Community Financial Services Group LLC raised its stake in Amphenol Corporation (NYSE:APH – Free Report) by 15.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,024 shares of the electronics maker’s stock after purchasing 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).
Several other hedge funds have also modified their holdings of the company. Grant Private Wealth Management Inc acquired a new stake in shares of Amphenol during the third quarter worth about $515,000. DSG Capital Advisors LLC increased its holdings in Amphenol by 230.9% in the 3rd quarter. DSG Capital Advisors LLC now owns 10,688 shares of the electronics maker’s stock worth $1,323,000 after buying an additional 7,458 shares during the period. Oppenheimer Asset Management Inc. raised its position in Amphenol by 10.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 271,766 shares of the electronics maker’s stock worth $33,631,000 after buying an additional 26,175 shares during the last quarter. Regents Gate Capital LLP lifted its stake in Amphenol by 54.8% during the 3rd quarter. Regents Gate Capital LLP now owns 96,908 shares of the electronics maker’s stock valued at $11,992,000 after acquiring an additional 34,289 shares during the period. Finally, Estate Counselors LLC acquired a new stake in Amphenol during the 3rd quarter valued at approximately $3,831,000. 97.01% of the stock is owned by hedge funds and other institutional investors.
Amphenol Price Performance
NYSE:APH 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 company has a 50 day moving average price of $139.90 and a 200-day moving average price of $136.10. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $167.04. The firm has a market cap of $155.22 billion, a price-to-earnings ratio of 37.81, a price-to-earnings-growth ratio of 1.26 and a beta of 1.20.
Amphenol Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, March 23rd. Amphenol’s dividend payout ratio is presently 29.94%.
Insider Activity at Amphenol
In other news, CEO Richard Adam Norwitt sold 515,281 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the sale, the chief executive officer directly owned 1,927,507 shares in the company, valued at $283,863,955.89. This trade represents a 21.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.67% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Barclays reiterated an “overweight” rating and issued a $175.00 price objective (up from $156.00) on shares of Amphenol in a research note on Thursday, January 29th. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, January 21st. US Capital Advisors set a $165.00 price target on shares of Amphenol in a report on Friday, January 9th. Citigroup increased their price target on Amphenol from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $183.00 price objective on shares of Amphenol in a report on Thursday, January 15th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.87.
Check Out Our Latest Stock Report on APH
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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