Kane Investment Management Inc. boosted its position in Amphenol Corporation (NYSE:APH – Free Report) by 91.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,517 shares of the electronics maker’s stock after acquiring an additional 5,509 shares during the quarter. Kane Investment Management Inc.’s holdings in Amphenol were worth $1,425,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in APH. Financial Management Professionals Inc. grew its holdings in shares of Amphenol by 82.6% during the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 90 shares during the period. Alpine Bank Wealth Management acquired a new position in Amphenol during the third quarter valued at approximately $30,000. Riggs Asset Managment Co. Inc. grew its stake in 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 buying an additional 168 shares during the period. Howard Hughes Medical Institute purchased a new stake in Amphenol during the second quarter worth approximately $26,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of Amphenol in the second quarter worth $31,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Stock Up 2.5%
Shares of Amphenol stock opened at $132.86 on Thursday. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $167.04. The company has a market capitalization of $163.31 billion, a PE ratio of 39.78, a P/E/G ratio of 1.37 and a beta of 1.20. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.98 and a quick ratio of 2.48. The business has a 50-day moving average of $144.60 and a 200-day moving average of $133.46.
Amphenol Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Monday, March 23rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $1.00 annualized dividend and a yield of 0.8%. Amphenol’s dividend payout ratio is currently 29.94%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. UBS Group reissued a “buy” rating and issued a $174.00 price objective (up from $152.00) on shares of Amphenol in a research report on Wednesday, January 14th. US Capital Advisors set a $165.00 price objective on Amphenol in a research note on Friday, January 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $183.00 target price on shares of Amphenol in a research note on Thursday, January 15th. Finally, Evercore reiterated an “outperform” rating and set a $165.00 target price on shares of Amphenol in a report on Tuesday, January 20th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.38.
Read Our Latest Analysis on APH
Insider Transactions at Amphenol
In other news, CEO Richard Adam Norwitt sold 515,281 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $147.27, for a total value of $75,885,432.87. Following the completion of the sale, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at approximately $283,863,955.89. The trade was a 21.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.67% 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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