Hennessy Advisors Inc. bought a new position in shares of Amphenol Corp. (NYSE:APH) during the third quarter, Holdings Channel reports. The fund bought 280,200 shares of the company’s stock, valued at approximately $18,191,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APH. Arizona State Retirement System boosted its position in Amphenol Corp. by 2.1% in the first quarter. Arizona State Retirement System now owns 83,524 shares of the company’s stock worth $4,829,000 after buying an additional 1,700 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Amphenol Corp. by 1.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,001 shares of the company’s stock worth $580,000 after buying an additional 158 shares in the last quarter. BlueMountain Capital Management LLC acquired a new position in Amphenol Corp. during the first quarter worth approximately $139,000. DNB Asset Management AS boosted its position in Amphenol Corp. by 2.1% in the second quarter. DNB Asset Management AS now owns 24,138 shares of the company’s stock worth $1,384,000 after buying an additional 500 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its position in Amphenol Corp. by 6.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 79,707 shares of the company’s stock worth $4,570,000 after buying an additional 4,707 shares in the last quarter. 96.32% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Amphenol Corp. (NYSE:APH)

Amphenol Corp. (NYSE:APH) traded up 0.075% during mid-day trading on Wednesday, reaching $68.481. The company’s stock had a trading volume of 293,277 shares. The company’s 50-day moving average price is $66.00 and its 200 day moving average price is $61.51. Amphenol Corp. has a 52 week low of $44.50 and a 52 week high of $69.19. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of 27.502 and a beta of 0.98.

Amphenol Corp. (NYSE:APH) last posted its earnings results on Wednesday, October 19th. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. Amphenol Corp. had a net margin of 12.98% and a return on equity of 23.48%. The firm earned $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts forecast that Amphenol Corp. will post $2.70 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Tuesday, December 13th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.94%. This is an increase from Amphenol Corp.’s previous quarterly dividend of $0.14. Amphenol Corp.’s dividend payout ratio (DPR) is 22.49%.

WARNING: This piece was first published by Financial Market News and is the sole property of of Financial Market News. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece can be accessed at http://www.financial-market-news.com/hennessy-advisors-inc-acquires-new-position-in-amphenol-corp-aph/1210711/.

APH has been the topic of a number of analyst reports. RBC Capital Markets upped their target price on Amphenol Corp. from $63.00 to $65.00 and gave the company a “top pick” rating in a research note on Friday, August 26th. Goldman Sachs Group Inc. raised Amphenol Corp. from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $60.00 to $70.00 in a research note on Tuesday, September 20th. Zacks Investment Research cut Amphenol Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, September 20th. Finally, Royal Bank Of Canada increased their price objective on Amphenol Corp. from $68.00 to $69.00 and gave the stock a “top pick” rating in a research note on Thursday, October 20th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Amphenol Corp. currently has a consensus rating of “Buy” and a consensus target price of $69.56.

In related news, VP Michael R. Ivas sold 17,500 shares of Amphenol Corp. stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $66.01, for a total value of $1,155,175.00. Following the completion of the sale, the vice president now owns 25,000 shares in the company, valued at approximately $1,650,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 295,000 shares of Amphenol Corp. stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $66.11, for a total transaction of $19,502,450.00. Following the completion of the sale, the chief executive officer now owns 304,992 shares of the company’s stock, valued at approximately $20,163,021.12. The disclosure for this sale can be found here. 2.92% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NYSE:APH

Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corp. (NYSE:APH).

Receive News & Ratings for Amphenol Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol Corp. and related companies with MarketBeat.com's FREE daily email newsletter.