Fox Hill Wealth Management trimmed its holdings in Amphenol Corporation (NYSE:APH – Free Report) by 6.5% during the second quarter, HoldingsChannel.com reports. The firm owned 34,707 shares of the electronics maker’s stock after selling 2,420 shares during the period. Amphenol makes up about 1.8% of Fox Hill Wealth Management’s portfolio, making the stock its 13th biggest holding. Fox Hill Wealth Management’s holdings in Amphenol were worth $3,427,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Hughes Financial Services LLC acquired a new position in shares of Amphenol in the 1st quarter valued at approximately $25,000. Avalon Trust Co raised its position in shares of Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Amphenol in the 1st quarter valued at approximately $28,000. Saudi Central Bank acquired a new position in shares of Amphenol in the 1st quarter valued at approximately $31,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Amphenol in the 1st quarter valued at approximately $33,000. 97.01% of the stock is owned by institutional investors and hedge funds.
Amphenol Price Performance
Shares of APH opened at $118.71 on Friday. The company has a market cap of $144.94 billion, a P/E ratio of 47.30, a PEG ratio of 1.91 and a beta of 1.15. The stock has a fifty day moving average price of $107.44 and a 200 day moving average price of $88.20. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $120.80.
Amphenol Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol’s dividend payout ratio is presently 26.29%.
Insider Buying and Selling
In other Amphenol news, insider William J. Doherty sold 113,000 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $108.89, for a total transaction of $12,304,570.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $110.60, for a total value of $11,060,000.00. Following the transaction, the vice president owned 76,400 shares of the company’s stock, valued at $8,449,840. This trade represents a 56.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 665,924 shares of company stock valued at $73,369,357 in the last 90 days. Corporate insiders own 1.67% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. KGI Securities started coverage on Amphenol in a research report on Thursday, June 26th. They issued a “hold” rating on the stock. Industrial Alliance Securities set a $115.00 price target on Amphenol in a report on Friday, July 11th. Evercore ISI boosted their price target on Amphenol from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Robert W. Baird boosted their price target on Amphenol from $118.00 to $127.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. Finally, Wall Street Zen downgraded Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 10th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.62.
Get Our Latest Stock Report on Amphenol
About Amphenol
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.
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