First Trust Advisors LP Boosts Stake in Amphenol Co. (NYSE:APH)
First Trust Advisors LP lifted its position in shares of Amphenol Co. (NYSE:APH) by 81.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,015 shares of the electronics maker’s stock after acquiring an additional 33,204 shares during the quarter. First Trust Advisors LP’s holdings in Amphenol were worth $8,014,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Boston Trust Walden Corp boosted its stake in shares of Amphenol by 0.3% during the 3rd quarter. Boston Trust Walden Corp now owns 31,460 shares of the electronics maker’s stock worth $3,406,000 after acquiring an additional 91 shares in the last quarter. TCI Wealth Advisors Inc. lifted its stake in Amphenol by 65.7% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 237 shares of the electronics maker’s stock valued at $26,000 after buying an additional 94 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Amphenol by 11.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 919 shares of the electronics maker’s stock valued at $88,000 after buying an additional 96 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Amphenol by 0.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,101 shares of the electronics maker’s stock valued at $1,159,000 after buying an additional 102 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in Amphenol by 25.5% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 536 shares of the electronics maker’s stock valued at $51,000 after buying an additional 109 shares in the last quarter. 89.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE APH opened at $127.39 on Friday. The company has a 50 day simple moving average of $116.70 and a 200-day simple moving average of $104.77. The company has a market capitalization of $38.11 billion, a P/E ratio of 33.61, a P/E/G ratio of 4.11 and a beta of 1.25. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.27 and a quick ratio of 1.65. Amphenol Co. has a 1 year low of $63.05 and a 1 year high of $128.54.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Tuesday, December 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Monday, December 14th. This is an increase from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s dividend payout ratio (DPR) is 26.74%.
In other Amphenol news, SVP Zachary W. Raley sold 242,019 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $117.18, for a total value of $28,359,786.42. Following the completion of the transaction, the senior vice president now owns 61,581 shares of the company’s stock, valued at approximately $7,216,061.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jean-Luc Gavelle sold 27,400 shares of the firm’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $125.53, for a total transaction of $3,439,522.00. Insiders sold a total of 510,119 shares of company stock valued at $59,770,809 in the last quarter. 2.72% of the stock is owned by insiders.
A number of research analysts recently weighed in on the stock. UBS Group assumed coverage on shares of Amphenol in a research note on Tuesday, September 15th. They issued a “buy” rating and a $133.00 price target on the stock. Morgan Stanley raised their price target on shares of Amphenol from $110.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, October 22nd. Robert W. Baird assumed coverage on shares of Amphenol in a research note on Monday, October 19th. They issued an “outperform” rating and a $127.00 price target on the stock. Finally, Zacks Investment Research lowered shares of Amphenol from a “buy” rating to a “hold” rating and set a $114.00 price target on the stock. in a research note on Tuesday, September 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $114.75.
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 in two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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