Teachers Retirement System of The State of Kentucky lifted its position in Amphenol Corporation (NYSE:APH – Free Report) by 85.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,711 shares of the electronics maker’s stock after acquiring an additional 81,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Amphenol were worth $22,201,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Generali Asset Management SPA SGR lifted its stake in Amphenol by 20.2% in the fourth quarter. Generali Asset Management SPA SGR now owns 87,072 shares of the electronics maker’s stock valued at $11,767,000 after buying an additional 14,612 shares in the last quarter. Praxis Investment Management Inc. lifted its holdings in shares of Amphenol by 86.3% in the fourth quarter. Praxis Investment Management Inc. now owns 26,986 shares of the electronics maker’s stock valued at $3,647,000 after purchasing an additional 12,502 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Amphenol by 2.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,750,490 shares of the electronics maker’s stock worth $371,704,000 after buying an additional 70,938 shares during the period. CGN Advisors LLC bought a new position in shares of Amphenol during the fourth quarter worth about $1,592,000. Finally, Global Retirement Partners LLC raised its position in Amphenol by 110.5% in the 4th quarter. Global Retirement Partners LLC now owns 18,689 shares of the electronics maker’s stock valued at $2,526,000 after buying an additional 9,812 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.
Amphenol Stock Up 0.0%
APH stock opened at $159.11 on Monday. The business’s 50 day simple moving average is $148.01 and its 200 day simple moving average is $143.44. Amphenol Corporation has a 1-year low of $95.19 and a 1-year high of $178.52. The firm has a market capitalization of $195.74 billion, a PE ratio of 45.72, a PEG ratio of 1.39 and a beta of 1.24. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18.
Amphenol Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Amphenol’s dividend payout ratio is presently 28.74%.
Insider Buying and Selling at Amphenol
In other Amphenol news, CEO Richard Adam Norwitt sold 61,072 shares of the company’s stock in a transaction 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 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 this hyperlink. Insiders sold a total of 130,775 shares of company stock worth $18,709,350 in the last 90 days. 1.42% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on APH shares. Bank of America raised their price target on shares of Amphenol from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday. Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research note on Monday, April 20th. BNP Paribas Exane increased their price objective on shares of Amphenol from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Piper Sandler set a $165.00 target price on Amphenol in a research report on Tuesday, March 17th. Finally, 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. Fourteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.57.
Get Our Latest Stock Report on APH
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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