MML Investors Services LLC lifted its stake in shares of Amphenol Co. (NYSE:APH) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,557 shares of the electronics maker’s stock after purchasing an additional 1,237 shares during the period. MML Investors Services LLC’s holdings in Amphenol were worth $1,015,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. AXA increased its stake in shares of Amphenol by 2.5% during the third quarter. AXA now owns 252,000 shares of the electronics maker’s stock worth $21,330,000 after purchasing an additional 6,100 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Amphenol by 1.3% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 268,024 shares of the electronics maker’s stock worth $22,685,000 after purchasing an additional 3,402 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new stake in shares of Amphenol during the third quarter worth about $13,263,000. Barings LLC increased its stake in shares of Amphenol by 25.9% during the third quarter. Barings LLC now owns 52,936 shares of the electronics maker’s stock worth $4,481,000 after purchasing an additional 10,900 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. acquired a new position in Amphenol during the third quarter worth about $684,000. 96.70% of the stock is owned by institutional investors and hedge funds.
Amphenol Co. (NYSE:APH) opened at $92.51 on Wednesday. The company has a quick ratio of 2.25, a current ratio of 2.95 and a debt-to-equity ratio of 0.88. The firm has a market cap of $28,306.13, a PE ratio of 28.42, a price-to-earnings-growth ratio of 2.72 and a beta of 0.81. Amphenol Co. has a fifty-two week low of $68.57 and a fifty-two week high of $93.62.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Monday, March 19th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.76 annualized dividend and a yield of 0.82%. Amphenol’s payout ratio is 37.07%.
In other Amphenol news, VP Lance E. D’amico sold 10,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $92.07, for a total value of $920,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John R. Lord sold 2,000 shares of the business’s stock in a transaction dated Sunday, September 2nd. The shares were sold at an average price of $62.47, for a total transaction of $124,940.00. Following the completion of the transaction, the director now owns 38,677 shares in the company, valued at $2,416,152.19. The disclosure for this sale can be found here. Insiders own 2.51% of the company’s stock.
A number of equities analysts recently weighed in on APH shares. Cowen restated a “buy” rating and set a $105.00 price target on shares of Amphenol in a research report on Wednesday, January 10th. Zacks Investment Research lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Tuesday, December 26th. SunTrust Banks restated a “hold” rating and set a $89.00 price target (up from $82.00) on shares of Amphenol in a research report on Thursday, January 25th. Finally, Morgan Stanley boosted their price target on shares of Amphenol from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $92.00.
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Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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