beta of 0.77. The firm’s 50-day moving average is $76.14 and its 200-day moving average is $72.82. Amphenol Corporation has a 52-week low of $60.89 and a 52-week high of $79.70.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be paid a $0.19 dividend. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.97%. Amphenol Corporation’s dividend payout ratio is 21.55%.

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Several research firms recently weighed in on APH. BidaskClub upgraded Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Zacks Investment Research cut Amphenol Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley raised their target price on Amphenol Corporation from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Royal Bank Of Canada increased their price target on Amphenol Corporation from $77.00 to $80.00 and gave the stock a “top pick” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus restated a “hold” rating and set a $72.00 price objective on shares of Amphenol Corporation in a research report on Monday, August 14th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $79.00.

In other news, VP Martin Booker sold 46,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $75.42, for a total value of $3,469,320.00. Following the transaction, the vice president now directly owns 20,400 shares in the company, valued at approximately $1,538,568. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Zachary W. Raley sold 432,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now owns 144,000 shares in the company, valued at $10,673,280. The disclosure for this sale can be found here. In the last three months, insiders sold 1,050,200 shares of company stock valued at $79,467,056. Corporate 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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