M&T Bank Corp raised its stake in shares of Amphenol Corporation (NYSE:APH – Free Report) by 3.6% in the 3rd quarter, Holdings Channel reports. The firm owned 243,781 shares of the electronics maker’s stock after purchasing an additional 8,380 shares during the quarter. M&T Bank Corp’s holdings in Amphenol were worth $30,167,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in APH. Brighton Jones LLC increased its position in Amphenol by 114.0% during the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock valued at $1,224,000 after purchasing an additional 9,390 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after purchasing an additional 4,721 shares during the period. Bison Wealth LLC boosted its holdings in shares of Amphenol by 8.3% during the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock worth $559,000 after buying an additional 618 shares in the last quarter. CENTRAL TRUST Co boosted its stake in Amphenol by 9.4% during the second quarter. CENTRAL TRUST Co now owns 1,146 shares of the electronics maker’s stock worth $113,000 after acquiring an additional 98 shares in the last quarter. Finally, D Orazio & Associates Inc. acquired a new stake in shares of Amphenol in the 2nd quarter valued at about $269,000. Institutional investors own 97.01% of the company’s stock.
Amphenol Trading Up 1.9%
NYSE APH opened at $133.99 on Friday. The business’s fifty day moving average is $144.23 and its 200-day moving average is $134.50. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.98 and a quick ratio of 2.48. The stock has a market capitalization of $164.70 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 1.39 and a beta of 1.20. Amphenol Corporation has a one year low of $56.45 and a one year high of $167.04.
Amphenol Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is presently 29.94%.
Insider Activity at Amphenol
In related news, CEO Richard Adam Norwitt sold 515,281 shares of Amphenol stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $147.27, for a total value of $75,885,432.87. Following the sale, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at approximately $283,863,955.89. The trade was a 21.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.67% of the company’s stock.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Barclays reissued an “overweight” rating and issued a $175.00 price target (up from $156.00) on shares of Amphenol in a research report on Thursday, January 29th. US Capital Advisors set a $165.00 price target on shares of Amphenol in a research report on Friday, January 9th. UBS Group restated a “buy” rating and set a $174.00 price target (up from $152.00) on shares of Amphenol in a report on Wednesday, January 14th. Fox Advisors reiterated an “outperform” rating on shares of Amphenol in a research note on Friday, January 9th. Finally, Evercore reissued an “outperform” rating and set a $165.00 target price on shares of Amphenol in a research report on Tuesday, January 20th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $151.38.
View Our Latest Stock Analysis on APH
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.
Read More
- Five stocks we like better than Amphenol
- A personal warning from Martin Weiss (Please read)
- SpaceX IPO Confirmed: Claim Your Stake Today
- Forget oil — this changes everything about American energy…
- $30 stock to buy before Starlink goes public (WATCH NOW!)
- This coin has everything going for it
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.
