WealthPlan Investment Management LLC purchased a new stake in shares of Amphenol Corporation (NYSE:APH – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,682 shares of the electronics maker’s stock, valued at approximately $633,000.
Other large investors also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. lifted its position 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 valued at $25,000 after purchasing an additional 168 shares in the last quarter. Board of the Pension Protection Fund purchased a new stake in Amphenol during the fourth quarter worth about $27,000. Towne Trust Company N.A purchased a new stake in Amphenol during the fourth quarter worth about $34,000. Laurel Wealth Advisors LLC purchased a new stake in Amphenol during the fourth quarter worth about $34,000. Finally, Cloud Capital Management LLC purchased a new stake in Amphenol during the third quarter worth about $38,000. 97.01% of the stock is owned by institutional investors.
Amphenol Trading Up 0.1%
Amphenol stock opened at $125.14 on Monday. The stock has a market cap of $153.95 billion, a P/E ratio of 35.96, a PEG ratio of 1.09 and a beta of 1.29. Amphenol Corporation has a fifty-two week low of $83.44 and a fifty-two week high of $167.04. The firm’s fifty day moving average price is $135.57 and its 200-day moving average price is $139.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71.
Amphenol Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a yield of 0.8%. Amphenol’s dividend payout ratio (DPR) is currently 28.74%.
Insider Buying and Selling
In other Amphenol news, CEO Richard Adam Norwitt sold 61,072 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $143.90, for a total value of $8,788,260.80. Following the completion of the transaction, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at $277,368,257.30. The trade was a 3.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 130,775 shares of company stock valued at $18,709,350. 1.42% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on APH shares. Wall Street Zen downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. UBS Group reiterated a “buy” rating and issued a $178.00 target price (up from $170.00) on shares of Amphenol in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Piper Sandler set a $165.00 target price on shares of Amphenol in a research note on Tuesday, March 17th. Finally, Barclays reiterated an “overweight” rating and issued a $180.00 target price (up from $175.00) on shares of Amphenol in a research note on Monday, May 4th. Thirteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $176.53.
Get Our Latest Stock Report on APH
Amphenol 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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