Burney Co. grew its holdings in shares of Amphenol Co. (NYSE:APH – Free Report) by 28.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,929 shares of the electronics maker’s stock after acquiring an additional 4,024 shares during the quarter. Burney Co.’s holdings in Amphenol were worth $1,245,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. State Street Corp lifted its position in shares of Amphenol by 3.0% during the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after acquiring an additional 1,537,880 shares during the last quarter. Geode Capital Management LLC boosted its position in Amphenol by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock worth $1,601,540,000 after acquiring an additional 564,991 shares during the period. Legal & General Group Plc grew its position in Amphenol by 116.6% during the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after purchasing an additional 5,293,292 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Amphenol by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock worth $427,363,000 after acquiring an additional 63,180 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Amphenol by 25.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock worth $347,297,000 after purchasing an additional 1,073,480 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Price Performance
Shares of NYSE APH opened at $69.90 on Friday. The business’s 50 day moving average is $71.99 and its 200-day moving average is $67.72. The firm has a market cap of $84.27 billion, a P/E ratio of 40.17, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. Amphenol Co. has a 1-year low of $47.38 and a 1-year high of $75.78. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53.
Amphenol Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.94%. Amphenol’s payout ratio is presently 37.93%.
Insider Buying and Selling
In other news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at $963,760. This trade represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 in the last 90 days. Insiders own 1.80% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on APH shares. Truist Financial increased their price objective on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Bank of America raised 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. TD Cowen boosted their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Robert W. Baird increased their target price on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Evercore ISI lifted their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five equities research 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.63.
Check Out Our Latest Analysis on APH
Amphenol Company 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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