Diversified Trust Co. grew its position in Amphenol Corporation (NYSE:APH – Free Report) by 115.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,899 shares of the electronics maker’s stock after acquiring an additional 9,609 shares during the period. Diversified Trust Co.’s holdings in Amphenol were worth $2,419,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of APH. Inspirion Wealth Advisors LLC acquired a new position in Amphenol during the fourth quarter worth approximately $378,000. Sound View Wealth Advisors Group LLC bought a new stake in Amphenol in the fourth quarter valued at approximately $200,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Amphenol by 3.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 259,715 shares of the electronics maker’s stock valued at $37,183,000 after buying an additional 7,718 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in shares of Amphenol by 7.6% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 309,677 shares of the electronics maker’s stock worth $43,318,000 after acquiring an additional 21,819 shares during the period. Finally, Gryphon Financial Partners LLC boosted its stake in shares of Amphenol by 35.6% during the 4th quarter. Gryphon Financial Partners LLC now owns 5,991 shares of the electronics maker’s stock worth $810,000 after acquiring an additional 1,574 shares during the period. 97.01% of the stock is owned by institutional investors.
Amphenol Stock Performance
APH opened at $127.88 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.98 and a quick ratio of 2.48. The business has a fifty day simple moving average of $142.74 and a 200 day simple moving average of $135.85. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $167.04. The company has a market capitalization of $157.19 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 1.38 and a beta of 1.20.
Amphenol Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Monday, March 23rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 23rd. Amphenol’s dividend payout ratio (DPR) is currently 29.94%.
Insiders Place Their Bets
In other Amphenol news, CEO Richard Adam Norwitt sold 515,281 shares of Amphenol stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $147.27, for a total value of $75,885,432.87. Following the completion of the sale, the chief executive officer owned 1,927,507 shares in the company, valued at $283,863,955.89. The trade was a 21.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.67% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Wall Street Zen downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Truist Financial set a $182.00 price objective on shares of Amphenol in a report on Tuesday, January 13th. Piper Sandler set a $165.00 price objective on shares of Amphenol in a research report on Tuesday, March 17th. 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 note on Thursday, January 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $183.00 price target on shares of Amphenol in a research note on Thursday, January 15th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and a consensus price target of $152.36.
Read Our Latest Stock Report on Amphenol
Amphenol 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.
Further Reading
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