United Asset Strategies Inc. bought a new stake in shares of Amphenol Corporation (NYSE:APH – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 4,530 shares of the electronics maker’s stock, valued at approximately $572,000.
Several other hedge funds and other institutional investors have also made changes to their positions in APH. Generali Asset Management SPA SGR grew its position in shares of Amphenol by 20.2% in the 4th quarter. Generali Asset Management SPA SGR now owns 87,072 shares of the electronics maker’s stock valued at $11,767,000 after purchasing an additional 14,612 shares during the period. Praxis Investment Management Inc. raised its holdings in Amphenol by 86.3% during the 4th quarter. Praxis Investment Management Inc. now owns 26,986 shares of the electronics maker’s stock worth $3,647,000 after buying an additional 12,502 shares during the period. Principal Financial Group Inc. lifted its stake in Amphenol by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,750,490 shares of the electronics maker’s stock valued at $371,704,000 after buying an additional 70,938 shares in the last quarter. CGN Advisors LLC bought a new position in Amphenol in the fourth quarter valued at approximately $1,592,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Amphenol by 110.5% in the fourth quarter. Global Retirement Partners LLC now owns 18,689 shares of the electronics maker’s stock valued at $2,526,000 after buying an additional 9,812 shares during the period. 97.01% of the stock is currently owned by institutional investors.
Amphenol Price Performance
Shares of NYSE APH opened at $158.61 on Wednesday. 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 business’s 50 day moving average price is $147.22 and its two-hundred day moving average price is $142.88. The company has a market cap of $195.13 billion, a PE ratio of 45.58, a price-to-earnings-growth ratio of 1.46 and a beta of 1.24. Amphenol Corporation has a twelve month low of $95.19 and a twelve month high of $178.52.
Amphenol Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Amphenol’s dividend payout ratio is currently 28.74%.
Analyst Ratings Changes
APH has been the subject of a number of research analyst reports. BNP Paribas Exane upped their target price on shares of Amphenol from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. UBS Group reaffirmed a “buy” rating and set a $178.00 price objective (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. Piper Sandler set a $165.00 price objective on Amphenol in a report on Tuesday, March 17th. Evercore reissued an “outperform” rating on shares of Amphenol in a research report on Wednesday, May 27th. Finally, Barclays restated an “overweight” rating and issued a $198.00 target price on shares of Amphenol in a research note on Monday, June 8th. Fourteen equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $178.07.
Check Out Our Latest Stock Report on Amphenol
Insider Buying and Selling
In other news, CEO Richard Adam Norwitt sold 61,072 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $143.90, for a total transaction of $8,788,260.80. Following the sale, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at approximately $277,368,257.30. This represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 130,775 shares of company stock worth $18,709,350. 1.42% of the stock is owned by company insiders.
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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