Keel Point LLC decreased its holdings in Amphenol Co. (NYSE:APH – Free Report) by 7.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,399 shares of the electronics maker’s stock after selling 3,523 shares during the period. Keel Point LLC’s holdings in Amphenol were worth $3,942,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. MCF Advisors LLC grew its holdings in Amphenol by 129.0% in the 1st quarter. MCF Advisors LLC now owns 300 shares of the electronics maker’s stock valued at $25,000 after buying an additional 169 shares in the last quarter. Manitou Investment Management Ltd. acquired a new position in shares of Amphenol in the first quarter valued at about $25,000. Creative Financial Designs Inc. ADV bought a new position in Amphenol during the first quarter worth about $27,000. Aspire Private Capital LLC acquired a new position in shares of Amphenol during the 1st quarter worth approximately $32,688,000,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Amphenol in the first quarter valued at approximately $33,000. 93.46% of the stock is owned by institutional investors and hedge funds.
Amphenol Price Performance
Shares of Amphenol stock traded down $0.39 during midday trading on Tuesday, hitting $85.84. 288,737 shares of the company traded hands, compared to its average volume of 2,515,318. The firm’s fifty day moving average price is $86.67 and its 200-day moving average price is $81.18. The stock has a market cap of $51.20 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 3.36 and a beta of 1.24. Amphenol Co. has a 12 month low of $65.21 and a 12 month high of $90.28. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.60 and a current ratio of 2.33.
Amphenol Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Tuesday, September 19th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Monday, September 18th. Amphenol’s dividend payout ratio is currently 27.36%.
Insiders Place Their Bets
In other news, insider Luc Walter sold 264,962 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $87.32, for a total transaction of $23,136,481.84. Following the completion of the sale, the insider now owns 197,962 shares of the company’s stock, valued at approximately $17,286,041.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Luc Walter sold 264,962 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $87.32, for a total value of $23,136,481.84. Following the transaction, the insider now directly owns 197,962 shares in the company, valued at approximately $17,286,041.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 650,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $87.43, for a total value of $56,829,500.00. Following the completion of the sale, the chief executive officer now directly owns 967,424 shares of the company’s stock, valued at $84,581,880.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,339,962 shares of company stock valued at $117,480,732. 2.22% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of brokerages recently issued reports on APH. Robert W. Baird increased their price target on Amphenol from $89.00 to $100.00 in a research report on Thursday, July 27th. Truist Financial boosted their price target on Amphenol from $93.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. StockNews.com began coverage on shares of Amphenol in a research note on Thursday, August 17th. They set a “hold” rating on the stock. UBS Group boosted their target price on shares of Amphenol from $88.00 to $103.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Finally, Stifel Nicolaus lifted their price objective on shares of Amphenol from $80.00 to $88.00 in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.25.
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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