HB Wealth Management LLC raised its position in shares of Amphenol Co. (NYSE:APH – Get Rating) by 75.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,310 shares of the electronics maker’s stock after buying an additional 2,720 shares during the period. HB Wealth Management LLC’s holdings in Amphenol were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of APH. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Amphenol by 838.3% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,281,215 shares of the electronics maker’s stock worth $219,710,000 after buying an additional 2,931,531 shares during the period. Royal Bank of Canada boosted its holdings in Amphenol by 80.4% in the third quarter. Royal Bank of Canada now owns 3,605,904 shares of the electronics maker’s stock valued at $241,452,000 after purchasing an additional 1,607,472 shares during the period. WCM Investment Management LLC boosted its holdings in Amphenol by 12.4% in the third quarter. WCM Investment Management LLC now owns 7,864,068 shares of the electronics maker’s stock valued at $534,128,000 after purchasing an additional 864,981 shares during the period. Renaissance Technologies LLC purchased a new position in Amphenol in the first quarter valued at $46,936,000. Finally, Jensen Investment Management Inc. boosted its holdings in Amphenol by 24.0% in the third quarter. Jensen Investment Management Inc. now owns 2,891,798 shares of the electronics maker’s stock valued at $193,635,000 after purchasing an additional 559,315 shares during the period. 94.01% of the stock is currently owned by hedge funds and other institutional investors.
Amphenol Stock Up 1.3 %
Amphenol stock opened at $81.72 on Friday. The firm has a market cap of $48.59 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 2.96 and a beta of 1.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.42 and a quick ratio of 1.64. Amphenol Co. has a fifty-two week low of $61.67 and a fifty-two week high of $82.86. The firm has a fifty day moving average price of $79.05 and a two-hundred day moving average price of $76.72.
Amphenol Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 12th. Shareholders of record on Tuesday, March 21st will be issued a $0.21 dividend. The ex-dividend date is Monday, March 20th. This represents a $0.84 annualized dividend and a yield of 1.03%. Amphenol’s dividend payout ratio (DPR) is presently 27.45%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on APH shares. Truist Financial raised their price target on Amphenol from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, January 23rd. Robert W. Baird decreased their price target on Amphenol from $93.00 to $91.00 in a research note on Thursday, January 26th. StockNews.com raised Amphenol from a “hold” rating to a “buy” rating in a research note on Sunday, March 19th. Finally, Credit Suisse Group initiated coverage on Amphenol in a research report on Monday, December 12th. They set an “outperform” rating and a $93.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.36.
Insiders Place Their Bets
In other news, insider Jean-Luc Gavelle sold 129,800 shares of the stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $81.64, for a total transaction of $10,596,872.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Jean-Luc Gavelle sold 129,800 shares of the firm’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $81.64, for a total value of $10,596,872.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard Adam Norwitt sold 650,000 shares of the stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $81.72, for a total transaction of $53,118,000.00. Following the completion of the sale, the chief executive officer now owns 967,424 shares of the company’s stock, valued at approximately $79,057,889.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 804,800 shares of company stock worth $65,769,622. Company insiders own 2.10% of the company’s stock.
About Amphenol
Amphenol Corp. engages in the design, manufacture, and marketing of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and specialty cable. Its products include connectors, cable assemblies, sensors, antenna solutions, power distribution, cable, printed circuits, and accessories for connectors and cable.
Featured Articles
- Get a free copy of the StockNews.com research report on Amphenol (APH)
- What is a Gold IRA, and is it a Viable Investment?
- Is Braze, Inc Ready To Rocket Higher?
- Mullen Automotive Makes Deliveries; Short-Squeeze Possible
- Can Frontline Maintain This Momentum?
- Walmart Shares Jump on Evercore Analyst Upgrade
Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.
