Advocacy Wealth Management LLC raised its position in Amphenol Corporation (NYSE:APH – Free Report) by 1,611.3% in the fourth quarter, Holdings Channel reports. The fund owned 50,090 shares of the electronics maker’s stock after buying an additional 47,163 shares during the period. Advocacy Wealth Management LLC’s holdings in Amphenol were worth $6,769,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APH. Capital Advisors Inc. OK increased its stake in Amphenol by 3.4% in the 4th quarter. Capital Advisors Inc. OK now owns 2,067 shares of the electronics maker’s stock valued at $279,000 after buying an additional 68 shares during the period. Canvas Wealth Advisors LLC increased its stake in Amphenol by 3.5% in the 4th quarter. Canvas Wealth Advisors LLC now owns 2,060 shares of the electronics maker’s stock valued at $279,000 after buying an additional 70 shares during the period. LOM Asset Management Ltd increased its stake in Amphenol by 16.3% in the 4th quarter. LOM Asset Management Ltd now owns 500 shares of the electronics maker’s stock valued at $68,000 after buying an additional 70 shares during the period. Seeds Investor LLC increased 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 during the period. Finally, Procyon Advisors LLC boosted its position in shares of Amphenol by 2.6% during the 4th quarter. Procyon Advisors LLC now owns 2,871 shares of the electronics maker’s stock worth $388,000 after purchasing an additional 74 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Price Performance
Shares of NYSE APH opened at $143.57 on Tuesday. Amphenol Corporation has a 1-year low of $91.06 and a 1-year high of $167.04. The business has a 50-day moving average of $137.44 and a 200-day moving average of $139.07. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26. The company has a market capitalization of $176.62 billion, a price-to-earnings ratio of 41.26, a PEG ratio of 1.22 and a beta of 1.27.
Amphenol Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s dividend payout ratio is currently 28.74%.
Wall Street Analyst Weigh In
APH has been the topic of several research analyst reports. Evercore restated an “outperform” rating on shares of Amphenol in a research report on Wednesday, May 27th. Piper Sandler set a $165.00 price objective on shares of Amphenol in a research report on Tuesday, March 17th. BNP Paribas Exane boosted their price objective on shares of Amphenol from $195.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Robert W. Baird set a $177.00 target price on shares of Amphenol in a report on Thursday, April 30th. Finally, Citigroup restated a “buy” rating and issued a $180.00 target price (up from $170.00) on shares of Amphenol in a report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $178.07.
Insider Transactions at Amphenol
In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 1,927,507 shares in the company, valued at $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 130,775 shares of company stock worth $18,709,350 in the last 90 days. Corporate insiders own 1.42% of the company’s stock.
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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