Global Retirement Partners LLC raised its holdings in Amphenol Corporation (NYSE:APH – Free Report) by 110.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,689 shares of the electronics maker’s stock after buying an additional 9,812 shares during the quarter. Global Retirement Partners LLC’s holdings in Amphenol were worth $2,526,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. Riggs Asset Managment Co. Inc. grew its holdings in Amphenol by 200.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after buying an additional 168 shares during the period. Tucker Asset Management LLC purchased a new stake in Amphenol in the 4th quarter valued at about $26,000. Board of the Pension Protection Fund purchased a new stake in Amphenol in the 4th quarter valued at about $27,000. Towne Trust Company N.A purchased a new stake in Amphenol in the 4th quarter valued at about $34,000. Finally, Laurel Wealth Advisors LLC acquired a new position in shares of Amphenol in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Amphenol Stock Performance
Amphenol stock opened at $132.31 on Friday. The stock’s 50 day moving average price is $134.48 and its 200 day moving average price is $138.63. The firm has a market capitalization of $162.77 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 1.09 and a beta of 1.29. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71. Amphenol Corporation has a one year low of $83.44 and a one year high of $167.04.
Amphenol Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a yield of 0.8%. Amphenol’s payout ratio is 28.74%.
Insider Buying and Selling
In related news, CEO Richard Adam Norwitt sold 61,072 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $143.90, for a total transaction of $8,788,260.80. Following the transaction, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at approximately $277,368,257.30. The trade was a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 130,775 shares of company stock worth $18,709,350. Insiders own 1.42% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Jefferies Financial Group lifted their price objective on Amphenol from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. UBS Group reaffirmed a “buy” rating and issued a $178.00 price objective (up from $170.00) on shares of Amphenol in a research note on Thursday, April 30th. Barclays reaffirmed an “overweight” rating and issued a $180.00 price objective (up from $175.00) on shares of Amphenol in a research note on Monday, May 4th. Seaport Research Partners reaffirmed a “buy” rating and issued a $215.00 price objective on shares of Amphenol in a research note on Thursday, April 30th. Finally, Robert W. Baird set a $177.00 price objective on Amphenol in a research note on Thursday, April 30th. Thirteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $176.53.
Check Out Our Latest Research Report on Amphenol
Amphenol Company Profile
Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.
Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.
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