Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Amphenol Co. (NYSE:APH) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,301 shares of the electronics maker’s stock after acquiring an additional 983 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Amphenol were worth $2,538,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Lenox Wealth Advisors LLC increased its holdings in Amphenol by 82.2% in the 3rd quarter. Lenox Wealth Advisors LLC now owns 266 shares of the electronics maker’s stock valued at $26,000 after buying an additional 120 shares during the period. Arrow Financial Corp bought a new position in Amphenol in the 2nd quarter valued at about $31,000. Steward Partners Investment Advisory LLC bought a new position in Amphenol in the 2nd quarter valued at about $37,000. SRS Capital Advisors Inc. bought a new position in Amphenol in the 2nd quarter valued at about $40,000. Finally, FinTrust Capital Advisors LLC increased its holdings in Amphenol by 116.5% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 446 shares of the electronics maker’s stock valued at $43,000 after buying an additional 240 shares during the period. 93.67% of the stock is currently owned by institutional investors and hedge funds.
APH opened at $99.81 on Monday. The company’s 50 day moving average is $93.61 and its 200-day moving average is $94.44. Amphenol Co. has a 1-year low of $74.95 and a 1-year 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 company has a market cap of $29.34 billion, a P/E ratio of 26.47, a PEG ratio of 2.88 and a beta of 1.03.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were paid a $0.25 dividend. This is an increase from Amphenol’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, September 16th. Amphenol’s dividend payout ratio (DPR) is presently 26.53%.
Several research firms have commented on APH. ValuEngine lowered shares of Amphenol from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Morgan Stanley reduced their price target on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Finally, Wells Fargo & Co restated a “buy” rating on shares of Amphenol in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $103.90.
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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