Howe & Rusling Inc. lowered its position in shares of Amphenol Corporation (NYSE:APH – Free Report) by 4.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 70,181 shares of the electronics maker’s stock after selling 3,239 shares during the quarter. Howe & Rusling Inc.’s holdings in Amphenol were worth $9,484,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. lifted its position in Amphenol by 200.0% during the 2nd 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 period. Tucker Asset Management LLC acquired a new stake in Amphenol during the 4th quarter worth about $26,000. Board of the Pension Protection Fund acquired a new stake in Amphenol during the 4th quarter worth about $27,000. Lloyd Advisory Services LLC. acquired a new stake in Amphenol during the 4th quarter worth about $29,000. Finally, Tacita Capital Inc lifted its position in Amphenol by 145.6% during the 4th quarter. Tacita Capital Inc now owns 221 shares of the electronics maker’s stock worth $30,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Stock Performance
NYSE APH opened at $158.86 on Wednesday. The stock has a 50-day simple moving average of $140.93 and a two-hundred day simple moving average of $139.87. The firm has a market capitalization of $195.43 billion, a P/E ratio of 45.65, a PEG ratio of 1.39 and a beta of 1.27. Amphenol Corporation has a fifty-two week low of $92.22 and a fifty-two week high of $167.04. 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol’s dividend payout ratio (DPR) is presently 28.74%.
Insider Buying and Selling at Amphenol
In other Amphenol news, CEO Richard Adam Norwitt sold 61,072 shares of Amphenol stock in a transaction dated 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 owned 1,927,507 shares in the company, valued at approximately $277,368,257.30. This trade represents a 3.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 130,775 shares of company stock worth $18,709,350. Company insiders own 1.42% of the company’s stock.
Analyst Ratings Changes
APH has been the subject of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research report on Monday, April 20th. UBS Group reaffirmed a “buy” rating and set a $178.00 price target (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. Rothschild & Co Redburn lifted their price target on Amphenol from $160.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird set a $177.00 price target on Amphenol in a research report on Thursday, April 30th. Finally, Zacks Research cut Amphenol from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $178.07.
Check Out Our Latest Stock Report on APH
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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