Merit Financial Group LLC grew its holdings in Amphenol Corporation (NYSE:APH – Free Report) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,457 shares of the electronics maker’s stock after purchasing an additional 5,932 shares during the quarter. Merit Financial Group LLC’s holdings in Amphenol were worth $7,765,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of APH. Whittier Trust Co. of Nevada Inc. grew its position in shares of Amphenol by 59.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 180,235 shares of the electronics maker’s stock worth $25,482,000 after buying an additional 66,870 shares during the period. AE Wealth Management LLC increased its stake in shares of Amphenol by 1,028.1% in the 4th quarter. AE Wealth Management LLC now owns 152,839 shares of the electronics maker’s stock valued at $20,655,000 after acquiring an additional 139,291 shares during the last quarter. Whittier Trust Co. boosted its stake in Amphenol by 60.8% during the 4th quarter. Whittier Trust Co. now owns 451,494 shares of the electronics maker’s stock worth $63,832,000 after acquiring an additional 170,668 shares during the last quarter. Independent Wealth Network Inc. boosted its stake in Amphenol by 13.7% during the 4th quarter. Independent Wealth Network Inc. now owns 2,792 shares of the electronics maker’s stock worth $377,000 after acquiring an additional 336 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in Amphenol by 69.2% during the fourth quarter. Private Trust Co. NA now owns 5,664 shares of the electronics maker’s stock valued at $765,000 after purchasing an additional 2,316 shares during the period. Institutional investors own 97.01% of the company’s stock.
Amphenol Stock Performance
Shares of APH opened at $150.91 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.48 and a current ratio of 2.98. Amphenol Corporation has a twelve month low of $62.55 and a twelve month high of $167.04. The firm’s 50 day moving average price is $137.63 and its two-hundred day moving average price is $137.44. The firm has a market cap of $185.54 billion, a P/E ratio of 45.18, a PEG ratio of 1.56 and a beta of 1.25.
Amphenol Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s payout ratio is presently 29.94%.
Insiders Place Their Bets
In other Amphenol news, CEO Richard Adam Norwitt sold 515,281 shares of Amphenol stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $147.27, for a total value of $75,885,432.87. Following the transaction, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at approximately $283,863,955.89. The trade was a 21.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.67% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on APH. Evercore restated an “outperform” rating on shares of Amphenol in a report on Tuesday, March 17th. Piper Sandler set a $165.00 price objective on shares of Amphenol in a report on Tuesday, March 17th. Barclays restated an “overweight” rating and set a $175.00 price objective (up from $156.00) on shares of Amphenol in a report on Thursday, January 29th. Fox Advisors restated an “outperform” rating on shares of Amphenol in a report on Friday, January 9th. Finally, Wall Street Zen upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Twelve investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $151.93.
Get Our Latest Stock Report on Amphenol
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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