Donaldson Capital Management LLC boosted its stake in shares of Amphenol Co. (NYSE:APH) by 20.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,680 shares of the electronics maker’s stock after buying an additional 452 shares during the quarter. Donaldson Capital Management LLC’s holdings in Amphenol were worth $259,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Lenox Wealth Advisors LLC lifted its holdings in Amphenol by 82.2% during 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 in the last quarter. Arrow Financial Corp bought a new stake in Amphenol during the 2nd quarter valued at about $31,000. Steward Partners Investment Advisory LLC bought a new stake in Amphenol during the 2nd quarter valued at about $37,000. SRS Capital Advisors Inc. bought a new stake in Amphenol during the 2nd quarter valued at about $40,000. Finally, FinTrust Capital Advisors LLC lifted its holdings in Amphenol by 116.5% during 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 in the last quarter. Institutional investors own 93.93% of the company’s stock.
NYSE APH opened at $102.70 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.39 and a current ratio of 1.99. The company has a market capitalization of $30.96 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 2.98 and a beta of 1.04. The company’s 50-day simple moving average is $98.20 and its two-hundred day simple moving average is $94.34. Amphenol Co. has a one year low of $74.95 and a one year high of $105.51.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Monday, December 16th. Amphenol’s payout ratio is currently 26.53%.
In other news, CEO Richard Adam Norwitt sold 160,000 shares of Amphenol stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $100.96, for a total value of $16,153,600.00. Following the transaction, the chief executive officer now owns 160,000 shares of the company’s stock, valued at approximately $16,153,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP William J. Doherty sold 72,334 shares of Amphenol stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $100.68, for a total transaction of $7,282,587.12. Following the completion of the transaction, the senior vice president now directly owns 10,400 shares in the company, valued at approximately $1,047,072. The disclosure for this sale can be found here. In the last ninety days, insiders sold 577,760 shares of company stock worth $58,686,372. Insiders own 2.60% of the company’s stock.
A number of research firms have commented on APH. Wells Fargo & Co raised their target price on shares of Amphenol from $109.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. ValuEngine downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. began coverage on shares of Amphenol in a research report on Tuesday, October 22nd. They set a “neutral” rating and a $104.00 target price on the stock. Finally, Morgan Stanley cut their target price on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $104.79.
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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