IPG Investment Advisors LLC bought a new stake in Amphenol Corporation (NYSE:APH – Free Report) in the fourth quarter, Holdings Channel reports. The fund bought 12,825 shares of the electronics maker’s stock, valued at approximately $1,736,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Capital Advisors Inc. OK grew its position in Amphenol by 3.4% in the 4th quarter. Capital Advisors Inc. OK now owns 2,067 shares of the electronics maker’s stock valued at $279,000 after buying an additional 68 shares in the last quarter. Canvas Wealth Advisors LLC grew its position in Amphenol by 3.5% in the 4th quarter. Canvas Wealth Advisors LLC now owns 2,060 shares of the electronics maker’s stock valued at $279,000 after buying an additional 70 shares in the last quarter. LOM Asset Management Ltd grew its position in Amphenol by 16.3% in the 4th quarter. LOM Asset Management Ltd now owns 500 shares of the electronics maker’s stock valued at $68,000 after buying an additional 70 shares in the last quarter. Seeds Investor LLC lifted its holdings in Amphenol by 4.0% in the 4th quarter. Seeds Investor LLC now owns 1,889 shares of the electronics maker’s stock valued at $255,000 after acquiring an additional 72 shares during the last quarter. Finally, Procyon Advisors LLC lifted its holdings in Amphenol by 2.6% in the 4th quarter. Procyon Advisors LLC now owns 2,871 shares of the electronics maker’s stock valued at $388,000 after acquiring an additional 74 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.
Amphenol Price Performance
Shares of NYSE APH opened at $140.22 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. Amphenol Corporation has a twelve month low of $87.84 and a twelve month high of $167.04. The company has a market capitalization of $172.50 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 1.22 and a beta of 1.29. The firm has a 50-day moving average of $134.67 and a two-hundred day moving average of $138.60.
Amphenol Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s dividend payout ratio is currently 28.74%.
Insider Buying and Selling
In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the completion of the sale, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at approximately $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 130,775 shares of company stock worth $18,709,350 over the last ninety days. 1.42% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on APH. Piper Sandler set a $165.00 price target on shares of Amphenol in a report on Tuesday, March 17th. Seaport Research Partners reissued a “buy” rating and issued a $215.00 price target on shares of Amphenol in a report on Thursday, April 30th. Zacks Research downgraded shares of Amphenol from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Citigroup reissued a “buy” rating and issued a $180.00 price target (up from $170.00) on shares of Amphenol in a report on Thursday, April 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a report on Monday, April 20th. Thirteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.53.
View Our Latest Report on Amphenol
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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