Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Amphenol Corporation (NYSE:APH – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 101,944 shares of the electronics maker’s stock, valued at approximately $12,881,000.
Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Amphenol by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 126,553,498 shares of the electronics maker’s stock valued at $17,102,440,000 after buying an additional 1,322,682 shares during the period. J. Stern & Co. LLP increased its stake in shares of Amphenol by 9,435.8% in the fourth quarter. J. Stern & Co. LLP now owns 76,769,791 shares of the electronics maker’s stock worth $10,374,670,000 after acquiring an additional 75,964,718 shares during the last quarter. State Street Corp raised its holdings in shares of Amphenol by 1.6% during the fourth quarter. State Street Corp now owns 56,913,598 shares of the electronics maker’s stock worth $7,705,440,000 after acquiring an additional 888,526 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Amphenol by 102.7% during the fourth quarter. JPMorgan Chase & Co. now owns 34,325,148 shares of the electronics maker’s stock valued at $4,638,701,000 after purchasing an additional 17,387,536 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Amphenol by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 30,318,652 shares of the electronics maker’s stock valued at $4,087,372,000 after purchasing an additional 748,813 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Price Performance
Shares of Amphenol stock opened at $157.92 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. The firm has a fifty day simple moving average of $150.96 and a 200-day simple moving average of $144.32. The stock has a market capitalization of $194.28 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 1.29 and a beta of 1.24. Amphenol Corporation has a 1-year low of $95.19 and a 1-year high of $178.52.
Amphenol Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Amphenol’s dividend payout ratio (DPR) is 28.74%.
Insider Transactions at Amphenol
In other news, CEO Richard Adam Norwitt sold 61,072 shares of Amphenol stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 130,775 shares of company stock worth $18,709,350 in the last 90 days. Insiders own 1.42% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on APH. Bank of America increased their price objective on Amphenol from $180.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Zacks Research upgraded shares of Amphenol from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Wall Street Zen downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. TD Cowen restated a “hold” rating and set a $175.00 price target (up from $135.00) on shares of Amphenol in a research note on Monday, July 13th. Finally, Jefferies Financial Group lifted their price objective on shares of Amphenol from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Amphenol currently has an average rating of “Buy” and an average target price of $186.00.
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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