Amphenol Corporation (APH) Shares Sold by Segall Bryant & Hamill LLC
Segall Bryant & Hamill LLC lessened its stake in shares of Amphenol Corporation (NYSE:APH) by 5.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 320,572 shares of the electronics maker’s stock after selling 16,996 shares during the period. Segall Bryant & Hamill LLC owned about 0.10% of Amphenol worth $27,133,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of APH. Dupont Capital Management Corp bought a new position in Amphenol during the second quarter worth about $109,000. People s United Financial Inc. boosted its position in Amphenol by 6.8% during the second 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 position in Amphenol by 28.9% during the second 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. Cribstone Capital Management LLC boosted its position in Amphenol by 123.5% during the third 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. Finally, Acrospire Investment Management LLC bought a new position in Amphenol during the second quarter worth about $148,000. Institutional investors and hedge funds own 96.52% of the company’s stock.
A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Amphenol from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th. Canaccord Genuity reiterated a “hold” rating on shares of Amphenol in a research report on Monday, October 16th. Zacks Investment Research lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th. Morgan Stanley raised their price objective on shares of Amphenol from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $72.00 price objective on shares of Amphenol in a research report on Monday, August 14th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Amphenol currently has an average rating of “Buy” and an average price target of $87.90.
In other Amphenol news, VP Jean-Luc Gavelle sold 88,000 shares of Amphenol stock in a transaction that occurred on 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 directly owns 48,000 shares in the company, valued at $4,145,760. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 220,000 shares of Amphenol stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total transaction of $18,942,000.00. Following the transaction, the chief executive officer now directly owns 216,492 shares in the company, valued at $18,639,961.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 849,000 shares of company stock valued at $75,518,690. 2.51% of the stock is currently owned by company insiders.
Shares of Amphenol Corporation (APH) opened at $87.78 on Thursday. Amphenol Corporation has a 1 year low of $66.00 and a 1 year high of $91.26. The stock has a market cap of $26,924.80, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 2.48 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 announced its earnings results on Wednesday, October 25th. The electronics maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. Amphenol had a net margin of 14.73% and a return on equity of 25.63%. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the business posted $0.73 earnings per share. Amphenol’s revenue for the quarter was up 12.5% on a year-over-year basis. equities research analysts anticipate that Amphenol Corporation will post 3.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders 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 yield of 0.87%. Amphenol’s payout ratio is presently 24.20%.
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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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