Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 101.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,597 shares of the electronics maker’s stock after acquiring an additional 10,350 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Amphenol were worth $2,783,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Board of the Pension Protection Fund bought a new stake in Amphenol during the fourth quarter worth approximately $27,000. Towne Trust Company N.A bought a new stake in Amphenol during the fourth quarter worth approximately $34,000. Laurel Wealth Advisors LLC bought a new stake in Amphenol during the fourth quarter worth approximately $34,000. Riggs Asset Managment Co. Inc. raised its holdings in Amphenol by 200.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 168 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in Amphenol during the third quarter worth approximately $40,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Price Performance
NYSE APH opened at $125.14 on Friday. The stock has a market capitalization of $153.95 billion, a P/E ratio of 35.96, a P/E/G ratio of 1.09 and a beta of 1.29. Amphenol Corporation has a 1 year low of $83.44 and a 1 year high of $167.04. The business’s fifty day moving average is $135.57 and its two-hundred day moving average is $139.12. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71.
Amphenol Announces Dividend
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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 23rd. Amphenol’s payout ratio is 28.74%.
Insider Transactions at Amphenol
In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the sale, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at $276,038,277.47. The trade was a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over 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.
Analysts Set New Price Targets
APH has been the topic of several recent analyst reports. Evercore boosted their target price on Amphenol from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Truist Financial boosted their target price on Amphenol from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. BNP Paribas Exane boosted their target price on Amphenol from $185.00 to $195.00 in a report on Friday, May 1st. Zacks Research cut Amphenol from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Piper Sandler set a $165.00 target price on Amphenol in a report on Tuesday, March 17th. Thirteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.53.
Get Our Latest Stock Report on APH
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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