Sagespring Wealth Partners LLC raised its holdings in Amphenol Corporation (NYSE:APH – Free Report) by 40.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 19,523 shares of the electronics maker’s stock after buying an additional 5,612 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Amphenol were worth $1,928,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Motive Wealth Advisors bought a new stake in shares of Amphenol during the second quarter valued at approximately $215,000. LeConte Wealth Management LLC bought a new stake in shares of Amphenol during the second quarter valued at approximately $399,000. Perigon Wealth Management LLC boosted its position in shares of Amphenol by 29.4% during the first quarter. Perigon Wealth Management LLC now owns 17,438 shares of the electronics maker’s stock valued at $1,144,000 after purchasing an additional 3,964 shares in the last quarter. City Center Advisors LLC bought a new stake in shares of Amphenol during the second quarter valued at approximately $482,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Amphenol by 25.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 27,711 shares of the electronics maker’s stock valued at $2,736,000 after purchasing an additional 5,630 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.
Amphenol Stock Down 0.9%
APH stock opened at $122.74 on Wednesday. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $127.50. The business has a fifty day moving average price of $116.38 and a 200-day moving average price of $97.07. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. The stock has a market capitalization of $149.86 billion, a P/E ratio of 48.90, a P/E/G ratio of 1.99 and a beta of 1.17.
Amphenol Dividend Announcement
The company also recently disclosed 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 was Tuesday, September 16th. Amphenol’s dividend payout ratio is 26.29%.
Analysts Set New Price Targets
Several research firms recently weighed in on APH. KGI Securities began coverage on Amphenol in a research report on Thursday, June 26th. They set a “hold” rating on the stock. Truist Financial boosted their target price on Amphenol from $102.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. Robert W. Baird set a $139.00 target price on Amphenol and gave the stock an “outperform” rating in a report on Friday. Finally, Evercore ISI boosted their target price on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $114.43.
Get Our Latest Stock Analysis on APH
Insider Transactions at Amphenol
In related news, insider William J. Doherty sold 113,000 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $110.29, for a total transaction of $12,462,770.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 100,000 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.42, for a total value of $11,042,000.00. Following the sale, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,380,250. This trade represents a 88.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 665,924 shares of company stock worth $73,369,357 in the last three months. 1.67% of the stock is owned by insiders.
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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