Orange Investment Advisors Inc. lowered its position in Amphenol Corporation (NYSE:APH – Free Report) by 18.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 42,105 shares of the electronics maker’s stock after selling 9,649 shares during the quarter. Orange Investment Advisors Inc.’s holdings in Amphenol were worth $5,690,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of APH. Tucker Asset Management LLC bought a new stake in Amphenol in the fourth quarter worth $26,000. Board of the Pension Protection Fund acquired a new position in Amphenol during the fourth quarter valued at approximately $27,000. Towne Trust Company N.A bought a new position in shares of Amphenol in the fourth quarter valued at approximately $34,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Amphenol in the fourth quarter worth $34,000. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in shares of Amphenol by 200.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after buying an additional 168 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Stock Up 1.5%
NYSE APH opened at $124.94 on Friday. Amphenol Corporation has a twelve month low of $83.44 and a twelve month high of $167.04. The stock has a market cap of $153.70 billion, a PE ratio of 35.90, a PEG ratio of 1.08 and a beta of 1.29. The firm has a 50-day simple moving average of $134.53 and a 200 day simple moving average of $138.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71.
Amphenol Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, June 23rd. Amphenol’s dividend payout ratio is presently 28.74%.
Insider Buying and Selling
In other Amphenol news, CEO Richard Adam Norwitt sold 61,072 shares of Amphenol stock in a transaction on Friday, May 1st. The shares were sold at an average price of $143.90, for a total transaction of $8,788,260.80. Following the sale, the chief executive officer owned 1,927,507 shares in the company, valued at $277,368,257.30. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 130,775 shares of company stock valued at $18,709,350 over the last three months. 1.42% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research analysts recently commented on APH shares. Evercore lifted their target price on shares of Amphenol from $165.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Jefferies Financial Group upped their price target on shares of Amphenol from $165.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Zacks Research lowered Amphenol from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Barclays reissued an “overweight” rating and set a $180.00 price objective (up from $175.00) on shares of Amphenol in a research report on Monday, May 4th. Finally, BNP Paribas Exane lifted their price target on Amphenol from $185.00 to $195.00 in a research report on Friday, May 1st. Thirteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $176.53.
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.
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