Gerber Kawasaki Wealth & Investment Management acquired a new position in shares of Amphenol Corporation (NYSE:APH – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 53,558 shares of the electronics maker’s stock, valued at approximately $7,241,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Tucker Asset Management LLC bought a new stake in shares of Amphenol during the 4th quarter worth $26,000. Board of the Pension Protection Fund bought a new stake in shares of Amphenol during the 4th quarter worth $27,000. Lloyd Advisory Services LLC. bought a new stake in shares of Amphenol during the 4th quarter worth $29,000. Tacita Capital Inc lifted its position in shares of Amphenol by 145.6% during the 4th quarter. Tacita Capital Inc now owns 221 shares of the electronics maker’s stock worth $30,000 after buying an additional 131 shares during the last quarter. Finally, Towne Trust Company N.A bought a new stake in shares of Amphenol during the 4th quarter worth $34,000. 97.01% of the stock is currently owned by institutional investors.
Amphenol Trading Up 1.0%
Shares of APH stock opened at $153.97 on Friday. The stock has a market cap of $189.42 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 1.33 and a beta of 1.27. The stock has a 50-day moving average of $139.70 and a 200-day moving average of $139.57. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. Amphenol Corporation has a 1-year low of $92.08 and a 1-year high of $167.04.
Amphenol Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 23rd. Amphenol’s payout ratio is presently 28.74%.
Insider Activity
In related news, CEO Richard Adam Norwitt sold 61,072 shares of the business’s stock in a transaction on Friday, May 1st. The shares were 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 $277,368,257.30. The trade was a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 130,775 shares of company stock worth $18,709,350. 1.42% of the stock is owned by insiders.
Wall Street Analyst Weigh In
APH has been the subject of a number of recent research reports. UBS Group reaffirmed a “buy” rating and issued a $178.00 target price (up from $170.00) on shares of Amphenol in a report on Thursday, April 30th. Citigroup reaffirmed a “buy” rating and issued a $180.00 target price (up from $170.00) on shares of Amphenol in a report on Thursday, April 30th. Rothschild & Co Redburn upped their target price on Amphenol from $160.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wall Street Zen cut Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Piper Sandler set a $165.00 target price on Amphenol in a report on Tuesday, March 17th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $178.07.
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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