Tred Avon Family Wealth LLC raised its stake in shares of Amphenol Corporation (NYSE:APH – Free Report) by 108.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,973 shares of the electronics maker’s stock after buying an additional 5,195 shares during the period. Tred Avon Family Wealth LLC’s holdings in Amphenol were worth $1,348,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. DSG Capital Advisors LLC grew its stake in shares of Amphenol by 230.9% in the 3rd quarter. DSG Capital Advisors LLC now owns 10,688 shares of the electronics maker’s stock worth $1,323,000 after purchasing an additional 7,458 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Amphenol by 10.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 271,766 shares of the electronics maker’s stock worth $33,631,000 after purchasing an additional 26,175 shares during the last quarter. Regents Gate Capital LLP grew its stake in shares of Amphenol by 54.8% in the 3rd quarter. Regents Gate Capital LLP now owns 96,908 shares of the electronics maker’s stock worth $11,992,000 after purchasing an additional 34,289 shares during the last quarter. Estate Counselors LLC acquired a new position in shares of Amphenol in the 3rd quarter worth approximately $3,831,000. Finally, Convergence Investment Partners LLC grew its stake in shares of Amphenol by 59.9% in the 3rd quarter. Convergence Investment Partners LLC now owns 19,300 shares of the electronics maker’s stock worth $2,388,000 after purchasing an additional 7,230 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Stock Performance
Shares of APH opened at $150.91 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.98 and a quick ratio of 2.48. The stock has a market cap of $185.54 billion, a price-to-earnings ratio of 45.18, a PEG ratio of 1.58 and a beta of 1.25. The company has a 50-day moving average of $137.63 and a two-hundred day moving average of $137.53. Amphenol Corporation has a one year low of $62.55 and a one year high of $167.04.
Amphenol Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 23rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, March 23rd. Amphenol’s dividend payout ratio (DPR) is currently 29.94%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday. Evercore reaffirmed an “outperform” rating on shares of Amphenol in a research note on Tuesday, March 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, January 21st. Jefferies Financial Group assumed coverage on shares of Amphenol in a research note on Tuesday, March 31st. They issued a “buy” rating and a $145.00 price objective on the stock. Finally, Barclays reaffirmed an “overweight” rating and issued a $175.00 price objective (up from $156.00) on shares of Amphenol in a research note on Thursday, January 29th. Twelve analysts have rated the stock with a Buy rating and three have 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 $151.93.
Get Our Latest Research Report on APH
Insider Activity at Amphenol
In related news, CEO Richard Adam Norwitt sold 515,281 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the completion of the sale, the chief executive officer directly owned 1,927,507 shares in the company, valued at approximately $283,863,955.89. This trade represents a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.67% of the company’s stock.
Amphenol 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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