Verition Fund Management LLC grew its position in Amphenol Corporation (NYSE:APH – Free Report) by 64.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,672 shares of the electronics maker’s stock after acquiring an additional 54,487 shares during the period. Verition Fund Management LLC’s holdings in Amphenol were worth $18,875,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Palisade Asset Management LLC boosted its holdings in shares of Amphenol by 0.5% in the fourth quarter. Palisade Asset Management LLC now owns 38,504 shares of the electronics maker’s stock valued at $5,203,000 after acquiring an additional 197 shares in the last quarter. Progressive Investment Management Corp boosted its holdings in shares of Amphenol by 24.5% in the fourth quarter. Progressive Investment Management Corp now owns 87,756 shares of the electronics maker’s stock valued at $11,859,000 after acquiring an additional 17,242 shares in the last quarter. Resources Management Corp CT ADV boosted its holdings in shares of Amphenol by 3,956.1% in the fourth quarter. Resources Management Corp CT ADV now owns 315,768 shares of the electronics maker’s stock valued at $42,673,000 after acquiring an additional 307,983 shares in the last quarter. Sands Capital Management LLC boosted its holdings in shares of Amphenol by 10.5% in the fourth quarter. Sands Capital Management LLC now owns 879,004 shares of the electronics maker’s stock valued at $118,789,000 after acquiring an additional 83,770 shares in the last quarter. Finally, Sargent Investment Group LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at about $514,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Amphenol Stock Up 3.3%
Shares of NYSE APH opened at $158.94 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.71 and a debt-to-equity ratio of 1.18. Amphenol Corporation has a 52 week low of $92.22 and a 52 week high of $167.04. The firm has a 50-day moving average price of $140.32 and a 200 day moving average price of $139.73. The stock has a market capitalization of $195.54 billion, a price-to-earnings ratio of 45.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.
Amphenol Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be paid a $0.25 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Amphenol’s dividend payout ratio (DPR) is 28.74%.
Analyst Ratings Changes
Several analysts have recently weighed in on APH shares. Piper Sandler set a $165.00 target price on shares of Amphenol in a report on Tuesday, March 17th. Robert W. Baird set a $177.00 target price on shares of Amphenol in a report on Thursday, April 30th. Rothschild & Co Redburn lifted their target price on shares of Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Zacks Research downgraded shares of Amphenol from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Seaport Research Partners reaffirmed a “buy” rating and issued a $215.00 target price on shares of Amphenol in a report on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.07.
Read Our Latest Research Report on APH
Insider Activity at Amphenol
In related news, CEO Richard Adam Norwitt sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total value of $2,506,175.00. Following the completion of the sale, the chief executive officer owned 1,927,507 shares in the company, valued at $276,038,277.47. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 130,775 shares of company stock valued at $18,709,350 in the last ninety days. 1.42% of the stock is owned by company insiders.
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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