Rothschild Asset Management Inc. Sells 198 Shares of Amphenol Corporation (APH)
Rothschild Asset Management Inc. lowered its stake in shares of Amphenol Corporation (NYSE:APH) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,946 shares of the electronics maker’s stock after selling 198 shares during the period. Rothschild Asset Management Inc.’s holdings in Amphenol Corporation were worth $513,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of APH. Alta Capital Management LLC increased its stake in shares of Amphenol Corporation by 2.7% in the first quarter. Alta Capital Management LLC now owns 587,928 shares of the electronics maker’s stock valued at $41,842,000 after buying an additional 15,489 shares in the last quarter. DnB Asset Management AS increased its stake in shares of Amphenol Corporation by 17.6% in the first quarter. DnB Asset Management AS now owns 33,438 shares of the electronics maker’s stock valued at $2,380,000 after buying an additional 5,000 shares in the last quarter. Reilly Financial Advisors LLC increased its stake in shares of Amphenol Corporation by 0.5% in the first quarter. Reilly Financial Advisors LLC now owns 146,106 shares of the electronics maker’s stock valued at $10,398,000 after buying an additional 659 shares in the last quarter. Pinnacle Bank acquired a new stake in shares of Amphenol Corporation during the first quarter valued at about $122,000. Finally, Atria Investments LLC increased its stake in shares of Amphenol Corporation by 2.8% in the first quarter. Atria Investments LLC now owns 12,151 shares of the electronics maker’s stock valued at $865,000 after buying an additional 336 shares in the last quarter. Institutional investors own 96.75% of the company’s stock.
Shares of Amphenol Corporation (NYSE:APH) opened at 77.97 on Friday. The company’s 50-day moving average price is $75.52 and its 200-day moving average price is $72.40. Amphenol Corporation has a 52-week low of $59.58 and a 52-week high of $78.58. The firm has a market capitalization of $23.82 billion, a P/E ratio of 26.25 and a beta of 0.77.
Amphenol Corporation (NYSE:APH) last released its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.09. Amphenol Corporation had a net margin of 14.37% and a return on equity of 24.98%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period in the prior year, the firm earned $0.65 EPS. The business’s revenue was up 7.6% on a year-over-year basis. On average, equities research analysts expect that Amphenol Corporation will post $3.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Monday, September 18th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, September 15th. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. Amphenol Corporation’s dividend payout ratio is presently 21.55%.
Several equities research analysts have recently issued reports on APH shares. Zacks Investment Research raised Amphenol Corporation from a “hold” rating to a “buy” rating and set a $84.00 price target on the stock in a research report on Thursday, June 22nd. Morgan Stanley raised their price target on Amphenol Corporation from $64.00 to $68.00 and gave the company an “equal weight” rating in a research report on Friday, April 28th. Deutsche Bank AG raised their price target on Amphenol Corporation from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Royal Bank Of Canada raised their price target on Amphenol Corporation from $77.00 to $80.00 and gave the company a “top pick” rating in a research report on Tuesday, June 27th. Finally, BidaskClub downgraded Amphenol Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $78.38.
In other Amphenol Corporation news, CFO Craig A. Lampo sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were 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 owns 40,000 shares in the company, valued at approximately $2,914,400. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Zachary W. Raley sold 432,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $74.12, for a total transaction of $32,019,840.00. Following the transaction, the senior vice president now owns 144,000 shares in the company, valued at approximately $10,673,280. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,265,200 shares of company stock worth $95,179,956. Company 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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