Daiwa Securities Group Inc. cut its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 262,094 shares of the electronics maker’s stock after selling 6,051 shares during the period. Daiwa Securities Group Inc.’s holdings in Amphenol were worth $35,425,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the business. Riggs Asset Managment Co. Inc. grew its stake in Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 168 shares in the last quarter. Tucker Asset Management LLC acquired a new position in Amphenol in the fourth quarter worth about $26,000. Board of the Pension Protection Fund acquired a new position in Amphenol in the fourth quarter worth about $27,000. Lloyd Advisory Services LLC. acquired a new position in Amphenol in the fourth quarter worth about $29,000. Finally, Towne Trust Company N.A acquired a new position in Amphenol in the fourth quarter worth about $34,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Price Performance
Shares of APH opened at $146.77 on Friday. Amphenol Corporation has a 12 month low of $91.06 and a 12 month high of $167.04. The company has a market cap of $180.56 billion, a P/E ratio of 42.18, a PEG ratio of 1.29 and a beta of 1.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26. The stock has a fifty day moving average price of $136.82 and a 200 day moving average price of $138.94.
Amphenol Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be given a $0.25 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is currently 28.74%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on APH shares. Seaport Research Partners reiterated a “buy” rating and issued a $215.00 price target on shares of Amphenol in a research note on Thursday, April 30th. Wall Street Zen downgraded Amphenol from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. The Goldman Sachs Group lifted their price target on Amphenol from $184.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Evercore reiterated an “outperform” rating on shares of Amphenol in a research note on Wednesday, May 27th. Finally, Citigroup reiterated a “buy” rating and issued a $180.00 price target (up from $170.00) on shares of Amphenol in a research note on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $176.87.
Get Our Latest Stock Report on Amphenol
Insiders Place Their Bets
In related news, CEO Richard Adam Norwitt sold 17,500 shares of Amphenol stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total value of $2,506,175.00. Following the sale, the chief executive officer directly owned 1,927,507 shares in the company, valued at $276,038,277.47. This trade represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 130,775 shares of company stock valued at $18,709,350. Company insiders own 1.42% of the company’s stock.
Amphenol Company 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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