Front Barnett Associates LLC trimmed its stake in Amphenol Co. (NYSE:APH) by 4.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,185 shares of the electronics maker’s stock after selling 2,600 shares during the quarter. Front Barnett Associates LLC’s holdings in Amphenol were worth $5,132,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of APH. Lenox Wealth Advisors LLC grew its holdings in Amphenol by 82.2% in the third quarter. Lenox Wealth Advisors LLC now owns 266 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 120 shares during the period. Arrow Financial Corp acquired a new stake in Amphenol in the second quarter worth $31,000. Steward Partners Investment Advisory LLC acquired a new stake in Amphenol in the second quarter worth $37,000. SRS Capital Advisors Inc. acquired a new stake in Amphenol in the second quarter worth $40,000. Finally, FinTrust Capital Advisors LLC grew its holdings in Amphenol by 116.5% in the second quarter. FinTrust Capital Advisors LLC now owns 446 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 240 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.
Shares of Amphenol stock traded up $0.17 during trading hours on Friday, reaching $102.70. The company’s stock had a trading volume of 789,907 shares, compared to its average volume of 1,346,915. Amphenol Co. has a one year low of $74.95 and a one year high of $105.51. The company has a market capitalization of $30.96 billion, a P/E ratio of 27.24, a P/E/G ratio of 2.98 and a beta of 1.04. The stock’s fifty day simple moving average is $98.20 and its two-hundred day simple moving average is $94.34. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.39 and a current ratio of 1.99.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Monday, December 16th. Amphenol’s dividend payout ratio (DPR) is 26.53%.
In other Amphenol news, CEO Richard Adam Norwitt sold 160,000 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $100.96, for a total value of $16,153,600.00. Following the transaction, the chief executive officer now directly owns 160,000 shares of the company’s stock, valued at $16,153,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lance E. D’amico sold 13,500 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $101.45, for a total transaction of $1,369,575.00. Following the transaction, the vice president now directly owns 17,000 shares in the company, valued at $1,724,650. The disclosure for this sale can be found here. Insiders sold 577,760 shares of company stock worth $58,686,372 over the last ninety days. Insiders own 2.60% of the company’s stock.
A number of equities research analysts have commented on the stock. Morgan Stanley reduced their price target on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. ValuEngine cut shares of Amphenol from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. JPMorgan Chase & Co. started coverage on shares of Amphenol in a report on Tuesday, October 22nd. They issued a “neutral” rating and a $104.00 price target for the company. Finally, Wells Fargo & Co raised their price objective on shares of Amphenol from $109.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $104.79.
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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