Baader Bank Aktiengesellschaft grew its stake in Amphenol Corporation (NYSE:APH – Free Report) by 31.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,413 shares of the electronics maker’s stock after buying an additional 4,360 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Amphenol were worth $2,472,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in APH. Board of the Pension Protection Fund acquired a new position in Amphenol in the 4th quarter valued at approximately $27,000. Towne Trust Company N.A bought a new position in Amphenol in the 4th quarter valued at $34,000. Riggs Asset Managment Co. Inc. lifted its stake in shares of Amphenol by 200.0% in the 2nd 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. Laurel Wealth Advisors LLC acquired a new position in shares of Amphenol in the 4th quarter valued at $34,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Amphenol in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Stock Performance
Shares of NYSE:APH opened at $124.53 on Thursday. The company’s 50 day simple moving average is $135.73 and its 200 day simple moving average is $139.25. The stock has a market capitalization of $153.20 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 1.12 and a beta of 1.29. 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 1 year low of $83.44 and a 1 year high of $167.04.
Amphenol Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Amphenol’s payout ratio is currently 28.74%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Piper Sandler set a $165.00 price objective on Amphenol in a research note on Tuesday, March 17th. Rothschild & Co Redburn raised their price objective on Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $177.00 price objective on Amphenol in a report on Thursday, April 30th. Seaport Research Partners reiterated a “buy” rating and set a $215.00 price target on shares of Amphenol in a report on Thursday, April 30th. Finally, The Goldman Sachs Group lifted their price target on Amphenol from $184.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Thirteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $176.53.
Get Our Latest Stock Analysis on Amphenol
Insider Buying and Selling at Amphenol
In related 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 value of $2,506,175.00. Following the sale, the chief executive officer 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 130,775 shares of company stock valued at $18,709,350 over the last quarter. Insiders own 1.42% of the company’s stock.
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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