Amphenol Co. (APH) Stake Decreased by Motco
Motco decreased its holdings in Amphenol Co. (NYSE:APH) by 7.3% in the fourth quarter, HoldingsChannel reports. The firm owned 75,620 shares of the electronics maker’s stock after selling 5,925 shares during the period. Motco’s holdings in Amphenol were worth $6,640,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of APH. Dupont Capital Management Corp acquired a new stake in shares of Amphenol in the 4th quarter worth $115,000. Fusion Family Wealth LLC acquired a new stake in Amphenol during the 4th quarter worth about $121,000. Cribstone Capital Management LLC lifted its position in Amphenol by 123.5% during the 3rd quarter. Cribstone Capital Management LLC now owns 1,900 shares of the electronics maker’s stock worth $161,000 after acquiring an additional 1,050 shares during the period. CENTRAL TRUST Co lifted its position in Amphenol by 52.6% during the 4th quarter. CENTRAL TRUST Co now owns 1,915 shares of the electronics maker’s stock worth $168,000 after acquiring an additional 660 shares during the period. Finally, Zions Bancorporation acquired a new stake in Amphenol during the 3rd quarter worth about $169,000. 97.00% of the stock is owned by hedge funds and other institutional investors.
Amphenol Co. (NYSE APH) opened at $88.28 on Thursday. The firm has a market capitalization of $27,040.83, a PE ratio of 43.06, a price-to-earnings-growth ratio of 2.60 and a beta of 0.82. Amphenol Co. has a 52 week low of $67.26 and a 52 week high of $93.62. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.25 and a current ratio of 2.95.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Monday, March 19th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.86%. Amphenol’s payout ratio is currently 37.07%.
In other Amphenol news, Director Diana G. Reardon sold 503,000 shares of Amphenol stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $90.73, for a total transaction of $45,637,190.00. Following the completion of the transaction, the director now owns 260,000 shares in the company, valued at approximately $23,589,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lance E. D’amico sold 10,000 shares of Amphenol stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $92.07, for a total value of $920,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 523,000 shares of company stock valued at $47,452,990 in the last quarter. Company insiders own 2.51% of the company’s stock.
A number of analysts have commented on APH shares. Stifel Nicolaus lifted their price target on Amphenol from $78.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. SunTrust Banks lifted their price target on Amphenol from $77.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Wells Fargo & Co started coverage on Amphenol in a research report on Friday, November 10th. They set an “outperform” rating and a $98.00 price target for the company. Morgan Stanley lifted their price target on Amphenol from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 26th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Amphenol in a research report on Monday, October 16th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $92.00.
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Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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