Victory Capital Management Inc. increased its stake in shares of Amphenol Co. (NYSE:APH) by 80.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 829,640 shares of the electronics maker’s stock after purchasing an additional 370,273 shares during the period. Victory Capital Management Inc.’s holdings in Amphenol were worth $79,596,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Weaver Consulting Group purchased a new stake in Amphenol during the 1st quarter worth about $26,000. Arrow Financial Corp purchased a new stake in shares of Amphenol in the 2nd quarter valued at about $31,000. Thor Advisors LLC purchased a new stake in shares of Amphenol in the 1st quarter valued at about $32,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Amphenol in the 2nd quarter valued at about $37,000. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Amphenol in the 2nd quarter valued at about $40,000. 93.72% of the stock is owned by hedge funds and other institutional investors.
Shares of Amphenol stock traded down $0.45 on Tuesday, hitting $93.19. The stock had a trading volume of 66,461 shares, compared to its average volume of 1,214,611. Amphenol Co. has a 52-week low of $74.95 and a 52-week high of $105.51. The company has a current ratio of 2.06, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The stock has a market cap of $28.03 billion, a price-to-earnings ratio of 24.75, a P/E/G ratio of 2.74 and a beta of 1.03. The company’s 50 day moving average price is $88.91 and its 200 day moving average price is $94.22.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, September 16th. This is an increase from Amphenol’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.07%. Amphenol’s dividend payout ratio is currently 26.53%.
Several research firms have recently weighed in on APH. Morgan Stanley reduced their target price on Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Longbow Research downgraded Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 target price for the company. in a report on Monday, June 17th. Wells Fargo & Co reissued a “buy” rating on shares of Amphenol in a report on Monday, September 16th. ValuEngine downgraded Amphenol from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Evercore ISI began coverage on Amphenol in a report on Wednesday, June 5th. They issued an “outperform” rating and a $102.00 target price for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Amphenol presently has an average rating of “Buy” and a consensus target price of $104.41.
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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