American Century Companies Inc. lessened its stake in Amphenol Corporation (NYSE:APH – Free Report) by 0.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,396,162 shares of the electronics maker’s stock after selling 8,952 shares during the quarter. American Century Companies Inc.’s holdings in Amphenol were worth $296,525,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. SYM FINANCIAL Corp boosted its stake in Amphenol by 0.9% in the 3rd quarter. SYM FINANCIAL Corp now owns 9,266 shares of the electronics maker’s stock worth $1,147,000 after purchasing an additional 82 shares in the last quarter. Bruce G. Allen Investments LLC grew its position in Amphenol by 9.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 975 shares of the electronics maker’s stock worth $121,000 after purchasing an additional 84 shares during the period. Tower Wealth Partners Inc. raised its holdings in Amphenol by 2.1% in the 3rd quarter. Tower Wealth Partners Inc. now owns 4,251 shares of the electronics maker’s stock worth $526,000 after purchasing an additional 86 shares during the period. Financial Management Professionals Inc. grew its position in shares of Amphenol by 82.6% in the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 90 shares during the period. Finally, Allen Capital Group LLC lifted its stake in Amphenol by 3.2% in the 3rd quarter. Allen Capital Group LLC now owns 3,012 shares of the electronics maker’s stock worth $373,000 after purchasing an additional 92 shares in the last quarter. 97.01% of the stock is owned by institutional investors.
Amphenol Stock Performance
NYSE:APH opened at $145.94 on Friday. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $167.04. 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 firm has a 50-day moving average price of $144.87 and a two-hundred day moving average price of $132.84. The company has a market capitalization of $179.39 billion, a P/E ratio of 43.70, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20.
Amphenol Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd will be issued a $0.25 dividend. The ex-dividend date is Monday, March 23rd. This represents a $1.00 annualized dividend and a yield of 0.7%. Amphenol’s payout ratio is 29.94%.
Insider Buying and Selling
In other Amphenol news, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total value of $11,360,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 515,281 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $147.27, for a total value of $75,885,432.87. Following the completion of the transaction, the chief executive officer directly owned 1,927,507 shares in the company, valued at $283,863,955.89. This trade represents a 21.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.67% of the company’s stock.
Analysts Set New Price Targets
APH has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, January 21st. Citigroup raised their target price on shares of Amphenol from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Barclays reiterated an “overweight” rating and set a $175.00 price target (up from $156.00) on shares of Amphenol in a research note on Thursday, January 29th. Fox Advisors reissued an “outperform” rating on shares of Amphenol in a report on Friday, January 9th. Finally, US Capital Advisors set a $165.00 price objective on Amphenol in a research report on Friday, January 9th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and an average price target of $151.38.
Check Out Our Latest Stock Analysis on Amphenol
About Amphenol
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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