Daiwa Securities Group Inc. decreased its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 262,094 shares of the electronics maker’s stock after selling 6,051 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Amphenol were worth $35,425,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Advisors Inc. OK boosted its holdings in Amphenol by 3.4% in the fourth quarter. Capital Advisors Inc. OK now owns 2,067 shares of the electronics maker’s stock valued at $279,000 after acquiring an additional 68 shares during the last quarter. Canvas Wealth Advisors LLC boosted its holdings in Amphenol by 3.5% in the fourth quarter. Canvas Wealth Advisors LLC now owns 2,060 shares of the electronics maker’s stock valued at $279,000 after acquiring an additional 70 shares during the last quarter. LOM Asset Management Ltd boosted its holdings in Amphenol by 16.3% in the fourth quarter. LOM Asset Management Ltd now owns 500 shares of the electronics maker’s stock valued at $68,000 after acquiring an additional 70 shares during the last quarter. Seeds Investor LLC boosted its holdings in Amphenol by 4.0% in the fourth quarter. Seeds Investor LLC now owns 1,889 shares of the electronics maker’s stock valued at $255,000 after acquiring an additional 72 shares during the last quarter. Finally, Procyon Advisors LLC boosted its holdings in Amphenol by 2.6% in the fourth quarter. Procyon Advisors LLC now owns 2,871 shares of the electronics maker’s stock valued at $388,000 after acquiring an additional 74 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Trading Down 0.6%
NYSE:APH opened at $146.77 on Friday. The business’s 50-day moving average is $136.82 and its two-hundred day moving average is $138.94. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26. Amphenol Corporation has a 12 month low of $91.06 and a 12 month high of $167.04. The firm has a market capitalization of $180.56 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27.
Amphenol Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is currently 28.74%.
Wall Street Analysts Forecast Growth
APH has been the topic of a number of research analyst reports. Evercore reiterated an “outperform” rating on shares of Amphenol in a report on Wednesday, May 27th. BNP Paribas Exane lifted their target price on Amphenol from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Jefferies Financial Group raised their price objective on Amphenol from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. UBS Group reissued a “buy” rating and issued a $178.00 price objective (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. Finally, Zacks Research lowered Amphenol from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Fourteen investment 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, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.87.
Get Our Latest Stock Analysis on Amphenol
Insider Buying and Selling at Amphenol
In other news, CEO Richard Adam Norwitt sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the completion of the sale, the chief executive officer directly owned 1,927,507 shares in the company, valued at $276,038,277.47. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 130,775 shares of company stock worth $18,709,350 in the last three months. 1.42% of the stock is owned by company insiders.
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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