Resources Management Corp CT ADV increased its position in Amphenol Corporation (NYSE:APH – Free Report) by 3,956.1% during the 4th quarter, Holdings Channel reports. The firm owned 315,768 shares of the electronics maker’s stock after acquiring an additional 307,983 shares during the quarter. Amphenol comprises approximately 5.5% of Resources Management Corp CT ADV’s investment portfolio, making the stock its 2nd largest holding. Resources Management Corp CT ADV’s holdings in Amphenol were worth $42,673,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Generali Asset Management SPA SGR grew its stake in Amphenol by 20.2% in the fourth quarter. Generali Asset Management SPA SGR now owns 87,072 shares of the electronics maker’s stock worth $11,767,000 after purchasing an additional 14,612 shares in the last quarter. Regents Gate Capital LLP grew its stake in Amphenol by 54.8% in the third quarter. Regents Gate Capital LLP now owns 96,908 shares of the electronics maker’s stock worth $11,992,000 after purchasing an additional 34,289 shares in the last quarter. Praxis Investment Management Inc. grew its stake in Amphenol by 86.3% in the fourth quarter. Praxis Investment Management Inc. now owns 26,986 shares of the electronics maker’s stock worth $3,647,000 after purchasing an additional 12,502 shares in the last quarter. Principal Financial Group Inc. grew its stake in Amphenol by 2.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,750,490 shares of the electronics maker’s stock worth $371,704,000 after purchasing an additional 70,938 shares in the last quarter. Finally, CGN Advisors LLC bought a new position in Amphenol in the fourth quarter worth approximately $1,592,000. Institutional investors own 97.01% of the company’s stock.
Amphenol Stock Up 0.1%
Shares of NYSE APH opened at $153.97 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $189.42 billion, a PE ratio of 44.24, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The stock’s fifty day simple moving average is $139.70 and its two-hundred day simple moving average is $139.58. Amphenol Corporation has a 12-month low of $92.08 and a 12-month high of $167.04.
Amphenol Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol’s dividend payout ratio (DPR) is presently 28.74%.
Analysts Set New Price Targets
Several brokerages recently issued reports on APH. Rothschild & Co Redburn increased their price objective on Amphenol from $160.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Evercore reaffirmed an “outperform” rating on shares of Amphenol in a research report on Wednesday, May 27th. BNP Paribas Exane increased their target price on Amphenol from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Seaport Research Partners reaffirmed a “buy” rating and set a $215.00 target price on shares of Amphenol in a research report on Thursday, April 30th. Finally, Robert W. Baird set a $177.00 target price on Amphenol in a research report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.07.
Read Our Latest Research Report on Amphenol
Insider Buying and Selling at Amphenol
In other news, CEO Richard Adam Norwitt sold 17,500 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total value of $2,506,175.00. Following the completion of the sale, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at $276,038,277.47. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 130,775 shares of company stock valued at $18,709,350. 1.42% of the stock is owned by company insiders.
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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