HBK Sorce Advisory LLC lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 5.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,087 shares of the electronics maker’s stock after acquiring an additional 208 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Amphenol were worth $392,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of APH. Weaver Consulting Group bought a new stake in Amphenol in the 1st quarter valued at $26,000. Arrow Financial Corp bought a new stake in Amphenol in the 2nd quarter valued at $31,000. Thor Advisors LLC bought a new stake in Amphenol in the 1st quarter valued at $32,000. Steward Partners Investment Advisory LLC bought a new stake in Amphenol in the 2nd quarter valued at $37,000. Finally, SRS Capital Advisors Inc. bought a new stake in Amphenol in the 2nd quarter valued at $40,000. Institutional investors own 93.72% of the company’s stock.
NYSE APH traded up $0.14 during midday trading on Wednesday, hitting $93.98. The company had a trading volume of 55,186 shares, compared to its average volume of 1,214,611. The company has a market capitalization of $27.91 billion, a PE ratio of 24.93, a P/E/G ratio of 2.74 and a beta of 1.03. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $89.00 and a 200-day moving average price of $94.21. Amphenol Co. has a twelve month low of $74.95 and a twelve month high of $105.51.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, September 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. This is a boost from Amphenol’s previous quarterly dividend of $0.23. Amphenol’s payout ratio is 26.53%.
APH has been the subject of several recent research reports. Longbow Research downgraded Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 price target for the company. in a research note on Monday, June 17th. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Evercore ISI started coverage on Amphenol in a report on Wednesday, June 5th. They issued an “outperform” rating and a $102.00 price objective for the company. Wells Fargo & Co reaffirmed a “buy” rating on shares of Amphenol in a report on Monday, September 16th. Finally, Morgan Stanley dropped their price objective on Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Amphenol currently has a consensus rating of “Buy” and a consensus price target of $104.41.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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