YHB Investment Advisors Inc. Raises Stake in Amphenol Co. (NYSE:APH)
YHB Investment Advisors Inc. boosted its position in Amphenol Co. (NYSE:APH) by 11.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,318 shares of the electronics maker’s stock after buying an additional 4,735 shares during the period. YHB Investment Advisors Inc.’s holdings in Amphenol were worth $3,345,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. increased its position in Amphenol by 39.7% in the second quarter. Sei Investments Co. now owns 173,424 shares of the electronics maker’s stock worth $12,802,000 after buying an additional 49,257 shares in the last quarter. Mawer Investment Management Ltd. increased its position in Amphenol by 45.2% in the second quarter. Mawer Investment Management Ltd. now owns 427,430 shares of the electronics maker’s stock worth $31,553,000 after buying an additional 133,080 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Amphenol by 3.9% in the second quarter. Janney Montgomery Scott LLC now owns 6,949 shares of the electronics maker’s stock worth $513,000 after buying an additional 263 shares during the last quarter. Harbour Capital Advisors LLC boosted its stake in Amphenol by 7,281.9% in the second quarter. Harbour Capital Advisors LLC now owns 23,622 shares of the electronics maker’s stock worth $320,000 after buying an additional 23,302 shares during the last quarter. Finally, IBM Retirement Fund boosted its stake in Amphenol by 117.7% in the second quarter. IBM Retirement Fund now owns 7,268 shares of the electronics maker’s stock worth $599,000 after buying an additional 3,930 shares during the last quarter. 96.75% of the stock is currently owned by institutional investors.
Amphenol Co. (NYSE:APH) traded up 0.26% during trading on Friday, reaching $77.97. 1,101,411 shares of the company were exchanged. Amphenol Co. has a 12 month low of $59.58 and a 12 month high of $78.58. The stock has a 50 day moving average price of $75.52 and a 200 day moving average price of $72.40. The firm has a market capitalization of $23.82 billion, a PE ratio of 26.25 and a beta of 0.77.
Amphenol (NYSE:APH) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Amphenol had a return on equity of 26.62% and a net margin of 15.22%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the company posted $0.65 earnings per share. Amphenol’s revenue was up 7.6% on a year-over-year basis. On average, analysts expect that Amphenol Co. will post $3.09 EPS for the current fiscal year.
The business also recently declared 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 yield of 0.97%. This is a boost from Amphenol’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 15th. Amphenol’s dividend payout ratio is 21.55%.
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A number of research analysts have issued reports on APH shares. Zacks Investment Research raised shares of Amphenol from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a report on Thursday, June 22nd. Morgan Stanley raised their target price on shares of Amphenol from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Deutsche Bank AG raised their target price on shares of Amphenol from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Royal Bank Of Canada raised their price target on shares of Amphenol from $77.00 to $80.00 and gave the company a “top pick” rating in a research report on Tuesday, June 27th. Finally, BidaskClub lowered shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Amphenol presently has an average rating of “Buy” and a consensus price target of $78.38.
In other news, VP Martin Booker sold 46,000 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $75.42, for a total transaction of $3,469,320.00. Following the transaction, the vice president now owns 20,400 shares of the company’s stock, valued at $1,538,568. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $72.86, for a total value 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 disclosure for this sale can be found here. Insiders sold 1,265,200 shares of company stock worth $95,179,956 over the last quarter. Company insiders own 2.51% of the company’s stock.
Amphenol 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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