Triglav Investments D.O.O. decreased its holdings in Amphenol Corporation (NYSE:APH – Free Report) by 80.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,459 shares of the electronics maker’s stock after selling 65,841 shares during the quarter. Triglav Investments D.O.O.’s holdings in Amphenol were worth $2,224,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 during the fourth quarter valued at about $27,000. Lloyd Advisory Services LLC. purchased a new stake in Amphenol during the fourth quarter valued at about $29,000. Towne Trust Company N.A purchased a new stake in Amphenol during the fourth quarter valued at about $34,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in Amphenol during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Amphenol Trading Up 0.5%
NYSE:APH opened at $148.41 on Friday. 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 $87.95 and a one year high of $167.04. The business’s 50-day simple moving average is $135.34 and its 200 day simple moving average is $138.73. The stock has a market cap of $182.58 billion, a price-to-earnings ratio of 42.65, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29.
Amphenol Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 23rd. Amphenol’s dividend payout ratio is 28.74%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded Amphenol from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Barclays reissued an “overweight” rating and set a $180.00 price target (up from $175.00) on shares of Amphenol in a research report on Monday, May 4th. BNP Paribas Exane boosted their price target on Amphenol from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday. Citigroup reissued a “buy” rating and set a $180.00 price target (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. Finally, Piper Sandler set a $165.00 price objective on Amphenol in a research note on Tuesday, March 17th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.87.
Get Our Latest Stock Report on APH
Insider Transactions at Amphenol
In related news, CEO Richard Adam Norwitt sold 61,072 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $143.90, for a total value of $8,788,260.80. Following the completion of the transaction, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at $277,368,257.30. This represents a 3.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders sold 130,775 shares of company stock valued at $18,709,350. Corporate insiders own 1.42% of the company’s stock.
Amphenol 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.
Featured Articles
- Five stocks we like better than Amphenol
- MarketBeat Week in Review – 05/25 – 05/29
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corporation (NYSE:APH – Free Report).
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.
