Eastern Bank lifted its position in shares of Amphenol Corporation (NYSE:APH – Free Report) by 25.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 201,932 shares of the electronics maker’s stock after acquiring an additional 40,903 shares during the period. Eastern Bank’s holdings in Amphenol were worth $35,605,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in APH. Vermillion & White Wealth Management Group LLC lifted its position 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 buying an additional 113 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in Amphenol during the fourth quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Amphenol by 85.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 91 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new position in Amphenol in the fourth quarter valued at approximately $29,000. Finally, HHM Wealth Advisors LLC acquired a new position in Amphenol in the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Trading Up 1.9%
NYSE:APH opened at $163.78 on Tuesday. The stock has a market cap of $201.49 billion, a price-to-earnings ratio of 41.05, a PEG ratio of 1.30 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.41 and a current ratio of 1.89. Amphenol Corporation has a 1 year low of $104.71 and a 1 year high of $178.52. The business has a fifty day moving average of $156.24 and a 200-day moving average of $145.24.
Amphenol Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 23rd. Amphenol’s dividend payout ratio (DPR) is currently 25.06%.
Analyst Ratings Changes
A number of analysts have recently weighed in on APH shares. Robert W. Baird increased their price target on Amphenol from $177.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. upped their price objective on Amphenol from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. The Goldman Sachs Group raised their target price on Amphenol from $184.00 to $201.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Rothschild & Co Redburn boosted their price target on shares of Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Evercore reiterated an “outperform” rating on shares of Amphenol in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $191.67.
Insider Buying and Selling
In other Amphenol news, CEO Richard Adam Norwitt sold 186,104 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $162.27, for a total value of $30,199,096.08. Following the completion of the sale, the chief executive officer directly owned 864,177 shares in the company, valued at $140,230,001.79. This represents a 17.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is currently owned by 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.
Featured Articles
- Five stocks we like better than Amphenol
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corporation (NYSE:APH – Free Report).
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.
