Huntington National Bank trimmed its position in shares of Amphenol Co. (NYSE:APH) by 12.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,495 shares of the electronics maker’s stock after selling 2,578 shares during the quarter. Huntington National Bank’s holdings in Amphenol were worth $1,772,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in APH. Chartwell Investment Partners LLC lifted its stake in Amphenol by 11.3% during the second quarter. Chartwell Investment Partners LLC now owns 18,342 shares of the electronics maker’s stock worth $1,757,000 after purchasing an additional 1,865 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Amphenol by 11.1% in the second quarter. State of Michigan Retirement System now owns 75,598 shares of the electronics maker’s stock valued at $7,243,000 after buying an additional 7,546 shares in the last quarter. M&T Bank Corp boosted its position in Amphenol by 29.0% during the second quarter. M&T Bank Corp now owns 112,912 shares of the electronics maker’s stock worth $10,820,000 after purchasing an additional 25,353 shares in the last quarter. Pacer Advisors Inc. boosted its position in Amphenol by 827.7% during the second quarter. Pacer Advisors Inc. now owns 25,114 shares of the electronics maker’s stock worth $2,406,000 after purchasing an additional 22,407 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in shares of Amphenol by 1.1% in the second quarter. Stratos Wealth Partners LTD. now owns 44,702 shares of the electronics maker’s stock valued at $4,283,000 after acquiring an additional 500 shares in the last quarter. Institutional investors and hedge funds own 94.07% of the company’s stock.
Shares of APH stock traded up $0.59 on Friday, reaching $105.76. The stock had a trading volume of 1,181,437 shares, compared to its average volume of 1,408,888. The firm has a market capitalization of $31.56 billion, a price-to-earnings ratio of 29.46, a P/E/G ratio of 4.23 and a beta of 1.27. The company has a quick ratio of 1.82, a current ratio of 2.59 and a debt-to-equity ratio of 0.78. Amphenol Co. has a 12 month low of $63.05 and a 12 month high of $110.24. The firm’s 50-day moving average is $98.16 and its two-hundred day moving average is $92.97.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 7th. Shareholders of record on Tuesday, September 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. Amphenol’s dividend payout ratio is currently 26.74%.
A number of equities research analysts have recently issued reports on the company. reiterated a “sell” rating on shares of Amphenol in a research note on Tuesday, June 9th. Zacks Investment Research upgraded Amphenol from a “sell” rating to a “hold” rating and set a $91.00 target price on the stock in a research report on Monday, April 27th. Morgan Stanley lifted their price target on Amphenol from $101.00 to $106.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Jefferies Financial Group raised their price objective on Amphenol from $119.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, Royal Bank of Canada raised their target price on Amphenol from $94.00 to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $108.50.
In other Amphenol news, VP Lance E. D’amico sold 7,500 shares of Amphenol stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $94.22, for a total value of $706,650.00. Following the completion of the sale, the vice president now directly owns 11,000 shares of the company’s stock, valued at $1,036,420. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Lance E. D’amico sold 5,900 shares of Amphenol stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $102.00, for a total transaction of $601,800.00. Following the completion of the sale, the vice president now directly owns 11,000 shares of the company’s stock, valued at $1,122,000. The disclosure for this sale can be found here. Insiders sold 469,082 shares of company stock worth $48,535,741 in the last 90 days. Company insiders own 2.72% of the company’s stock.
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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