Relyea Zuckerberg Hanson LLC boosted its stake in Amphenol Corporation (NYSE:APH – Free Report) by 11.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,690 shares of the electronics maker’s stock after buying an additional 381 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Amphenol were worth $364,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Hughes Financial Services LLC purchased a new stake in shares of Amphenol in the first quarter valued at about $25,000. Opal Wealth Advisors LLC purchased a new stake in Amphenol in the 2nd quarter valued at about $25,000. Avalon Trust Co boosted its stake in shares of Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock worth $27,000 after buying an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Amphenol in the first quarter valued at approximately $28,000. Finally, Saudi Central Bank purchased a new stake in shares of Amphenol during the first quarter valued at approximately $31,000. Institutional investors own 97.01% of the company’s stock.
Amphenol Price Performance
APH opened at $123.48 on Tuesday. The firm has a 50-day moving average price of $114.25 and a 200-day moving average price of $94.92. Amphenol Corporation has a twelve month low of $56.45 and a twelve month 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 company has a market capitalization of $150.76 billion, a price-to-earnings ratio of 49.20, a PEG ratio of 1.96 and a beta of 1.17.
Amphenol Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be given a $0.165 dividend. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. Amphenol’s payout ratio is 26.29%.
Insider Buying and Selling
In other news, insider William J. Doherty sold 113,000 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $110.29, for a total value of $12,462,770.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP David M. Silverman sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the completion of the transaction, the vice president owned 12,500 shares of the company’s stock, valued at $1,380,250. This trade represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 665,924 shares of company stock valued at $73,369,357. 1.67% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several research analysts have weighed in on APH shares. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Saturday, September 27th. Citigroup reissued a “buy” rating and issued a $145.00 price target (up from $125.00) on shares of Amphenol in a report on Wednesday, September 24th. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. UBS Group reiterated a “buy” rating and issued a $145.00 target price (up from $120.00) on shares of Amphenol in a research note on Monday. Finally, Truist Financial raised their price target on shares of Amphenol from $102.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $111.92.
Check Out Our Latest Analysis on APH
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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