Deutsche Bank AG lifted its position in shares of Amphenol Corporation (NYSE:APH – Free Report) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,495,823 shares of the electronics maker’s stock after purchasing an additional 284,525 shares during the period. Deutsche Bank AG’s holdings in Amphenol were worth $877,846,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Paragon Private Wealth Management LLC grew its holdings in shares of Amphenol by 18.4% during the fourth quarter. Paragon Private Wealth Management LLC now owns 2,958 shares of the electronics maker’s stock worth $400,000 after purchasing an additional 460 shares during the last quarter. Axiom Investors LLC DE boosted its holdings in Amphenol by 34.4% in the fourth quarter. Axiom Investors LLC DE now owns 3,994,417 shares of the electronics maker’s stock valued at $539,806,000 after acquiring an additional 1,023,282 shares during the last quarter. Portfolio Design Labs LLC boosted its holdings in Amphenol by 7.7% in the fourth quarter. Portfolio Design Labs LLC now owns 20,309 shares of the electronics maker’s stock valued at $2,745,000 after acquiring an additional 1,448 shares during the last quarter. Insight Advisors LLC PA boosted its holdings in Amphenol by 4.9% in the fourth quarter. Insight Advisors LLC PA now owns 2,597 shares of the electronics maker’s stock valued at $351,000 after acquiring an additional 122 shares during the last quarter. Finally, Brand Asset Management Group Inc. bought a new stake in Amphenol in the fourth quarter valued at approximately $271,000. 97.01% of the stock is currently owned by institutional investors.
Amphenol Price Performance
Shares of APH opened at $153.94 on Wednesday. Amphenol Corporation has a 52-week low of $91.06 and a 52-week high of $167.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71. The business’s 50 day moving average price is $138.04 and its two-hundred day moving average price is $139.19. The firm has a market cap of $189.39 billion, a PE ratio of 44.24, a price-to-earnings-growth ratio of 1.26 and a beta of 1.27.
Amphenol Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a yield of 0.6%. Amphenol’s payout ratio is 28.74%.
Insider Transactions at Amphenol
In other news, CEO Richard Adam Norwitt sold 61,072 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $143.90, for a total transaction of $8,788,260.80. Following the transaction, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at $277,368,257.30. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 130,775 shares of company stock valued at $18,709,350 over the last quarter. 1.42% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on APH. Jefferies Financial Group upped their target price on Amphenol from $165.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Rothschild & Co Redburn upped their target price on Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $177.00 target price on Amphenol in a report on Thursday, April 30th. The Goldman Sachs Group upped their target price on Amphenol from $184.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Barclays reiterated an “overweight” rating and issued a $198.00 target price on shares of Amphenol in a report on Monday. Fourteen 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, the stock has an average rating of “Moderate Buy” and an average price target of $178.07.
Check Out Our Latest Stock Report on Amphenol
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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