Stratos Wealth Partners LTD. cut its position in shares of Amphenol Corporation (NYSE:APH – Free Report) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 214,896 shares of the electronics maker’s stock after selling 8,058 shares during the period. Stratos Wealth Partners LTD.’s holdings in Amphenol were worth $29,041,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Financial Management Professionals Inc. increased its position in Amphenol by 82.6% during the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 90 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its position in Amphenol by 200.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after buying an additional 168 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in Amphenol during the second quarter worth approximately $26,000. Board of the Pension Protection Fund purchased a new stake in Amphenol during the fourth quarter worth approximately $27,000. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Amphenol in the third quarter worth $30,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
Amphenol Stock Performance
APH stock opened at $128.05 on Friday. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $167.04. The company has a market capitalization of $157.40 billion, a P/E ratio of 38.34, a PEG ratio of 1.35 and a beta of 1.25. The company has a 50-day simple moving average of $138.42 and a 200 day simple moving average of $136.05. The company has a quick ratio of 2.48, a current ratio of 2.98 and a debt-to-equity ratio of 1.08.
Amphenol Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Monday, March 23rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $1.00 annualized dividend and a yield of 0.8%. Amphenol’s dividend payout ratio is currently 29.94%.
Insider Buying and Selling
In related news, CEO Richard Adam Norwitt sold 515,281 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the completion of the sale, the chief executive officer directly owned 1,927,507 shares in the company, valued at approximately $283,863,955.89. This trade represents a 21.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.67% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts recently weighed in on APH shares. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on Amphenol from $160.00 to $185.00 and gave the company an “overweight” rating in a research report on Tuesday, January 27th. Fox Advisors reiterated an “outperform” rating on shares of Amphenol in a report on Friday, January 9th. UBS Group reissued a “buy” rating and set a $174.00 price target (up from $152.00) on shares of Amphenol in a research report on Wednesday, January 14th. Finally, Citigroup lifted their price target on shares of Amphenol from $175.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Twelve equities research 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.87.
View Our Latest Stock Report on Amphenol
Amphenol Company Profile
Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.
Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.
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