Whittier Trust Co. of Nevada Inc. boosted its position in Amphenol Corporation (NYSE:APH – Free Report) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,510 shares of the electronics maker’s stock after purchasing an additional 1,478 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Amphenol were worth $10,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of APH. T. Rowe Price Investment Management Inc. lifted its stake in Amphenol by 196.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock worth $1,098,190,000 after purchasing an additional 11,092,282 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Amphenol by 639.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock worth $574,500,000 after buying an additional 7,573,750 shares during the last quarter. Nuveen LLC bought a new position in shares of Amphenol in the 1st quarter worth $476,842,000. Wellington Management Group LLP increased its holdings in shares of Amphenol by 73.5% in the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock worth $798,163,000 after buying an additional 5,154,860 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Amphenol by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock worth $10,166,370,000 after buying an additional 2,870,933 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
Amphenol Trading Up 1.6%
Shares of APH opened at $127.71 on Tuesday. The firm’s 50-day moving average price is $117.76 and its 200-day moving average price is $99.04. The firm has a market capitalization of $155.92 billion, a price-to-earnings ratio of 50.88, a PEG ratio of 1.64 and a beta of 1.17. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $128.12.
Amphenol Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 16th. Amphenol’s dividend payout ratio (DPR) is 26.29%.
Analysts Set New Price Targets
APH has been the topic of a number of research analyst reports. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a report on Friday, July 11th. Evercore ISI increased their price target on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. The Goldman Sachs Group set a $139.00 target price on shares of Amphenol and gave the company a “buy” rating in a report on Monday, September 29th. UBS Group set a $120.00 price target on shares of Amphenol in a research report on Tuesday, October 7th. Finally, Barclays started coverage on shares of Amphenol in a research report on Wednesday, October 8th. They set an “equal weight” rating and a $120.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.
View Our Latest Analysis on APH
Insider Buying and Selling at Amphenol
In related news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the completion of the transaction, the vice president directly owned 76,400 shares of the company’s stock, valued at $8,449,840. This trade represents a 56.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 199,848 shares of Amphenol stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.43, for a total transaction of $22,069,214.64. Following the transaction, the chief financial officer directly owned 125,695 shares of the company’s stock, valued at approximately $13,880,498.85. This trade represents a 61.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 665,924 shares of company stock valued at $73,369,357. Insiders own 1.67% of the company’s stock.
About Amphenol
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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