Hall Laurie J Trustee cut its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 13.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,965 shares of the electronics maker’s stock after selling 9,956 shares during the period. Amphenol comprises approximately 2.9% of Hall Laurie J Trustee’s portfolio, making the stock its 8th largest position. Hall Laurie J Trustee’s holdings in Amphenol were worth $8,779,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APH. State Street Corp lifted its holdings in shares of Amphenol by 1.2% during the third quarter. State Street Corp now owns 56,025,072 shares of the electronics maker’s stock worth $6,942,156,000 after purchasing an additional 676,797 shares during the period. Capital International Investors increased its holdings in Amphenol by 446.9% in the third quarter. Capital International Investors now owns 18,006,524 shares of the electronics maker’s stock valued at $2,228,288,000 after purchasing an additional 14,714,177 shares during the period. Capital Research Global Investors raised its position in Amphenol by 106.9% during the 3rd quarter. Capital Research Global Investors now owns 15,523,085 shares of the electronics maker’s stock worth $1,920,982,000 after purchasing an additional 8,021,284 shares during the last quarter. Invesco Ltd. raised its position in Amphenol by 14.4% during the 3rd quarter. Invesco Ltd. now owns 9,065,058 shares of the electronics maker’s stock worth $1,121,801,000 after purchasing an additional 1,143,513 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Amphenol by 12.5% during the 3rd quarter. Legal & General Group Plc now owns 8,334,138 shares of the electronics maker’s stock worth $1,031,350,000 after buying an additional 928,994 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Stock Performance
Shares of Amphenol stock opened at $128.05 on Friday. The business has a 50-day moving average price of $138.42 and a two-hundred day moving average price of $136.05. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $167.04. The company has a current ratio of 2.98, a quick ratio of 2.48 and a debt-to-equity ratio of 1.08. The company has a market cap of $157.40 billion, a P/E ratio of 38.34, a PEG ratio of 1.35 and a beta of 1.25.
Amphenol Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, March 23rd. Amphenol’s dividend payout ratio is presently 29.94%.
Analyst Upgrades and Downgrades
APH has been the subject of several recent research reports. UBS Group reissued a “buy” rating and issued a $174.00 price target (up from $152.00) on shares of Amphenol in a research note on Wednesday, January 14th. Citigroup lifted their price objective on Amphenol from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Piper Sandler set a $165.00 target price on Amphenol in a report on Tuesday, March 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, January 21st. Finally, Fox Advisors restated an “outperform” rating on shares of Amphenol in a report on Friday, January 9th. Twelve research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.87.
Read Our Latest Analysis on Amphenol
Insider Activity at Amphenol
In other news, CEO Richard Adam Norwitt sold 515,281 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the completion of the sale, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at $283,863,955.89. This trade represents a 21.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.67% of the stock is currently owned by company 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.
Featured Articles
Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corporation (NYSE:APH – Free Report).
Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.
