Relyea Zuckerberg Hanson LLC acquired a new stake in Amphenol Co. (NYSE:APH – Free Report) during the 4th quarter, Holdings Channel reports. The fund acquired 3,098 shares of the electronics maker’s stock, valued at approximately $215,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC boosted its position in shares of Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the period. Core Alternative Capital boosted its position in Amphenol by 100.0% during the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 231 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after purchasing an additional 324 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.
Amphenol Stock Performance
Shares of APH stock opened at $69.44 on Friday. The company has a market capitalization of $83.71 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 2.01 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a 52 week low of $47.76 and a 52 week high of $75.78. The company has a 50-day simple moving average of $71.91 and a 200 day simple moving average of $67.73.
Amphenol Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. Amphenol’s payout ratio is presently 37.93%.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Bank of America boosted their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Truist Financial increased their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Robert W. Baird boosted their price target on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. TD Cowen increased their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Citigroup boosted their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $69.79.
Read Our Latest Research Report on APH
Insider Buying and Selling
In related news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total value of $12,925,800.00. Following the completion of the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at $1,005,340. The trade was a 92.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by company insiders.
Amphenol Profile
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.
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