Glenview Trust co increased its position in Amphenol Corporation (NYSE:APH – Free Report) by 2.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 15,275 shares of the electronics maker’s stock after acquiring an additional 437 shares during the quarter. Glenview Trust co’s holdings in Amphenol were worth $1,002,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Independent Advisor Alliance increased its stake in shares of Amphenol by 1.7% in the first quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker’s stock worth $471,000 after purchasing an additional 122 shares in the last quarter. Forum Financial Management LP grew its stake in Amphenol by 1.9% in the 1st quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker’s stock valued at $438,000 after buying an additional 126 shares in the last quarter. Ironwood Investment Counsel LLC raised its holdings in Amphenol by 2.9% during the 1st quarter. Ironwood Investment Counsel LLC now owns 4,676 shares of the electronics maker’s stock valued at $307,000 after acquiring an additional 132 shares during the period. FourThought Financial Partners LLC lifted its position in shares of Amphenol by 4.1% during the first quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker’s stock worth $231,000 after acquiring an additional 139 shares in the last quarter. Finally, Gallacher Capital Management LLC boosted its holdings in shares of Amphenol by 4.6% in the first quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker’s stock worth $210,000 after acquiring an additional 142 shares during the period. Institutional investors own 97.01% of the company’s stock.
Amphenol Trading Up 0.4%
Shares of Amphenol stock opened at $119.62 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $120.80. The firm has a market cap of $146.05 billion, a PE ratio of 47.66, a PEG ratio of 1.91 and a beta of 1.15. The company has a 50 day simple moving average of $107.06 and a two-hundred day simple moving average of $87.68.
Amphenol Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol’s dividend payout ratio is presently 26.29%.
Insider Transactions at Amphenol
In related news, insider William J. Doherty sold 113,000 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $108.89, for a total transaction of $12,304,570.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David M. Silverman sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $110.42, for a total value of $11,042,000.00. Following the completion of the sale, the vice president directly owned 12,500 shares of the company’s stock, valued at approximately $1,380,250. This represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 665,924 shares of company stock valued at $73,369,357 over the last 90 days. Company insiders own 1.67% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Robert W. Baird boosted their price objective on Amphenol from $118.00 to $127.00 and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Truist Financial upped their price target on Amphenol from $102.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. KGI Securities initiated coverage on shares of Amphenol in a research report on Thursday, June 26th. They issued a “hold” rating for the company. JPMorgan Chase & Co. boosted their price objective on shares of Amphenol from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 10th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.62.
View Our Latest Stock Analysis on Amphenol
Amphenol Company 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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