Swiss Life Asset Management Ltd raised its holdings in Amphenol Corporation (NYSE:APH – Free Report) by 13.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 298,958 shares of the electronics maker’s stock after acquiring an additional 35,037 shares during the period. Swiss Life Asset Management Ltd’s holdings in Amphenol were worth $36,996,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of APH. Groupama Asset Managment lifted its holdings in shares of Amphenol by 112.5% during the 3rd quarter. Groupama Asset Managment now owns 27,261 shares of the electronics maker’s stock worth $3,374,000 after acquiring an additional 14,433 shares during the period. Cambria Investment Management L.P. purchased a new stake in Amphenol in the third quarter valued at approximately $559,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Amphenol in the third quarter valued at approximately $40,000. Fulcrum Asset Management LLP increased its position in Amphenol by 261.3% during the third quarter. Fulcrum Asset Management LLP now owns 12,805 shares of the electronics maker’s stock worth $1,585,000 after purchasing an additional 9,261 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in Amphenol during the third quarter worth approximately $20,795,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Stock Performance
Shares of APH stock opened at $127.86 on Thursday. The company has a current ratio of 2.98, a quick ratio of 2.48 and a debt-to-equity ratio of 1.08. The company has a market cap of $157.17 billion, a PE ratio of 38.28, a P/E/G ratio of 1.43 and a beta of 1.20. The company’s fifty day simple moving average is $143.83 and its 200-day simple moving average is $135.15. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $167.04.
Amphenol Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Monday, March 23rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Amphenol’s dividend payout ratio (DPR) is 29.94%.
Insider Activity
In related news, CEO Richard Adam Norwitt sold 515,281 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the sale, the chief executive officer directly owned 1,927,507 shares in the company, valued at approximately $283,863,955.89. This trade represents a 21.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.67% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on APH. Zacks Research cut shares of Amphenol from a “strong-buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. increased their target price on Amphenol from $160.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 27th. The Goldman Sachs Group reissued a “buy” rating and set a $183.00 price target on shares of Amphenol in a research report on Thursday, January 15th. US Capital Advisors set a $165.00 price target on Amphenol in a research note on Friday, January 9th. Finally, Wall Street Zen downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Eleven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average target price of $152.36.
Check Out Our Latest Stock Analysis on APH
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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