Washington Capital Management Inc. continued to hold its stake in shares of Amphenol Corporation (NYSE:APH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,252 shares of the electronics maker’s stock at the end of the second quarter. Washington Capital Management Inc.’s holdings in Amphenol Corporation were worth $535,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in APH. AQR Capital Management LLC raised its stake in shares of Amphenol Corporation by 6.5% in the fourth quarter. AQR Capital Management LLC now owns 22,688 shares of the electronics maker’s stock worth $1,525,000 after buying an additional 1,392 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Amphenol Corporation by 1.8% in the fourth quarter. Teachers Advisors LLC now owns 546,111 shares of the electronics maker’s stock worth $36,699,000 after buying an additional 9,435 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in shares of Amphenol Corporation during the fourth quarter worth about $1,504,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Amphenol Corporation during the fourth quarter worth about $671,000. Finally, Macquarie Group Ltd. raised its stake in shares of Amphenol Corporation by 66.3% in the fourth quarter. Macquarie Group Ltd. now owns 16,300 shares of the electronics maker’s stock worth $1,095,000 after buying an additional 6,500 shares in the last quarter. 95.99% of the stock is owned by hedge funds and other institutional investors.
Shares of Amphenol Corporation (NYSE APH) opened at 78.42 on Friday. The firm has a market cap of $23.95 billion, a PE ratio of 26.40 and a beta of 0.77. The company has a 50-day moving average of $76.14 and a 200 day moving average of $72.82. Amphenol Corporation has a one year low of $60.89 and a one year high of $79.70.
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, beating the Zacks’ consensus estimate of $0.72 by $0.09. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the company posted $0.65 EPS. Amphenol Corporation’s quarterly revenue was up 7.6% on a year-over-year basis. On average, equities research analysts expect that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The firm 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 $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.97%. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 15th. Amphenol Corporation’s dividend payout ratio is presently 21.55%.
APH has been the subject of a number of analyst reports. Royal Bank Of Canada upped their price objective on shares of Amphenol Corporation from $75.00 to $77.00 and gave the company a “top pick” rating in a report on Thursday, April 27th. Stifel Nicolaus upped their price objective 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. Zacks Investment Research raised shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Friday, April 28th. Deutsche Bank AG increased their target price 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. Finally, Morgan Stanley increased their target price on shares of Amphenol Corporation from $64.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $79.00.
In other Amphenol Corporation news, VP William J. Doherty sold 61,800 shares of the company’s 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 transaction, the vice president now directly owns 8,800 shares of the company’s stock, valued at approximately $687,456. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Zachary W. Raley sold 432,000 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $74.12, for a total value of $32,019,840.00. Following the completion of the transaction, the senior vice president now directly owns 144,000 shares in the company, valued at $10,673,280. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,050,200 shares of company stock worth $79,467,056. 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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