Sargent Investment Group LLC purchased a new position in shares of Amphenol Corporation (NYSE:APH – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,800 shares of the electronics maker’s stock, valued at approximately $514,000.
A number of other institutional investors and hedge funds have also made changes to their positions in APH. Riggs Asset Managment Co. Inc. increased its stake in shares of Amphenol by 200.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 168 shares during the period. Tucker Asset Management LLC acquired a new position in shares of Amphenol during the fourth quarter worth about $26,000. Board of the Pension Protection Fund acquired a new position in shares of Amphenol during the fourth quarter worth about $27,000. Lloyd Advisory Services LLC. acquired a new position in shares of Amphenol during the fourth quarter worth about $29,000. Finally, Tacita Capital Inc increased its stake in shares of Amphenol by 145.6% during the fourth quarter. Tacita Capital Inc now owns 221 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 131 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Stock Up 3.3%
APH stock opened at $158.94 on Tuesday. The company has a market cap of $195.54 billion, a P/E ratio of 45.67, a P/E/G ratio of 1.35 and a beta of 1.27. Amphenol Corporation has a 52 week low of $92.22 and a 52 week high of $167.04. The company’s 50-day moving average price is $140.32 and its 200 day moving average price is $139.73. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18.
Amphenol Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. Amphenol’s dividend payout ratio is 28.74%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on APH. Seaport Research Partners reiterated a “buy” rating and set a $215.00 price target on shares of Amphenol in a research note on Thursday, April 30th. Jefferies Financial Group boosted their price objective on shares of Amphenol from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Zacks Research downgraded shares of Amphenol from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. 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 report on Thursday, May 28th. Finally, Wall Street Zen downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $178.07.
Read Our Latest Stock Report on Amphenol
Insider Activity
In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total value of $2,506,175.00. Following the sale, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 130,775 shares of company stock valued at $18,709,350 over the last quarter. 1.42% of the stock is owned by corporate insiders.
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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