Swedbank AB lessened its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 22.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,240,447 shares of the electronics maker’s stock after selling 934,043 shares during the quarter. Swedbank AB’s holdings in Amphenol were worth $409,430,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Riggs Asset Managment Co. Inc. boosted its position 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 acquiring an additional 168 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its holdings in Amphenol by 163.8% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 182 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 113 shares during the last quarter. Tucker Asset Management LLC acquired a new stake in Amphenol in the 4th quarter valued at about $26,000. Board of the Pension Protection Fund acquired a new position in shares of Amphenol during the 4th quarter worth approximately $27,000. Finally, HHM Wealth Advisors LLC acquired a new position in shares of Amphenol during the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Amphenol Trading Down 5.5%
Shares of NYSE APH traded down $9.22 during midday trading on Tuesday, reaching $157.59. 1,590,540 shares of the stock were exchanged, compared to its average volume of 10,019,814. The stock has a market capitalization of $193.87 billion, a P/E ratio of 45.33, a PEG ratio of 1.44 and a beta of 1.24. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71. The company has a 50 day simple moving average of $146.71 and a 200 day simple moving average of $142.39. Amphenol Corporation has a twelve month low of $95.19 and a twelve month high of $178.52.
Amphenol Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. Amphenol’s dividend payout ratio is 28.74%.
Analyst Upgrades and Downgrades
APH has been the subject of several recent research reports. Robert W. Baird set a $177.00 price target on Amphenol in a report on Thursday, April 30th. UBS Group reissued a “buy” rating and set a $178.00 price objective (up from $170.00) on shares of Amphenol in a research note on Thursday, April 30th. Rothschild & Co Redburn upped their target price on Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Seaport Research Partners reaffirmed a “buy” rating and issued a $215.00 target price on shares of Amphenol in a research note on Thursday, April 30th. Finally, BNP Paribas Exane lifted their price target on Amphenol from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Fourteen investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.07.
Read Our Latest Research Report on APH
Insider Buying and Selling at Amphenol
In other news, CEO Richard Adam Norwitt sold 61,072 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $143.90, for a total transaction of $8,788,260.80. Following the completion of the transaction, the chief executive officer directly owned 1,927,507 shares in the company, valued at approximately $277,368,257.30. This represents a 3.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 130,775 shares of company stock worth $18,709,350. Corporate insiders own 1.42% of the company’s stock.
About Amphenol
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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