Incline Global Management LLC bought a new position in Amphenol Corporation (NYSE:APH – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 47,445 shares of the electronics maker’s stock, valued at approximately $6,412,000. Amphenol comprises 2.2% of Incline Global Management LLC’s investment portfolio, making the stock its 24th largest holding.
Several other hedge funds and other institutional investors have also recently bought and sold shares of APH. Riggs Asset Managment Co. Inc. grew its stake in Amphenol by 200.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 168 shares during the period. Tucker Asset Management LLC purchased a new stake in Amphenol in the 4th quarter worth approximately $26,000. Board of the Pension Protection Fund purchased a new stake in Amphenol in the 4th quarter worth approximately $27,000. Lloyd Advisory Services LLC. purchased a new stake in Amphenol in the 4th quarter worth approximately $29,000. Finally, Tacita Capital Inc grew its stake in Amphenol by 145.6% in the 4th quarter. Tacita Capital Inc now owns 221 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 131 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.
Amphenol Stock Up 1.2%
Shares of APH opened at $160.75 on Thursday. The firm has a market cap of $197.76 billion, a PE ratio of 46.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.27. The company’s fifty day moving average is $141.62 and its two-hundred day moving average is $140.03. Amphenol Corporation has a fifty-two week low of $92.54 and a fifty-two week high of $167.04. 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 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 dividend yield of 0.6%. The ex-dividend date is Tuesday, June 23rd. Amphenol’s dividend payout ratio (DPR) is 28.74%.
Analyst Upgrades and Downgrades
Several research firms have commented on APH. Robert W. Baird set a $177.00 target price on shares of Amphenol in a research note on Thursday, April 30th. Citigroup reaffirmed a “buy” rating and issued a $180.00 target price (up from $170.00) on shares of Amphenol in a research note on Thursday, April 30th. Evercore reaffirmed an “outperform” rating on shares of Amphenol in a research note on Wednesday, May 27th. Piper Sandler set a $165.00 price target on shares of Amphenol in a report on Tuesday, March 17th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.07.
Check Out Our Latest Stock Analysis on APH
Insider Buying and Selling at Amphenol
In related news, CEO Richard Adam Norwitt sold 61,072 shares of Amphenol stock in a transaction on Friday, May 1st. The shares were sold at an average price of $143.90, for a total transaction of $8,788,260.80. Following the transaction, the chief executive officer owned 1,927,507 shares in the company, 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 can be accessed through this link. In the last quarter, insiders have sold 130,775 shares of company stock valued at $18,709,350. 1.42% of the stock is owned by company insiders.
About Amphenol
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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