Quent Capital LLC boosted its holdings in Amphenol Corporation (NYSE:APH – Free Report) by 3.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,911 shares of the electronics maker’s stock after acquiring an additional 144 shares during the period. Quent Capital LLC’s holdings in Amphenol were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Opal Wealth Advisors LLC bought a new position in Amphenol in the 2nd quarter valued at about $25,000. Hilltop National Bank bought a new stake in shares of Amphenol during the 2nd quarter valued at approximately $35,000. Hughes Financial Services LLC bought a new stake in shares of Amphenol during the 1st quarter valued at approximately $25,000. Avalon Trust Co boosted its position in Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock worth $27,000 after buying an additional 232 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new stake in Amphenol during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Stock Down 1.1%
Amphenol stock opened at $122.28 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $126.06. The firm’s fifty day moving average is $113.91 and its 200 day moving average is $94.33. The company has a market capitalization of $149.29 billion, a PE ratio of 48.72, a PEG ratio of 1.96 and a beta of 1.17.
Amphenol Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Tuesday, September 16th. Amphenol’s payout ratio is presently 26.29%.
Insider Activity at Amphenol
In other Amphenol news, CFO Craig A. Lampo sold 199,848 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.43, for a total transaction of $22,069,214.64. Following the transaction, the chief financial officer owned 125,695 shares in the company, valued at approximately $13,880,498.85. This represents a 61.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider William J. Doherty sold 113,000 shares of the company’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 disclosure for this sale can be found here. Insiders have sold 665,924 shares of company stock worth $73,369,357 over the last quarter. 1.67% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Truist Financial lifted their target price on shares of Amphenol from $102.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Citigroup reiterated a “buy” rating and set a $145.00 target price (up from $125.00) on shares of Amphenol in a research report on Wednesday, September 24th. The Goldman Sachs Group set a $139.00 target price on shares of Amphenol and gave the stock a “buy” rating in a research report on Monday, September 29th. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a research report on Friday, July 11th. Finally, Evercore ISI boosted their price target on shares of Amphenol from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $110.00.
Get Our Latest Stock Report on APH
Amphenol Profile
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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