Natixis Advisors LLC lowered its position in Amphenol Corporation (NYSE:APH – Free Report) by 10.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,015,251 shares of the electronics maker’s stock after selling 354,595 shares during the quarter. Amphenol makes up approximately 0.6% of Natixis Advisors LLC’s holdings, making the stock its 22nd largest holding. Natixis Advisors LLC’s holdings in Amphenol were worth $407,481,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in APH. Riggs Asset Managment Co. Inc. lifted its position in shares of Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after buying an additional 168 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in shares of Amphenol in the fourth quarter worth about $26,000. Board of the Pension Protection Fund acquired a new stake in shares of Amphenol in the fourth quarter worth about $27,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Amphenol in the fourth quarter worth about $29,000. Finally, Towne Trust Company N.A acquired a new stake in shares of Amphenol in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Trading Down 1.5%
Amphenol stock opened at $146.50 on Tuesday. The business has a 50 day moving average price of $135.66 and a two-hundred day moving average price of $138.71. 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 stock has a market cap of $180.22 billion, a price-to-earnings ratio of 42.10, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29. Amphenol Corporation has a 12 month low of $88.77 and a 12 month high of $167.04.
Amphenol Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a yield of 0.7%. Amphenol’s dividend payout ratio is 28.74%.
Analysts Set New Price Targets
APH has been the subject of a number of analyst reports. Citigroup reaffirmed a “buy” rating and issued a $180.00 price target (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. The Goldman Sachs Group boosted their price target on Amphenol from $184.00 to $201.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Piper Sandler set a $165.00 price target on Amphenol in a research report on Tuesday, March 17th. Rothschild & Co Redburn boosted their price target on Amphenol from $160.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, UBS Group reaffirmed a “buy” rating and issued a $178.00 price target (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $176.87.
Check Out Our Latest Analysis on Amphenol
Insider Buying and Selling
In other Amphenol news, CEO Richard Adam Norwitt sold 61,072 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $143.90, for a total value of $8,788,260.80. Following the completion of the transaction, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at $277,368,257.30. This represents a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 130,775 shares of company stock valued at $18,709,350. Corporate insiders own 1.42% 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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