DGS Capital Management LLC lifted its stake in shares of Amphenol Corporation (NYSE:APH – Free Report) by 91.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,368 shares of the electronics maker’s stock after buying an additional 3,517 shares during the quarter. DGS Capital Management LLC’s holdings in Amphenol were worth $996,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC raised its stake in shares of Amphenol by 163.8% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 182 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 113 shares during the period. Riggs Asset Managment Co. Inc. boosted its stake in shares of Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 168 shares during the period. Tucker Asset Management LLC acquired a new stake in Amphenol during the 4th quarter valued at $26,000. Board of the Pension Protection Fund acquired a new stake in Amphenol during the 4th quarter valued at $27,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Amphenol during the 4th quarter worth $29,000. 97.01% of the stock is owned by institutional investors and hedge funds.
Amphenol Trading Up 1.9%
NYSE APH opened at $164.23 on Friday. The company has a market capitalization of $202.05 billion, a price-to-earnings ratio of 47.19, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26. Amphenol Corporation has a 12 month low of $92.98 and a 12 month high of $167.04. The company’s fifty day moving average price is $142.34 and its two-hundred day moving average price is $140.20.
Amphenol Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. Amphenol’s payout ratio is currently 28.74%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $184.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research report on Monday, April 20th. Evercore reiterated an “outperform” rating on shares of Amphenol in a research note on Wednesday, May 27th. Wall Street Zen downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Truist Financial raised their price objective on Amphenol from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $178.07.
Get Our Latest Analysis on Amphenol
Insiders Place Their Bets
In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the sale, the chief executive officer owned 1,927,507 shares in the company, valued at $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 130,775 shares of company stock valued at $18,709,350 over the last three months. 1.42% of the stock is owned by insiders.
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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