Eagle Asset Management Inc. decreased its position in Amphenol Co. (NYSE:APH) by 0.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 785,920 shares of the electronics maker’s stock after selling 335 shares during the period. Eagle Asset Management Inc. owned 0.27% of Amphenol worth $75,841,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lenox Wealth Advisors LLC raised its stake in Amphenol by 82.2% in the third quarter. Lenox Wealth Advisors LLC now owns 266 shares of the electronics maker’s stock worth $26,000 after buying an additional 120 shares in the last quarter. Arrow Financial Corp bought a new position in Amphenol in the second quarter worth approximately $31,000. Steward Partners Investment Advisory LLC bought a new position in Amphenol in the second quarter worth approximately $37,000. SRS Capital Advisors Inc. bought a new position in Amphenol in the second quarter worth approximately $40,000. Finally, FinTrust Capital Advisors LLC raised its stake in Amphenol by 116.5% in the second quarter. FinTrust Capital Advisors LLC now owns 446 shares of the electronics maker’s stock worth $43,000 after buying an additional 240 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.
Shares of APH stock opened at $102.70 on Friday. The business’s fifty day simple moving average is $98.20 and its 200-day simple moving average is $94.34. The company has a market cap of $30.96 billion, a PE ratio of 27.24, a PEG ratio of 2.98 and a beta of 1.04. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.84. Amphenol Co. has a 12-month low of $74.95 and a 12-month high of $105.51.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, December 16th. Amphenol’s payout ratio is presently 26.53%.
In related news, SVP William J. Doherty sold 72,334 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $100.68, for a total value of $7,282,587.12. Following the transaction, the senior vice president now directly owns 10,400 shares of the company’s stock, valued at approximately $1,047,072. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 60,000 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $101.59, for a total value of $6,095,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,500 shares in the company, valued at $3,403,265. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 577,760 shares of company stock worth $58,686,372. Insiders own 2.60% of the company’s stock.
APH has been the subject of a number of recent research reports. Morgan Stanley reduced their price objective on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Wells Fargo & Co boosted their price objective on shares of Amphenol from $109.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. initiated coverage on shares of Amphenol in a research note on Tuesday, October 22nd. They issued a “neutral” rating and a $104.00 price objective for the company. Finally, ValuEngine downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Amphenol currently has a consensus rating of “Buy” and a consensus 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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