Amphenol Co. (NYSE:APH) Shares Sold by Sandy Spring Bank
Sandy Spring Bank lowered its stake in Amphenol Co. (NYSE:APH) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,786 shares of the electronics maker’s stock after selling 256 shares during the quarter. Sandy Spring Bank’s holdings in Amphenol were worth $2,186,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. TD Asset Management Inc. lifted its position in shares of Amphenol by 6.7% during the second quarter. TD Asset Management Inc. now owns 341,781 shares of the electronics maker’s stock worth $32,790,000 after purchasing an additional 21,474 shares in the last quarter. Keybank National Association OH increased its stake in shares of Amphenol by 18.9% during the second quarter. Keybank National Association OH now owns 252,666 shares of the electronics maker’s stock worth $24,240,000 after buying an additional 40,109 shares during the period. Westpac Banking Corp increased its stake in shares of Amphenol by 6.9% during the second quarter. Westpac Banking Corp now owns 106,624 shares of the electronics maker’s stock worth $10,230,000 after buying an additional 6,900 shares during the period. Stevens Capital Management LP purchased a new stake in shares of Amphenol during the second quarter worth approximately $8,992,000. Finally, Geneva Partners LLC increased its stake in shares of Amphenol by 14.6% during the second quarter. Geneva Partners LLC now owns 12,370 shares of the electronics maker’s stock worth $1,187,000 after buying an additional 1,575 shares during the period. 94.31% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on APH shares. Evercore ISI started coverage on shares of Amphenol in a research note on Wednesday, June 5th. They set an “outperform” rating and a $102.00 target price on the stock. Longbow Research lowered shares of Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 target price on the stock. in a research note on Monday, June 17th. Morgan Stanley cut their target price on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Co cut their target price on shares of Amphenol from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, ValuEngine lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Amphenol has an average rating of “Buy” and a consensus price target of $104.41.
Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.01). The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Amphenol had a net margin of 14.54% and a return on equity of 29.08%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 earnings per share. As a group, equities analysts expect that Amphenol Co. will post 3.64 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be paid a $0.25 dividend. This is a positive change from Amphenol’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Monday, September 16th. Amphenol’s dividend payout ratio is currently 24.40%.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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