Blossom Wealth Management increased its stake in Amphenol Corporation (NYSE:APH – Free Report) by 5.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,917 shares of the electronics maker’s stock after buying an additional 195 shares during the quarter. Blossom Wealth Management’s holdings in Amphenol were worth $387,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LVW Advisors LLC grew its stake in shares of Amphenol by 15.1% in the second quarter. LVW Advisors LLC now owns 3,536 shares of the electronics maker’s stock worth $349,000 after acquiring an additional 464 shares during the last quarter. Independent Wealth Network Inc. bought a new position in Amphenol in the 2nd quarter worth about $266,000. Signaturefd LLC grew its position in Amphenol by 14.6% during the 2nd quarter. Signaturefd LLC now owns 40,518 shares of the electronics maker’s stock valued at $4,001,000 after purchasing an additional 5,174 shares during the last quarter. ORG Partners LLC increased its stake in Amphenol by 12.1% during the 2nd quarter. ORG Partners LLC now owns 8,316 shares of the electronics maker’s stock valued at $819,000 after purchasing an additional 900 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. bought a new stake in Amphenol during the 2nd quarter valued at about $217,000. Institutional investors own 97.01% of the company’s stock.
Amphenol Price Performance
NYSE APH opened at $122.60 on Friday. The company has a 50-day moving average price of $111.92 and a 200-day moving average price of $92.28. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $126.06. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $149.68 billion, a P/E ratio of 48.84, a PEG ratio of 1.96 and a beta of 1.15.
Amphenol Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol’s dividend payout ratio (DPR) is currently 26.29%.
Insider Buying and Selling
In other Amphenol news, insider William J. Doherty sold 113,000 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $108.89, for a total transaction of $12,304,570.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Silverman sold 100,000 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.42, for a total value of $11,042,000.00. Following the completion of the sale, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,380,250. The trade was a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 665,924 shares of company stock valued at $73,369,357 over the last three months. 1.67% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on APH shares. Truist Financial raised their price target on shares of Amphenol from $102.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. The Goldman Sachs Group reissued a “buy” rating on shares of Amphenol in a report on Friday, July 11th. UBS Group upped their price target on Amphenol from $115.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Evercore ISI increased their price objective on Amphenol from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Finally, Bank of America boosted their target price on Amphenol from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $107.15.
View Our Latest Research Report on APH
About Amphenol
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.
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