State of Tennessee Treasury Department Decreases Holdings in Amphenol Co. (NYSE:APH)
State of Tennessee Treasury Department trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 15.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,809 shares of the electronics maker’s stock after selling 20,926 shares during the period. State of Tennessee Treasury Department’s holdings in Amphenol were worth $8,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. TCW Group Inc. increased its position in Amphenol by 0.7% in the 1st quarter. TCW Group Inc. now owns 18,226 shares of the electronics maker’s stock valued at $1,328,000 after acquiring an additional 119 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Amphenol by 4.0% in the 4th quarter. Integrated Wealth Concepts LLC now owns 3,418 shares of the electronics maker’s stock worth $370,000 after acquiring an additional 130 shares during the period. Gateway Investment Advisers LLC lifted its stake in Amphenol by 3.6% in the 1st quarter. Gateway Investment Advisers LLC now owns 4,616 shares of the electronics maker’s stock valued at $336,000 after buying an additional 160 shares in the last quarter. Shine Investment Advisory Services Inc. lifted its stake in Amphenol by 75.3% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 482 shares of the electronics maker’s stock valued at $35,000 after buying an additional 207 shares in the last quarter. Finally, CSat Investment Advisory L.P. lifted its stake in shares of Amphenol by 29.3% during the 4th quarter. CSat Investment Advisory L.P. now owns 1,032 shares of the electronics maker’s stock worth $112,000 after purchasing an additional 234 shares during the period. 94.05% of the stock is owned by institutional investors and hedge funds.
In other Amphenol news, CEO Richard Adam Norwitt sold 325,000 shares of Amphenol stock in a transaction that occurred on Friday, June 5th. The shares were 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 in the company, valued at approximately $21,024,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Lance E. D’amico sold 7,500 shares of Amphenol stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $94.22, for a total transaction of $706,650.00. Following the transaction, the vice president now owns 11,000 shares in the company, valued at $1,036,420. The disclosure for this sale can be found here. In the last 90 days, insiders sold 469,082 shares of company stock worth $48,535,741. 2.72% of the stock is currently owned by company insiders.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 22nd. The electronics maker reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.03). The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.83 billion. Amphenol had a return on equity of 25.06% and a net margin of 13.90%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. Equities analysts expect that Amphenol Co. will post 2.99 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 16th will be given a $0.25 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.00 annualized dividend and a yield of 1.07%. Amphenol’s dividend payout ratio (DPR) is 26.74%.
Several research analysts recently weighed in on the company. reaffirmed a “sell” rating on shares of Amphenol in a research report on Tuesday, June 9th. TheStreet downgraded Amphenol from a “b-” rating to a “c+” rating in a report on Thursday, April 2nd. Zacks Investment Research upgraded Amphenol from a “sell” rating to a “hold” rating and set a $91.00 price target for the company in a report on Monday, April 27th. Stifel Nicolaus increased their price target on Amphenol from $80.00 to $95.00 and gave the company a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on Amphenol from $96.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $99.00.
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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