TrinityPoint Wealth LLC trimmed its position in shares of Amphenol Co. (NYSE:APH) by 15.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,348 shares of the electronics maker’s stock after selling 613 shares during the period. TrinityPoint Wealth LLC’s holdings in Amphenol were worth $229,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. OLD Mission Capital LLC bought a new position in shares of Amphenol in the 3rd quarter worth about $5,654,000. Rockefeller Capital Management L.P. raised its stake in Amphenol by 114.4% during the first quarter. Rockefeller Capital Management L.P. now owns 9,437 shares of the electronics maker’s stock valued at $621,000 after purchasing an additional 5,035 shares in the last quarter. E Fund Management Co. Ltd. bought a new position in shares of Amphenol in the 1st quarter valued at about $524,000. Panagora Asset Management Inc. lifted its stake in Amphenol by 50.1% in the first quarter. Panagora Asset Management Inc. now owns 36,968 shares of the electronics maker’s stock worth $2,439,000 after purchasing an additional 12,340 shares during the last quarter. Finally, Quilter Plc increased its position in shares of Amphenol by 72.8% during the first quarter. Quilter Plc now owns 3,168 shares of the electronics maker’s stock worth $209,000 after acquiring an additional 1,335 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.
APH opened at $74.43 on Thursday. The company has a current ratio of 2.17, a quick ratio of 1.58 and a debt-to-equity ratio of 0.82. Amphenol Co. has a 12 month low of $55.33 and a 12 month high of $77.69. The firm’s fifty day simple moving average is $75.20 and its 200 day simple moving average is $70.65. The stock has a market capitalization of $44.52 billion, a P/E ratio of 33.01, a P/E/G ratio of 2.51 and a beta of 1.25.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 13th. Investors of record on Tuesday, September 21st were paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Monday, September 20th. Amphenol’s dividend payout ratio (DPR) is currently 31.02%.
Several equities research analysts have recently commented on the stock. Jefferies Financial Group lifted their price objective on shares of Amphenol from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, September 22nd. The Goldman Sachs Group raised their price objective on Amphenol from $75.00 to $80.00 and gave the company a “buy” rating in a report on Sunday, September 26th. Cowen lifted their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 3rd. Royal Bank of Canada lifted their price objective on Amphenol from $73.00 to $76.00 and gave the company a “sector perform” rating in a research note on Thursday, July 29th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Amphenol in a research report on Sunday, August 1st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $75.50.
In related news, SVP Jean-Luc Gavelle sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, September 2nd. The stock was sold at an average price of $76.58, for a total transaction of $4,594,800.00. Following the completion of the transaction, the senior vice president now owns 60,000 shares in the company, valued at $4,594,800. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David M. Silverman sold 32,922 shares of the company’s stock in a transaction that occurred on Friday, August 13th. The stock was sold at an average price of $74.00, for a total transaction of $2,436,228.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 462,900 shares of company stock valued at $34,706,495. 2.50% of the stock is currently owned by corporate insiders.
Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors interconnect systems, antennas, sensors and sensor-based products, and coaxial and high-speed specialty cable. It operates through the Interconnect Products and Assemblies; and Cables Products and Solutions segments.
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