Faithward Advisors LLC lessened its stake in Amphenol Corporation (NYSE:APH – Free Report) by 22.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,738 shares of the electronics maker’s stock after selling 4,512 shares during the period. Faithward Advisors LLC’s holdings in Amphenol were worth $2,127,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Tucker Asset Management LLC bought a new stake in shares of Amphenol in the 4th quarter valued at about $26,000. Board of the Pension Protection Fund bought a new stake in shares of Amphenol in the 4th quarter valued at about $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of Amphenol in the 4th quarter valued at about $29,000. Tacita Capital Inc increased its holdings in Amphenol by 145.6% during the 4th quarter. Tacita Capital Inc now owns 221 shares of the electronics maker’s stock valued at $30,000 after purchasing an additional 131 shares during the period. Finally, Cornerstone Financial Management LLC purchased a new position in Amphenol during the 4th quarter valued at about $31,000. Institutional investors own 97.01% of the company’s stock.
Amphenol Stock Up 3.3%
APH stock opened at $158.94 on Tuesday. Amphenol Corporation has a fifty-two week low of $92.22 and a fifty-two week high of $167.04. The business’s 50 day moving average price is $140.32 and its two-hundred day moving average price is $139.73. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71. The company has a market capitalization of $195.54 billion, a price-to-earnings ratio of 45.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.
Amphenol Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol’s dividend payout ratio is 28.74%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Truist Financial boosted their price target on Amphenol from $182.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $177.00 price target on Amphenol in a report on Thursday, April 30th. Rothschild & Co Redburn boosted their price target on Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a report on Monday, April 20th. Finally, Wall Street Zen downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $178.07.
Get Our Latest Research Report on APH
Insider Buying and Selling at Amphenol
In other Amphenol news, CEO Richard Adam Norwitt sold 61,072 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer owned 1,927,507 shares in the company, valued at approximately $277,368,257.30. This represents a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 130,775 shares of company stock worth $18,709,350. 1.42% of the stock is currently owned by corporate insiders.
About Amphenol
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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