Parkside Financial Bank & Trust increased its stake in Amphenol Corporation (NYSE:APH – Free Report) by 31.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,961 shares of the electronics maker’s stock after buying an additional 951 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Amphenol were worth $391,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of APH. Tranquility Partners LLC grew its position in Amphenol by 0.8% in the second quarter. Tranquility Partners LLC now owns 13,386 shares of the electronics maker’s stock valued at $1,322,000 after acquiring an additional 107 shares in the last quarter. EWA LLC boosted its stake in shares of Amphenol by 2.3% in the second quarter. EWA LLC now owns 5,200 shares of the electronics maker’s stock valued at $514,000 after purchasing an additional 115 shares during the period. Coign Capital Advisors LLC boosted its stake in shares of Amphenol by 1.1% in the second quarter. Coign Capital Advisors LLC now owns 10,561 shares of the electronics maker’s stock valued at $1,043,000 after purchasing an additional 116 shares during the period. Mather Group LLC. increased its stake in Amphenol by 0.5% during the 2nd quarter. Mather Group LLC. now owns 22,896 shares of the electronics maker’s stock worth $2,261,000 after buying an additional 118 shares during the period. Finally, Independent Advisor Alliance increased its stake in Amphenol by 1.7% during the 1st quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker’s stock worth $471,000 after buying an additional 122 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.
Amphenol Stock Up 0.7%
APH stock opened at $139.01 on Monday. The firm has a market cap of $170.16 billion, a price-to-earnings ratio of 46.34, a PEG ratio of 1.58 and a beta of 1.20. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $142.50. The firm has a fifty day moving average price of $125.12 and a two-hundred day moving average price of $106.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52.
Amphenol Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. This is a boost from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, December 16th. Amphenol’s dividend payout ratio is currently 33.33%.
Insider Buying and Selling at Amphenol
In other Amphenol news, insider William J. Doherty sold 80,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total value of $11,283,200.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Lance E. D’amico sold 120,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total value of $16,801,200.00. Following the completion of the sale, the vice president owned 76,400 shares in the company, valued at $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,125,042 shares of company stock worth $142,789,956. Corporate insiders own 1.67% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on APH shares. Barclays initiated coverage on shares of Amphenol in a research report on Wednesday, October 8th. They issued an “equal weight” rating and a $120.00 price objective for the company. Robert W. Baird set a $139.00 price target on Amphenol and gave the company an “outperform” rating in a report on Friday, October 10th. Evercore ISI lifted their price objective on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Finally, UBS Group set a $152.00 price target on shares of Amphenol and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.77.
Check Out Our Latest Stock Analysis on Amphenol
Amphenol Profile
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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