AMF Tjanstepension AB bought a new position in shares of Amphenol Corporation (NYSE:APH – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 6,433 shares of the electronics maker’s stock, valued at approximately $869,000.
Several other institutional investors also recently bought and sold shares of APH. McKinley Carter Wealth Services Inc. lifted its position in shares of Amphenol by 13.4% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 45,752 shares of the electronics maker’s stock valued at $6,183,000 after acquiring an additional 5,402 shares in the last quarter. Csenge Advisory Group lifted its position in shares of Amphenol by 12.9% in the fourth quarter. Csenge Advisory Group now owns 2,439 shares of the electronics maker’s stock valued at $330,000 after acquiring an additional 278 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Amphenol by 0.4% in the fourth quarter. ProShare Advisors LLC now owns 344,529 shares of the electronics maker’s stock valued at $46,560,000 after acquiring an additional 1,243 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Amphenol by 6.8% in the fourth quarter. HighTower Advisors LLC now owns 273,532 shares of the electronics maker’s stock valued at $36,965,000 after acquiring an additional 17,387 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Amphenol by 1.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 149,369 shares of the electronics maker’s stock valued at $20,186,000 after acquiring an additional 1,910 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.
Amphenol Stock Down 2.6%
Shares of NYSE APH opened at $121.70 on Tuesday. The stock has a market cap of $149.71 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 1.09 and a beta of 1.29. The company has a quick ratio of 1.26, a current ratio of 1.71 and a debt-to-equity ratio of 1.18. Amphenol Corporation has a 52-week low of $83.44 and a 52-week high of $167.04. The business has a 50-day moving average price of $135.28 and a 200 day moving average price of $139.03.
Amphenol Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be issued a $0.25 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Amphenol’s dividend payout ratio (DPR) is presently 28.74%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on APH. Jefferies Financial Group upped their price target on Amphenol from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. BNP Paribas Exane upped their price target on Amphenol from $185.00 to $195.00 in a report on Friday, May 1st. Truist Financial increased their price objective on Amphenol from $182.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Zacks Research downgraded Amphenol from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Rothschild & Co Redburn increased their price objective on Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $176.53.
Read Our Latest Analysis on APH
Insiders Place Their Bets
In related news, CEO Richard Adam Norwitt sold 61,072 shares of Amphenol stock in a transaction 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 transaction, the chief executive officer owned 1,927,507 shares in the company, valued at approximately $277,368,257.30. This trade represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 130,775 shares of company stock valued at $18,709,350 in the last 90 days. 1.42% of the stock is currently 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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