Commonwealth Equity Services Inc Sells 897 Shares of Amphenol Corporation (APH)

Commonwealth Equity Services Inc lessened its stake in Amphenol Corporation (NYSE:APH) by 16.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,645 shares of the electronics maker’s stock after selling 897 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Amphenol were worth $393,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of APH. Vanguard Group Inc. increased its stake in Amphenol by 2.6% during the second quarter. Vanguard Group Inc. now owns 30,560,224 shares of the electronics maker’s stock worth $2,255,957,000 after acquiring an additional 765,862 shares during the last quarter. Capital World Investors increased its stake in Amphenol by 0.9% during the second quarter. Capital World Investors now owns 26,040,751 shares of the electronics maker’s stock worth $1,922,328,000 after acquiring an additional 236,214 shares during the last quarter. Janus Henderson Group PLC increased its stake in Amphenol by 1,662.5% during the second quarter. Janus Henderson Group PLC now owns 10,597,526 shares of the electronics maker’s stock worth $782,311,000 after acquiring an additional 9,996,239 shares during the last quarter. Capital Research Global Investors increased its stake in Amphenol by 31.7% during the second quarter. Capital Research Global Investors now owns 3,170,204 shares of the electronics maker’s stock worth $234,024,000 after acquiring an additional 762,494 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in Amphenol by 33.9% during the second quarter. Voya Investment Management LLC now owns 2,760,299 shares of the electronics maker’s stock worth $203,766,000 after acquiring an additional 698,538 shares during the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

APH has been the subject of several recent analyst reports. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Thursday, September 14th. Stifel Nicolaus raised their target price on Amphenol from $78.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Deutsche Bank reissued a “buy” rating and set a $95.00 target price (up previously from $80.00) on shares of Amphenol in a research note on Thursday, October 5th. BidaskClub raised Amphenol from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Finally, SunTrust Banks raised their target price on Amphenol from $77.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Amphenol has a consensus rating of “Buy” and a consensus price target of $87.90.

In related news, VP Jean-Luc Gavelle sold 88,000 shares of Amphenol stock in a transaction on Friday, October 27th. The stock was sold at an average price of $86.37, for a total value of $7,600,560.00. Following the completion of the transaction, the vice president now directly owns 48,000 shares in the company, valued at $4,145,760. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Diana G. Reardon sold 503,000 shares of Amphenol stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total value of $45,637,190.00. Following the completion of the transaction, the director now owns 260,000 shares of the company’s stock, valued at $23,589,800. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 849,000 shares of company stock valued at $75,518,690. Company insiders own 2.51% of the company’s stock.

Amphenol Corporation (NYSE APH) opened at $89.80 on Friday. Amphenol Corporation has a 52-week low of $66.00 and a 52-week high of $91.26. The company has a market capitalization of $27,419.44, a price-to-earnings ratio of 28.51, a PEG ratio of 2.53 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.27 and a current ratio of 3.04.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the business posted $0.73 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. equities research analysts predict that Amphenol Corporation will post 3.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Monday, December 18th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, December 15th. This represents a $0.76 annualized dividend and a dividend yield of 0.85%. Amphenol’s dividend payout ratio is currently 24.20%.

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About Amphenol

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 (NYSE:APH)

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