Benson Investment Management Company Inc. lessened its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 25.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 50,099 shares of the electronics maker’s stock after selling 16,942 shares during the period. Benson Investment Management Company Inc.’s holdings in Amphenol were worth $4,947,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new stake in Amphenol during the 1st quarter worth $25,000. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol during the 2nd quarter valued at about $25,000. Avalon Trust Co boosted its position in shares of Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Amphenol during the 1st quarter valued at about $28,000. Finally, Saudi Central Bank acquired a new position in shares of Amphenol during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Stock Down 3.7%
Shares of APH opened at $121.64 on Friday. The firm has a market cap of $148.51 billion, a P/E ratio of 48.46, a price-to-earnings-growth ratio of 2.03 and a beta of 1.17. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $127.50. The company’s 50-day moving average price is $115.78 and its 200 day moving average price is $96.09. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61.
Amphenol Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. Amphenol’s dividend payout ratio is 26.29%.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Bank of America boosted their price target on shares of Amphenol from $110.00 to $120.00 and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Barclays assumed coverage on shares of Amphenol in a research report on Wednesday. They set an “equal weight” rating and a $120.00 price target on the stock. Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.43.
Read Our Latest Report on Amphenol
Insider Buying and Selling at Amphenol
In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the sale, the vice president directly owned 76,400 shares in the company, valued at $8,449,840. This represents a 56.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David M. Silverman sold 100,000 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the sale, the vice president owned 12,500 shares in the company, valued at $1,380,250. This trade represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 665,924 shares of company stock valued at $73,369,357 over the last three months. 1.67% of the stock is currently owned by company insiders.
Amphenol Profile
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.
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