Strs Ohio increased its stake in shares of Amphenol Corporation (NYSE:APH – Free Report) by 3.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 569,607 shares of the electronics maker’s stock after buying an additional 17,261 shares during the quarter. Strs Ohio’s holdings in Amphenol were worth $76,977,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of APH. Brighton Jones LLC lifted its position in shares of Amphenol by 114.0% during the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock worth $1,224,000 after buying an additional 9,390 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock worth $701,000 after buying an additional 4,721 shares during the period. Bison Wealth LLC lifted its position in shares of Amphenol by 8.3% during the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock worth $559,000 after buying an additional 618 shares during the period. NewEdge Advisors LLC lifted its position in shares of Amphenol by 55.4% during the 2nd quarter. NewEdge Advisors LLC now owns 62,946 shares of the electronics maker’s stock worth $6,216,000 after buying an additional 22,434 shares during the period. Finally, Main Street Financial Solutions LLC increased its holdings in Amphenol by 15.5% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,745 shares of the electronics maker’s stock valued at $469,000 after purchasing an additional 638 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.
Amphenol Trading Down 3.3%
APH stock opened at $142.41 on Friday. The company has a market cap of $175.08 billion, a P/E ratio of 40.92, a PEG ratio of 1.51 and a beta of 1.25. Amphenol Corporation has a twelve month low of $78.76 and a twelve month high of $167.04. The company has a quick ratio of 2.48, a current ratio of 1.71 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average of $138.09 and a 200-day moving average of $138.90.
Amphenol Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Monday, March 23rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Amphenol’s payout ratio is presently 28.74%.
Insider Buying and Selling at Amphenol
In other news, CEO Richard Adam Norwitt sold 515,281 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was 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 owned 1,927,507 shares in the company, valued at $283,863,955.89. The trade was a 21.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.42% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on APH shares. Jefferies Financial Group started coverage on Amphenol in a research report on Tuesday, March 31st. They issued a “buy” rating and a $145.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Amphenol from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday. Robert W. Baird set a $177.00 price objective on Amphenol in a research report on Thursday. Piper Sandler set a $165.00 price objective on Amphenol in a research report on Tuesday, March 17th. Finally, US Capital Advisors set a $165.00 price objective on Amphenol in a research report on Friday, January 9th. Twelve investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $169.08.
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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