Dai ichi Life Insurance Company Ltd lowered its position in shares of Amphenol Corporation (NYSE:APH – Free Report) by 4.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 176,165 shares of the electronics maker’s stock after selling 8,223 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Amphenol were worth $22,258,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Amphenol by 85.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 91 shares in the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings in shares of Amphenol by 163.8% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 182 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 113 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in Amphenol by 200.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 168 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in Amphenol during the fourth quarter valued at approximately $26,000. Finally, HHM Wealth Advisors LLC bought a new stake in Amphenol during the first quarter worth approximately $27,000. 97.01% of the stock is currently owned by institutional investors.
Amphenol Stock Down 3.1%
Shares of NYSE:APH opened at $152.59 on Friday. The firm has a 50 day simple moving average of $152.74 and a 200 day simple moving average of $144.66. Amphenol Corporation has a 52 week low of $102.76 and a 52 week high of $178.52. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71. The company has a market cap of $187.72 billion, a PE ratio of 43.85, a price-to-earnings-growth ratio of 1.35 and a beta of 1.24.
Amphenol Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Amphenol’s payout ratio is currently 28.74%.
Insiders Place Their Bets
In related news, CEO Richard Adam Norwitt sold 61,072 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $143.90, for a total transaction of $8,788,260.80. Following the transaction, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at approximately $277,368,257.30. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 130,775 shares of company stock worth $18,709,350 over the last quarter. 1.42% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research firms have issued reports on APH. Jefferies Financial Group upped their price target on Amphenol from $165.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, April 30th. UBS Group reissued a “buy” rating and set a $185.00 price objective (up from $178.00) on shares of Amphenol in a research note on Thursday, July 9th. Evercore restated an “outperform” rating on shares of Amphenol in a report on Wednesday, May 27th. Zacks Research raised Amphenol from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $186.00.
View Our Latest Stock Analysis on APH
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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