Perennial Investment Advisors LLC bought a new stake in shares of Amphenol Corporation (NYSE:APH – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,273 shares of the electronics maker’s stock, valued at approximately $224,000.
A number of other large investors also recently bought and sold shares of APH. Opal Wealth Advisors LLC purchased a new stake in shares of Amphenol during the second quarter valued at $25,000. Avalon Trust Co lifted its holdings in Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after buying an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Amphenol in the 1st quarter valued at about $28,000. Saudi Central Bank bought a new position in Amphenol in the 1st quarter worth about $31,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Amphenol during the first quarter worth approximately $33,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Amphenol Stock Performance
Shares of APH stock opened at $136.42 on Thursday. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $144.37. The business’s fifty day simple moving average is $129.13 and its 200-day simple moving average is $109.50. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. The company has a market cap of $166.99 billion, a PE ratio of 45.47, a PEG ratio of 1.58 and a beta of 1.20.
Amphenol Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be issued a $0.25 dividend. This is an increase from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 16th. Amphenol’s dividend payout ratio is 33.33%.
Insider Activity
In related news, insider Luc Walter sold 365,118 shares of the company’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $134.65, for a total value of $49,163,138.70. Following the transaction, the insider directly owned 433,742 shares of the company’s stock, valued at $58,403,360.30. This represents a 45.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David M. Silverman sold 120,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total value of $16,940,400.00. Following the completion of the transaction, the vice president owned 12,500 shares of the company’s stock, valued at $1,764,625. This trade represents a 90.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,323,118 shares of company stock valued at $174,426,462. 1.67% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
APH has been the subject of a number of research reports. Robert W. Baird set a $139.00 price target on Amphenol and gave the company an “outperform” rating in a report on Friday, October 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Citigroup boosted their price objective on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Barclays increased their target price on Amphenol from $120.00 to $143.00 and gave the company an “equal weight” rating in a research report on Thursday, November 13th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $131.54.
Check Out Our Latest Analysis on APH
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.
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