Amphenol Corporation (NYSE:APH) Position Raised by Mn Services Vermogensbeheer B.V.
Mn Services Vermogensbeheer B.V. raised its position in Amphenol Corporation (NYSE:APH) by 507.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,970 shares of the electronics maker’s stock after buying an additional 41,743 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Amphenol Corporation were worth $3,689,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in Amphenol Corporation during the fourth quarter worth $526,000. AQR Capital Management LLC raised its position in 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 during the period. Numeric Investors LLC raised its position in Amphenol Corporation by 38.3% in the fourth quarter. Numeric Investors LLC now owns 8,300 shares of the electronics maker’s stock worth $558,000 after buying an additional 2,300 shares during the period. UBS Asset Management Americas Inc. raised its position in Amphenol Corporation by 103.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,745,948 shares of the electronics maker’s stock worth $117,330,000 after buying an additional 886,502 shares during the period. Finally, USA Financial Portformulas Corp acquired a new position in Amphenol Corporation during the fourth quarter worth $3,113,000. 96.75% of the stock is owned by hedge funds and other institutional investors.
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Shares of Amphenol Corporation (APH) traded down 0.92% during midday trading on Thursday, reaching $77.77. The company’s stock had a trading volume of 1,850,123 shares. The firm has a market cap of $23.75 billion, a price-to-earnings ratio of 26.19 and a beta of 0.77. Amphenol Corporation has a one year low of $59.58 and a one year high of $78.58. The stock’s 50 day moving average price is $75.33 and its 200 day moving average price is $72.29.
Amphenol Corporation (NYSE:APH) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.09. The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS. Analysts predict that Amphenol Corporation will post $3.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be issued a dividend of $0.19 per share. This is a boost from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Friday, September 15th. Amphenol Corporation’s payout ratio is currently 21.55%.
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A number of equities analysts recently commented on APH shares. Royal Bank Of Canada increased their price target on Amphenol Corporation from $75.00 to $77.00 and gave the company a “top pick” rating in a research note on Thursday, April 27th. Stifel Nicolaus increased their price target on Amphenol Corporation from $64.00 to $72.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Friday, April 28th. Deutsche Bank AG increased their price target on Amphenol Corporation from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Morgan Stanley increased their price target on Amphenol Corporation from $64.00 to $68.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $78.38.
In other news, CFO Craig A. Lampo sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $72.86, for a total transaction of $1,092,900.00. Following the transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at approximately $2,914,400. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Martin Booker sold 46,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $75.42, for a total value of $3,469,320.00. Following the transaction, the vice president now owns 20,400 shares in the company, valued at $1,538,568. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,265,200 shares of company stock worth $95,179,956. 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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