ING Groep NV decreased its stake in shares of Amphenol Corporation (NYSE:APH – Free Report) by 58.9% in the third quarter, Holdings Channel.com reports. The fund owned 132,136 shares of the electronics maker’s stock after selling 189,124 shares during the period. ING Groep NV’s holdings in Amphenol were worth $16,352,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. SYM FINANCIAL Corp lifted its holdings in shares of Amphenol by 0.9% in the 3rd quarter. SYM FINANCIAL Corp now owns 9,266 shares of the electronics maker’s stock worth $1,147,000 after acquiring an additional 82 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in Amphenol by 9.4% in the third quarter. Bruce G. Allen Investments LLC now owns 975 shares of the electronics maker’s stock worth $121,000 after purchasing an additional 84 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in Amphenol by 82.6% in the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 90 shares during the last quarter. Allen Capital Group LLC grew its stake in shares of Amphenol by 3.2% during the third quarter. Allen Capital Group LLC now owns 3,012 shares of the electronics maker’s stock valued at $373,000 after buying an additional 92 shares during the last quarter. Finally, Bell Investment Advisors Inc raised its holdings in shares of Amphenol by 19.2% in the second quarter. Bell Investment Advisors Inc now owns 591 shares of the electronics maker’s stock worth $58,000 after buying an additional 95 shares during the period. 97.01% of the stock is currently owned by institutional investors.
Amphenol Stock Performance
Shares of Amphenol stock opened at $144.31 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.48 and a current ratio of 2.98. Amphenol Corporation has a one year low of $56.45 and a one year high of $167.04. The business’s 50 day moving average price is $141.54 and its 200 day moving average price is $129.58. The company has a market cap of $176.65 billion, a price-to-earnings ratio of 43.21, a PEG ratio of 1.52 and a beta of 1.20.
Amphenol Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, March 23rd. Amphenol’s dividend payout ratio (DPR) is 29.94%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on APH. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, October 15th. Wall Street Zen downgraded shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Evercore reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Amphenol in a research report on Tuesday, January 20th. Citigroup increased their price target on Amphenol from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Finally, UBS Group reiterated a “buy” rating and set a $174.00 price objective (up from $152.00) on shares of Amphenol in a research note on Wednesday, January 14th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and an average price target of $151.38.
Check Out Our Latest Stock Report on Amphenol
Insider Activity
In other news, insider William J. Doherty sold 80,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total value of $11,360,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.67% of the company’s stock.
Amphenol Profile
Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.
Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.
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