Retirement Systems of Alabama increased its stake in shares of Amphenol Corp. (NYSE:APH) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 156,984 shares of the company’s stock after buying an additional 150 shares during the period. Retirement Systems of Alabama’s holdings in Amphenol Corp. were worth $9,000,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in APH. NN Investment Partners Holdings N.V. acquired a new position in shares of Amphenol Corp. during the first quarter valued at $103,000. BlueMountain Capital Management LLC acquired a new position in shares of Amphenol Corp. during the first quarter valued at $139,000. Telemus Capital LLC acquired a new position in shares of Amphenol Corp. during the second quarter valued at $206,000. Menta Capital LLC acquired a new position in shares of Amphenol Corp. during the first quarter valued at $220,000. Finally, Canada Pension Plan Investment Board raised its position in shares of Amphenol Corp. by 100.5% in the first quarter. Canada Pension Plan Investment Board now owns 4,190 shares of the company’s stock valued at $242,000 after buying an additional 2,100 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of Amphenol Corp. (NYSE:APH) traded down 0.23% during midday trading on Friday, hitting $65.37. 1,631,063 shares of the company were exchanged. The firm’s 50 day moving average price is $63.19 and its 200 day moving average price is $59.27. Amphenol Corp. has a one year low of $44.50 and a one year high of $65.77. The firm has a market capitalization of $20.18 billion, a price-to-earnings ratio of 26.89 and a beta of 1.07.
Amphenol Corp. (NYSE:APH) last posted its earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the firm posted $0.58 EPS. The company’s revenue for the quarter was up 14.6% compared to the same quarter last year. Analysts forecast that Amphenol Corp. will post $2.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 5th. Shareholders of record on Tuesday, September 13th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.86%. Amphenol Corp.’s payout ratio is 23.05%.
Several equities analysts recently weighed in on APH shares. Goldman Sachs Group Inc. upgraded shares of Amphenol Corp. from a “neutral” rating to a “buy” rating and increased their price objective for the company from $60.00 to $70.00 in a report on Tuesday, September 20th. RBC Capital Markets increased their price objective on shares of Amphenol Corp. from $63.00 to $65.00 and gave the company a “top pick” rating in a report on Friday, August 26th. Royal Bank Of Canada increased their price objective on shares of Amphenol Corp. from $61.00 to $63.00 and gave the company a “top pick” rating in a report on Thursday, July 21st. Finally, Zacks Investment Research lowered shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 20th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $68.11.
In other Amphenol Corp. news, Director Diana G. Reardon sold 240,000 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $61.69, for a total transaction of $14,805,600.00. Following the sale, the director now directly owns 240,000 shares of the company’s stock, valued at approximately $14,805,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Patrick Gillard sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $59.06, for a total transaction of $1,771,800.00. Following the sale, the vice president now directly owns 6,400 shares in the company, valued at $377,984. The disclosure for this sale can be found here. Company insiders own 2.92% of the company’s stock.
About Amphenol Corp.
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: Interconnect Products and Assemblies, and Cable Products and Solutions.