Bank of Montreal Can raised its position in Amphenol Corporation (NYSE:APH – Free Report) by 0.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,946,483 shares of the electronics maker’s stock after buying an additional 7,931 shares during the quarter. Bank of Montreal Can owned about 0.16% of Amphenol worth $240,877,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock valued at $1,224,000 after buying an additional 9,390 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock worth $701,000 after purchasing an additional 4,721 shares in the last quarter. Bison Wealth LLC boosted its position in shares of Amphenol by 8.3% during the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock worth $559,000 after purchasing an additional 618 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of Amphenol by 76.8% during the 2nd quarter. AE Wealth Management LLC now owns 13,489 shares of the electronics maker’s stock worth $1,332,000 after purchasing an additional 5,859 shares during the period. Finally, Prospera Financial Services Inc increased its holdings in shares of Amphenol by 169.8% in the 2nd quarter. Prospera Financial Services Inc now owns 23,459 shares of the electronics maker’s stock valued at $2,317,000 after purchasing an additional 14,763 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Stock Up 0.5%
APH stock opened at $136.80 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 company’s 50 day simple moving average is $144.44 and its 200-day simple moving average is $134.35. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $167.04. The firm has a market capitalization of $168.16 billion, a PE ratio of 40.96, a P/E/G ratio of 1.44 and a beta of 1.20.
Amphenol Announces Dividend
The business also recently disclosed 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 0.7%. The ex-dividend date is Monday, March 23rd. Amphenol’s dividend payout ratio (DPR) is currently 29.94%.
Wall Street Analyst Weigh In
A number of analysts recently commented on APH shares. Citigroup boosted their price objective on shares of Amphenol from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Evercore reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Amphenol in a report on Tuesday, January 20th. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $160.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, January 27th. The Goldman Sachs Group restated a “buy” rating and issued a $183.00 price target on shares of Amphenol in a report on Thursday, January 15th. Finally, Truist Financial set a $182.00 price objective on Amphenol in a research note on Tuesday, January 13th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.38.
Read Our Latest Analysis on APH
Insiders Place Their Bets
In related news, CEO Richard Adam Norwitt sold 515,281 shares of the business’s 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 transaction, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at approximately $283,863,955.89. The trade was a 21.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.67% 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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