Intech Investment Management LLC lowered its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 13.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 72,593 shares of the electronics maker’s stock after selling 11,434 shares during the period. Intech Investment Management LLC’s holdings in Amphenol were worth $9,810,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Tucker Asset Management LLC bought a new position in shares of Amphenol during the fourth quarter valued at $26,000. Board of the Pension Protection Fund bought a new position in shares of Amphenol during the fourth quarter valued at $27,000. Lloyd Advisory Services LLC. bought a new position in shares of Amphenol during the fourth quarter valued at $29,000. Towne Trust Company N.A bought a new position in shares of Amphenol during the fourth quarter valued at $34,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Amphenol during the fourth quarter valued at $34,000. Institutional investors own 97.01% of the company’s stock.
Amphenol Trading Up 0.5%
APH opened at $148.41 on Friday. Amphenol Corporation has a twelve month low of $87.95 and a twelve month high of $167.04. The company has a quick ratio of 1.26, a current ratio of 1.71 and a debt-to-equity ratio of 1.18. The company has a fifty day moving average of $135.34 and a 200-day moving average of $138.73. The stock has a market cap of $182.58 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29.
Amphenol Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol’s dividend payout ratio is 28.74%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on APH shares. Wall Street Zen downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Seaport Research Partners reaffirmed a “buy” rating and set a $215.00 price target on shares of Amphenol in a research note on Thursday, April 30th. UBS Group reaffirmed a “buy” rating and set a $178.00 price target (up from $170.00) on shares of Amphenol in a research note on Thursday, April 30th. BNP Paribas Exane increased their price objective on shares of Amphenol from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Jefferies Financial Group increased their price objective on shares of Amphenol from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $176.87.
View Our Latest Analysis on APH
Insider Buying and Selling
In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the firm’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total value of $2,506,175.00. Following the completion of the sale, the chief executive officer directly owned 1,927,507 shares in the company, valued at approximately $276,038,277.47. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 130,775 shares of company stock valued at $18,709,350 in the last ninety days. Company insiders own 1.42% of the company’s stock.
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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