Municipal Employees Retirement System of Michigan boosted its position in Amphenol Corporation (NYSE:APH) by 29.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,980 shares of the electronics maker’s stock after buying an additional 8,940 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Amphenol Corporation were worth $2,878,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of APH. Birch Hill Investment Advisors LLC bought a new position in Amphenol Corporation during the first quarter worth $105,000. YorkBridge Wealth Partners LLC boosted its stake 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 last quarter. Israel Discount Bank of New York acquired a new stake in Amphenol Corporation during the first quarter worth about $121,000. Pinnacle Bank acquired a new stake in Amphenol Corporation during the first quarter worth about $122,000. Finally, Ledyard National Bank acquired a new stake in Amphenol Corporation during the first quarter worth about $148,000. Institutional investors and hedge funds own 95.99% of the company’s stock.
Amphenol Corporation (NYSE APH) opened at 78.42 on Friday. The stock has a 50 day moving average price of $76.14 and a 200 day moving average price of $72.82. Amphenol Corporation has a 52 week low of $60.89 and a 52 week high of $79.70. The company has a market cap of $23.95 billion, a price-to-earnings ratio of 26.40 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings data on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm earned $0.65 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts forecast that Amphenol Corporation will post $3.09 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.19 per share. The ex-dividend date is Friday, September 15th. 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 0.97%. Amphenol Corporation’s dividend payout ratio (DPR) is currently 21.55%.
A number of research firms have recently issued reports on APH. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Thursday. Stifel Nicolaus reaffirmed a “hold” rating and issued a $72.00 price objective on shares of Amphenol Corporation in a research report on Monday, August 14th. BidaskClub raised Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 12th. Goldman Sachs Group, Inc. (The) cut Amphenol Corporation from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $75.00 to $78.00 in a report on Wednesday, July 5th. Finally, Royal Bank Of Canada lifted their price target on Amphenol Corporation from $77.00 to $80.00 and gave the stock a “top pick” rating in a report on Tuesday, June 27th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Amphenol Corporation has an average rating of “Buy” and a consensus price target of $79.00.
In other news, VP Martin Booker sold 46,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $75.42, for a total transaction of $3,469,320.00. Following the transaction, the vice president now directly owns 20,400 shares in the company, valued at $1,538,568. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Zachary W. Raley sold 432,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were 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 directly owns 144,000 shares of the company’s stock, valued at approximately $10,673,280. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,050,200 shares of company stock worth $79,467,056. Insiders own 2.51% 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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