Element Squared LLC reduced its holdings in Amphenol Corporation (NYSE:APH – Free Report) by 21.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,976 shares of the electronics maker’s stock after selling 4,555 shares during the period. Element Squared LLC’s holdings in Amphenol were worth $2,145,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Capital Advisors Inc. OK increased its holdings in Amphenol by 3.4% in the 4th quarter. Capital Advisors Inc. OK now owns 2,067 shares of the electronics maker’s stock worth $279,000 after acquiring an additional 68 shares in the last quarter. Canvas Wealth Advisors LLC lifted its holdings in Amphenol by 3.5% during the fourth quarter. Canvas Wealth Advisors LLC now owns 2,060 shares of the electronics maker’s stock valued at $279,000 after purchasing an additional 70 shares in the last quarter. LOM Asset Management Ltd increased its stake in shares of Amphenol by 16.3% during the fourth quarter. LOM Asset Management Ltd now owns 500 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 70 shares in the last quarter. Seeds Investor LLC lifted its stake in Amphenol by 4.0% in the 4th quarter. Seeds Investor LLC now owns 1,889 shares of the electronics maker’s stock valued at $255,000 after buying an additional 72 shares in the last quarter. Finally, Procyon Advisors LLC boosted its holdings in Amphenol by 2.6% in the 4th quarter. Procyon Advisors LLC now owns 2,871 shares of the electronics maker’s stock worth $388,000 after buying an additional 74 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.
Amphenol Price Performance
APH stock opened at $176.66 on Wednesday. Amphenol Corporation has a 52-week low of $95.19 and a 52-week high of $178.52. The company has a quick ratio of 1.26, a current ratio of 1.71 and a debt-to-equity ratio of 1.18. The stock has a market cap of $217.33 billion, a price-to-earnings ratio of 50.76, a price-to-earnings-growth ratio of 1.46 and a beta of 1.27. The business has a fifty day moving average of $145.76 and a two-hundred day moving average of $141.67.
Amphenol Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, June 23rd. Amphenol’s dividend payout ratio (DPR) is currently 28.74%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on APH shares. Piper Sandler set a $165.00 price objective on Amphenol in a research note on Tuesday, March 17th. Zacks Research downgraded Amphenol from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Seaport Research Partners reaffirmed a “buy” rating and issued a $215.00 price target on shares of Amphenol in a research note on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research report on Monday, April 20th. Finally, Rothschild & Co Redburn increased their price objective on Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.07.
View Our Latest Research Report on Amphenol
Insider Buying and Selling at Amphenol
In related news, CEO Richard Adam Norwitt sold 17,500 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total value of $2,506,175.00. Following the sale, the chief executive officer owned 1,927,507 shares in the company, valued at approximately $276,038,277.47. The trade was a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 130,775 shares of company stock valued at $18,709,350 over the last ninety days. Insiders own 1.42% of the company’s stock.
Amphenol Company 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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