Savvy Advisors Inc. boosted its position in shares of Amphenol Corporation (NYSE:APH – Free Report) by 34.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,704 shares of the electronics maker’s stock after purchasing an additional 4,490 shares during the period. Savvy Advisors Inc.’s holdings in Amphenol were worth $2,393,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the business. Brighton Jones LLC grew its holdings in shares of Amphenol by 114.0% during the fourth 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 in the last quarter. Revolve Wealth Partners LLC lifted its stake in Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock worth $701,000 after acquiring an additional 4,721 shares in the last quarter. Bison Wealth LLC boosted its position in 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 acquiring an additional 618 shares during the period. Fisher Asset Management LLC purchased a new position in Amphenol during the 2nd quarter valued at about $413,000. Finally, Guggenheim Capital LLC increased its holdings in shares of Amphenol by 9.0% in the 2nd quarter. Guggenheim Capital LLC now owns 29,559 shares of the electronics maker’s stock valued at $2,919,000 after purchasing an additional 2,430 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Amphenol Trading Up 0.0%
NYSE:APH opened at $128.05 on Monday. The company has a market capitalization of $157.40 billion, a P/E ratio of 38.34, a P/E/G ratio of 1.35 and a beta of 1.25. The stock’s 50 day moving average price is $138.42 and its 200 day moving average price is $136.29. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.48 and a current ratio of 2.98. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $167.04.
Amphenol Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 23rd. Amphenol’s dividend payout ratio is presently 29.94%.
Insiders Place Their Bets
In other Amphenol 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.67% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
APH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $160.00 to $185.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $183.00 price objective on shares of Amphenol in a research note on Thursday, January 15th. Evercore reiterated an “outperform” rating on shares of Amphenol in a research report on Tuesday, March 17th. Barclays restated an “overweight” rating and set a $175.00 price target (up from $156.00) on shares of Amphenol in a report on Thursday, January 29th. Finally, Wall Street Zen downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.87.
Check Out Our Latest Stock Analysis on Amphenol
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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