Amphenol Co. (NYSE:APH) Shares Purchased by Ethic Inc.
by Amy Steele · The Cerbat GemEthic Inc. grew its position in shares of Amphenol Co. (NYSE:APH – Free Report) by 109.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,041 shares of the electronics maker’s stock after purchasing an additional 50,730 shares during the period. Ethic Inc.’s holdings in Amphenol were worth $6,740,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of APH. Princeton Global Asset Management LLC boosted its holdings in shares of Amphenol by 0.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock valued at $1,634,000 after buying an additional 136 shares during the period. WASHINGTON TRUST Co grew its holdings in shares of Amphenol by 23.0% during the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 147 shares during the last quarter. Fragasso Financial Advisors Inc raised its position in shares of Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock worth $266,000 after purchasing an additional 171 shares during the period. Newbridge Financial Services Group Inc. lifted its holdings in shares of Amphenol by 3.3% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock worth $381,000 after purchasing an additional 173 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its position in Amphenol by 3.5% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,219 shares of the electronics maker’s stock valued at $363,000 after purchasing an additional 177 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider William J. Doherty sold 126,000 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.28, for a total transaction of $10,115,280.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Silverman sold 87,500 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $80.03, for a total transaction of $7,002,625.00. Following the completion of the transaction, the vice president now owns 12,500 shares in the company, valued at approximately $1,000,375. This represents a 87.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,178,500 shares of company stock worth $241,903,805 over the last quarter. Corporate insiders own 1.67% of the company’s stock.
Amphenol Stock Performance
APH opened at $80.78 on Friday. The business has a fifty day simple moving average of $68.09 and a 200-day simple moving average of $69.83. The firm has a market cap of $97.71 billion, a PE ratio of 42.18, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a fifty-two week low of $54.77 and a fifty-two week high of $81.82.
Amphenol (NYSE:APH – Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.20 billion. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s revenue for the quarter was up 47.7% compared to the same quarter last year. As a group, equities analysts predict that Amphenol Co. will post 2.36 EPS for the current fiscal year.
Amphenol Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.82%. The ex-dividend date is Tuesday, June 17th. Amphenol’s dividend payout ratio (DPR) is currently 32.04%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. US Capital Advisors set a $85.00 price target on shares of Amphenol in a research report on Thursday, April 24th. Fox Advisors upgraded Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target for the company in a research report on Thursday, April 24th. UBS Group reissued a “buy” rating and set a $85.00 price target (up from $78.00) on shares of Amphenol in a report on Thursday, April 24th. TD Securities increased their target price on shares of Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, May 1st. Finally, Bank of America raised their target price on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $81.62.
View Our Latest Analysis on APH
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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