Amphenol Co. (NYSE:APH) Shares Sold by Tredje AP fonden
Tredje AP fonden reduced its stake in Amphenol Co. (NYSE:APH) by 42.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,693 shares of the electronics maker’s stock after selling 16,149 shares during the period. Tredje AP fonden’s holdings in Amphenol were worth $1,581,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the business. Coldstream Capital Management Inc. boosted its stake in Amphenol by 13.8% in the first quarter. Coldstream Capital Management Inc. now owns 10,273 shares of the electronics maker’s stock valued at $749,000 after acquiring an additional 1,249 shares during the period. National Pension Service grew its position in Amphenol by 2.4% during the 1st quarter. National Pension Service now owns 462,818 shares of the electronics maker’s stock worth $33,730,000 after purchasing an additional 10,644 shares in the last quarter. Morgan Stanley grew its position in Amphenol by 52.6% during the 1st quarter. Morgan Stanley now owns 2,189,659 shares of the electronics maker’s stock worth $159,584,000 after purchasing an additional 754,436 shares in the last quarter. FDx Advisors Inc. purchased a new position in Amphenol during the 1st quarter worth approximately $48,000. Finally, HighTower Advisors LLC purchased a new position in Amphenol during the 1st quarter worth approximately $2,235,000. Institutional investors own 94.05% of the company’s stock.
Several equities analysts have weighed in on APH shares. JPMorgan Chase & Co. lowered their price objective on shares of Amphenol from $96.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Wells Fargo & Co boosted their price target on shares of Amphenol from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Bank of America lowered their price target on shares of Amphenol from $120.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Morgan Stanley boosted their price target on shares of Amphenol from $86.00 to $101.00 and gave the company an “overweight” rating in a report on Tuesday, June 16th. Finally, Jefferies Financial Group boosted their price target on shares of Amphenol from $90.00 to $98.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $99.00.
Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 22nd. The electronics maker reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.03). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.83 billion. Amphenol had a return on equity of 25.06% and a net margin of 13.90%. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.89 earnings per share. On average, sell-side analysts predict that Amphenol Co. will post 2.99 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Monday, June 15th. Amphenol’s dividend payout ratio is 26.74%.
In other Amphenol news, VP Lance E. D’amico sold 7,500 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $94.22, for a total transaction of $706,650.00. Following the completion of the transaction, the vice president now owns 11,000 shares of the company’s stock, valued at approximately $1,036,420. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 325,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $105.12, for a total transaction of $34,164,000.00. Following the transaction, the chief executive officer now directly owns 200,000 shares of the company’s stock, valued at approximately $21,024,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 469,082 shares of company stock valued at $48,535,741. Company insiders own 2.72% of the company’s stock.
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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