Florida Financial Advisors LLC increased its holdings in Amphenol Corporation (NYSE:APH – Free Report) by 529.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,222 shares of the electronics maker’s stock after purchasing an additional 17,852 shares during the period. Florida Financial Advisors LLC’s holdings in Amphenol were worth $2,682,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in APH. Vermillion & White Wealth Management Group LLC lifted its stake in Amphenol by 163.8% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 182 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 113 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its stake in shares of Amphenol by 200.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after buying an additional 168 shares during the last quarter. Tucker Asset Management LLC bought a new position in shares of Amphenol during the fourth quarter valued at about $26,000. HHM Wealth Advisors LLC purchased a new position in shares of Amphenol in the first quarter worth about $27,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Amphenol in the 4th quarter valued at about $29,000. Institutional investors own 97.01% of the company’s stock.
Amphenol Price Performance
APH stock opened at $150.50 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26. Amphenol Corporation has a 1 year low of $95.19 and a 1 year high of $178.52. The firm has a 50-day moving average of $150.36 and a 200 day moving average of $144.16. The company has a market cap of $185.15 billion, a P/E ratio of 43.25, a PEG ratio of 1.29 and a beta of 1.24.
Amphenol Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 23rd. Amphenol’s dividend payout ratio is presently 28.74%.
Wall Street Analyst Weigh In
APH has been the subject of several analyst reports. Robert W. Baird set a $177.00 target price on Amphenol in a report on Thursday, April 30th. Wall Street Zen downgraded Amphenol from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial increased their price objective on Amphenol from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Bank of America raised their target price on shares of Amphenol from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Rothschild & Co Redburn lifted their target price on shares of Amphenol from $160.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $186.00.
Check Out Our Latest Stock Report on Amphenol
Insider Transactions at Amphenol
In other Amphenol news, CEO Richard Adam Norwitt sold 61,072 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $143.90, for a total transaction of $8,788,260.80. Following the completion of the transaction, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at approximately $277,368,257.30. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders 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 currently owned by corporate 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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