Community Financial Services Group LLC increased its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 15.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,024 shares of the electronics maker’s stock after buying an additional 4,766 shares during the period. Community Financial Services Group LLC’s holdings in Amphenol were worth $4,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Grant Private Wealth Management Inc acquired a new stake in shares of Amphenol in the third quarter valued at about $515,000. DSG Capital Advisors LLC raised its position in shares of Amphenol by 230.9% during the 3rd quarter. DSG Capital Advisors LLC now owns 10,688 shares of the electronics maker’s stock worth $1,323,000 after purchasing an additional 7,458 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Amphenol by 10.7% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 271,766 shares of the electronics maker’s stock valued at $33,631,000 after buying an additional 26,175 shares in the last quarter. Regents Gate Capital LLP lifted its stake in Amphenol by 54.8% in the 3rd quarter. Regents Gate Capital LLP now owns 96,908 shares of the electronics maker’s stock valued at $11,992,000 after buying an additional 34,289 shares in the last quarter. Finally, Estate Counselors LLC acquired a new stake in Amphenol in the 3rd quarter worth about $3,831,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Trading Up 6.0%
Shares of Amphenol stock opened at $126.28 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 stock’s 50 day simple moving average is $139.90 and its 200-day simple moving average is $136.10. The stock has a market cap of $155.22 billion, a P/E ratio of 37.81, a P/E/G ratio of 1.26 and a beta of 1.20. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $167.04.
Amphenol Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Amphenol’s payout ratio is 29.94%.
Insider Activity at Amphenol
In other Amphenol news, CEO Richard Adam Norwitt sold 515,281 shares of Amphenol 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.67% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have commented on the company. UBS Group reissued a “buy” rating and set a $174.00 target price (up from $152.00) on shares of Amphenol in a report on Wednesday, January 14th. Citigroup lifted their price target on Amphenol from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Wall Street Zen cut Amphenol from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $183.00 target price on shares of Amphenol in a research note on Thursday, January 15th. Twelve investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $151.87.
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.
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