Envestnet Asset Management Inc. reduced its holdings in Amphenol Corporation (NYSE:APH) by 3.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,877 shares of the electronics maker’s stock after selling 7,012 shares during the period. Envestnet Asset Management Inc. owned approximately 0.07% of Amphenol worth $18,947,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. Dupont Capital Management Corp purchased a new position in shares of Amphenol during the 2nd quarter worth about $109,000. People s United Financial Inc. boosted its stake in shares of Amphenol by 6.8% during 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 during the period. Parallel Advisors LLC boosted its stake in shares of Amphenol by 28.9% during 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 during the period. Acrospire Investment Management LLC purchased a new position in shares of Amphenol during the 2nd quarter worth about $148,000. Finally, Cribstone Capital Management LLC boosted its stake in shares of Amphenol by 123.5% during the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock worth $161,000 after purchasing an additional 1,050 shares during the period. 96.52% of the stock is owned by institutional investors and hedge funds.
In related news, VP Jean-Luc Gavelle sold 88,000 shares of Amphenol stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $86.37, for a total transaction of $7,600,560.00. Following the completion of the sale, the vice president now owns 48,000 shares in the company, valued at approximately $4,145,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Craig A. Lampo sold 10,000 shares of Amphenol stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $89.51, for a total transaction of $895,100.00. Following the sale, the chief financial officer now owns 35,000 shares of the company’s stock, valued at approximately $3,132,850. The disclosure for this sale can be found here. Insiders have sold a total of 849,000 shares of company stock valued at $75,518,690 in the last quarter. 2.51% of the stock is currently owned by company insiders.
Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. Amphenol had a net margin of 14.73% and a return on equity of 25.63%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business posted $0.73 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. equities analysts forecast that Amphenol Corporation will post 3.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.76 dividend on an annualized basis and a yield of 0.86%. Amphenol’s payout ratio is 24.20%.
A number of research firms recently commented on APH. BidaskClub raised shares of Amphenol from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. Canaccord Genuity reaffirmed a “hold” rating on shares of Amphenol in a research note on Monday, October 16th. Zacks Investment Research cut shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Morgan Stanley lifted their price target on shares of Amphenol from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 26th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $72.00 price target on shares of Amphenol in a research note on Monday, August 14th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $87.90.
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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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