Lenox Wealth Advisors LLC lifted its position in shares of Amphenol Co. (NYSE:APH) by 82.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 266 shares of the electronics maker’s stock after purchasing an additional 120 shares during the period. Lenox Wealth Advisors LLC’s holdings in Amphenol were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Raymond James & Associates increased its stake in Amphenol by 20.2% during the 1st quarter. Raymond James & Associates now owns 40,125 shares of the electronics maker’s stock worth $3,789,000 after acquiring an additional 6,750 shares during the period. First Trust Advisors LP increased its stake in Amphenol by 138.3% during the 1st quarter. First Trust Advisors LP now owns 746,249 shares of the electronics maker’s stock worth $70,476,000 after acquiring an additional 433,038 shares during the period. Fiera Capital Corp increased its stake in Amphenol by 2.0% during the 1st quarter. Fiera Capital Corp now owns 5,828 shares of the electronics maker’s stock worth $551,000 after acquiring an additional 115 shares during the period. MML Investors Services LLC increased its stake in Amphenol by 16.2% during the 1st quarter. MML Investors Services LLC now owns 9,867 shares of the electronics maker’s stock worth $932,000 after acquiring an additional 1,372 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in Amphenol by 36.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 1,058 shares of the electronics maker’s stock worth $99,000 after acquiring an additional 280 shares during the period. Institutional investors own 93.72% of the company’s stock.
Shares of APH traded up $0.89 during midday trading on Friday, hitting $95.51. The company’s stock had a trading volume of 380,948 shares, compared to its average volume of 1,418,413. Amphenol Co. has a one year low of $74.95 and a one year high of $105.51. The company’s fifty day simple moving average is $90.46 and its two-hundred day simple moving average is $94.29. The company has a quick ratio of 1.44, a current ratio of 2.06 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 2.78 and a beta of 1.03.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be paid a $0.25 dividend. This is a positive change from Amphenol’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 16th. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. Amphenol’s dividend payout ratio (DPR) is presently 26.53%.
A number of research firms have commented on APH. Wells Fargo & Co restated a “buy” rating on shares of Amphenol in a research note on Monday, September 16th. ValuEngine lowered Amphenol from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Morgan Stanley lowered their price objective on Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Finally, Longbow Research lowered Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 price objective on the stock. in a research note on Monday, June 17th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Amphenol has a consensus rating of “Buy” and a consensus price target 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.
Further Reading: Why is the ex-dividend date different from the record date?
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