BB&T Securities LLC trimmed its stake in Amphenol Co. (NYSE:APH) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,502 shares of the electronics maker’s stock after selling 2,697 shares during the period. BB&T Securities LLC’s holdings in Amphenol were worth $2,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. boosted its position in Amphenol by 5.0% in the 2nd quarter. Wesbanco Bank Inc. now owns 36,968 shares of the electronics maker’s stock valued at $3,222,000 after buying an additional 1,769 shares during the period. Rampart Investment Management Company LLC boosted its position in Amphenol by 8.2% in the 2nd quarter. Rampart Investment Management Company LLC now owns 54,890 shares of the electronics maker’s stock valued at $4,784,000 after buying an additional 4,139 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Amphenol by 7.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,244 shares of the electronics maker’s stock valued at $4,989,000 after buying an additional 4,088 shares during the period. Amalgamated Bank boosted its position in Amphenol by 5.3% in the 2nd quarter. Amalgamated Bank now owns 46,197 shares of the electronics maker’s stock valued at $4,026,000 after buying an additional 2,342 shares during the period. Finally, Landaas & Co. WI ADV purchased a new stake in Amphenol in the 2nd quarter valued at about $113,000. 94.71% of the stock is owned by institutional investors.
In other news, VP William J. Doherty sold 19,200 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $94.57, for a total value of $1,815,744.00. Following the completion of the sale, the vice president now owns 8,800 shares in the company, valued at approximately $832,216. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Lance E. D’amico sold 8,000 shares of the business’s stock in a transaction dated Friday, July 27th. The shares were sold at an average price of $95.60, for a total transaction of $764,800.00. Following the completion of the sale, the vice president now owns 10,000 shares of the company’s stock, valued at approximately $956,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 647,713 shares of company stock valued at $61,196,943. Company insiders own 2.51% of the company’s stock.
NYSE:APH opened at $96.83 on Friday. Amphenol Co. has a one year low of $80.42 and a one year high of $97.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.72 and a quick ratio of 1.22. The stock has a market capitalization of $28.73 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 2.44 and a beta of 0.88.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 25th. The electronics maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.85 by $0.05. Amphenol had a net margin of 9.49% and a return on equity of 27.49%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the business posted $0.74 EPS. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. research analysts forecast that Amphenol Co. will post 3.62 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 10th. Stockholders of record on Monday, September 17th will be issued a $0.23 dividend. The ex-dividend date is Friday, September 14th. This represents a $0.92 annualized dividend and a dividend yield of 0.95%. Amphenol’s dividend payout ratio is currently 29.49%.
Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Amphenol from $93.00 to $95.00 and gave the company an “equal weight” rating in a research report on Thursday, July 26th. Stifel Nicolaus boosted their price objective on shares of Amphenol from $90.00 to $92.00 and gave the company a “hold” rating in a research report on Thursday, July 26th. Finally, Zacks Investment Research cut shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Thursday, May 24th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $97.43.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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, bus bars, and distribution systems; and other connectors.
Featured Article: Find a Trading Strategy That Works
Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Co. (NYSE:APH).
Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.