State Street Corp increased its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 1.6% in the fourth quarter, Holdings Channel reports. The firm owned 56,913,598 shares of the electronics maker’s stock after acquiring an additional 888,526 shares during the period. State Street Corp’s holdings in Amphenol were worth $7,705,440,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Generali Asset Management SPA SGR lifted its stake in Amphenol by 20.2% in the fourth quarter. Generali Asset Management SPA SGR now owns 87,072 shares of the electronics maker’s stock valued at $11,767,000 after buying an additional 14,612 shares during the last quarter. Regents Gate Capital LLP increased its holdings in shares of Amphenol by 54.8% during the third quarter. Regents Gate Capital LLP now owns 96,908 shares of the electronics maker’s stock valued at $11,992,000 after purchasing an additional 34,289 shares during the period. Praxis Investment Management Inc. lifted its holdings in Amphenol by 86.3% in the fourth quarter. Praxis Investment Management Inc. now owns 26,986 shares of the electronics maker’s stock worth $3,647,000 after purchasing an additional 12,502 shares during the period. Principal Financial Group Inc. grew its position in Amphenol by 2.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,750,490 shares of the electronics maker’s stock valued at $371,704,000 after buying an additional 70,938 shares in the last quarter. Finally, CGN Advisors LLC bought a new position in Amphenol in the 4th quarter valued at about $1,592,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
Amphenol Stock Up 1.0%
Shares of Amphenol stock opened at $153.97 on Friday. The firm has a market cap of $189.42 billion, a price-to-earnings ratio of 44.24, a P/E/G ratio of 1.33 and a beta of 1.27. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26. Amphenol Corporation has a 52-week low of $92.08 and a 52-week high of $167.04. The stock has a 50-day simple moving average of $139.70 and a 200-day simple moving average of $139.57.
Amphenol Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.25 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. Amphenol’s payout ratio is currently 28.74%.
Insider Activity
In related news, CEO Richard Adam Norwitt sold 17,500 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total value of $2,506,175.00. Following the sale, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at $276,038,277.47. The trade was a 0.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 130,775 shares of company stock worth $18,709,350 in the last quarter. Insiders own 1.42% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on APH shares. UBS Group reiterated a “buy” rating and issued a $178.00 target price (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on Amphenol from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Robert W. Baird set a $177.00 price target on Amphenol in a research note on Thursday, April 30th. The Goldman Sachs Group lifted their price target on Amphenol from $184.00 to $201.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Piper Sandler set a $165.00 price objective on Amphenol in a research report on Tuesday, March 17th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $178.07.
View Our Latest Stock Report on APH
About Amphenol
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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