BB&T Investment Services Inc. Takes Position in Amphenol Corporation (APH)

BB&T Investment Services Inc. bought a new position in Amphenol Corporation (NYSE:APH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,067 shares of the electronics maker’s stock, valued at approximately $374,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Birch Hill Investment Advisors LLC bought a new stake in shares of Amphenol Corporation in the 1st quarter worth approximately $105,000. Dupont Capital Management Corp bought a new stake in shares of Amphenol Corporation in the 2nd quarter worth approximately $109,000. People s United Financial Inc. raised its holdings in shares of Amphenol Corporation by 6.8% in the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after purchasing an additional 95 shares in the last quarter. Israel Discount Bank of New York bought a new stake in shares of Amphenol Corporation in the 1st quarter worth approximately $121,000. Finally, Parallel Advisors LLC raised its holdings in shares of Amphenol Corporation by 28.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,746 shares of the electronics maker’s stock worth $134,000 after purchasing an additional 391 shares in the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

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Amphenol Corporation (NYSE:APH) traded up 0.77% on Thursday, hitting $87.45. 127,711 shares of the stock traded hands. The stock has a market capitalization of $26.71 billion, a P/E ratio of 29.44 and a beta of 0.79. Amphenol Corporation has a 12-month low of $62.63 and a 12-month high of $87.47. The company’s 50 day moving average price is $82.55 and its 200-day moving average price is $76.23.

Amphenol Corporation (NYSE:APH) last released its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) 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 the consensus estimate of $1.62 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s revenue was up 7.6% compared to the same quarter last year. Analysts predict that Amphenol Corporation will post $3.10 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th were given a dividend of $0.19 per share. The ex-dividend date was 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 yield of 0.88%. Amphenol Corporation’s dividend payout ratio is presently 25.59%.

In other Amphenol Corporation news, CFO Craig A. Lampo sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $80.98, for a total transaction of $1,214,700.00. Following the transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $3,239,200. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP David M. Silverman sold 16,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $80.04, for a total transaction of $1,280,640.00. Following the transaction, the vice president now owns 16,000 shares in the company, valued at $1,280,640. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 433,200 shares of company stock worth $33,886,886. Corporate insiders own 2.51% of the company’s stock.

A number of research firms recently commented on APH. Cowen and Company reiterated an “outperform” rating and issued a $95.00 target price (up from $85.00) on shares of Amphenol Corporation in a report on Tuesday. Deutsche Bank AG reiterated a “buy” rating and issued a $95.00 target price (up from $80.00) on shares of Amphenol Corporation in a report on Thursday, October 5th. Zacks Investment Research upgraded shares of Amphenol Corporation from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Monday, October 2nd. Bank of America Corporation upgraded shares of Amphenol Corporation from a “neutral” rating to a “buy” rating in a report on Friday, September 29th. Finally, Royal Bank Of Canada reiterated a “top pick” rating and issued a $85.00 target price (up from $81.00) on shares of Amphenol Corporation in a report on Tuesday, August 29th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Amphenol Corporation currently has an average rating of “Buy” and a consensus target price of $83.50.

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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