Raymond James & Associates lifted its holdings in Amphenol Co. (NYSE:APH) by 20.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,125 shares of the electronics maker’s stock after purchasing an additional 6,750 shares during the quarter. Raymond James & Associates’ holdings in Amphenol were worth $3,789,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Natixis Advisors L.P. boosted its position in shares of Amphenol by 5.6% in the 4th quarter. Natixis Advisors L.P. now owns 65,274 shares of the electronics maker’s stock worth $5,288,000 after purchasing an additional 3,449 shares in the last quarter. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Amphenol in the 1st quarter worth $50,000. FMR LLC boosted its position in shares of Amphenol by 6.4% in the 4th quarter. FMR LLC now owns 41,896,298 shares of the electronics maker’s stock worth $3,394,437,000 after purchasing an additional 2,534,967 shares in the last quarter. Penobscot Investment Management Company Inc. boosted its position in shares of Amphenol by 2.6% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 17,905 shares of the electronics maker’s stock worth $1,451,000 after purchasing an additional 460 shares in the last quarter. Finally, Moody National Bank Trust Division raised its stake in Amphenol by 103.9% in the 1st quarter. Moody National Bank Trust Division now owns 471 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 240 shares during the last quarter. 94.18% of the stock is owned by hedge funds and other institutional investors.
Shares of Amphenol stock traded up $0.29 on Friday, hitting $95.94. 1,973,000 shares of the company were exchanged, compared to its average volume of 1,347,518. The stock has a market cap of $28.57 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 2.30 and a beta of 0.99. The stock’s 50-day moving average is $92.43. Amphenol Co. has a 1-year low of $74.95 and a 1-year high of $105.51. The company has a quick ratio of 1.76, a current ratio of 2.50 and a debt-to-equity ratio of 0.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 19th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, June 18th. Amphenol’s dividend payout ratio is presently 24.40%.
A number of equities analysts recently issued reports on the company. ValuEngine upgraded Amphenol from a “hold” rating to a “buy” rating in a research note on Wednesday, April 3rd. SunTrust Banks upgraded Amphenol from a “hold” rating to a “buy” rating and lifted their price objective for the company from $89.00 to $112.00 in a research note on Tuesday, April 2nd. Wells Fargo & Co set a $105.00 price objective on Amphenol and gave the company a “buy” rating in a research note on Monday, March 18th. Morgan Stanley lifted their price objective on Amphenol from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Finally, Longbow Research lowered Amphenol from a “buy” rating to a “neutral” rating and set a $94.30 price target for the company. in a research note on Monday, June 17th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $103.48.
In other news, SVP Luc Walter sold 24,600 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $100.02, for a total transaction of $2,460,492.00. Following the sale, the senior vice president now owns 147,600 shares of the company’s stock, valued at $14,762,952. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Craig A. Lampo sold 51,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $100.10, for a total value of $5,105,100.00. Following the sale, the chief financial officer now directly owns 49,405 shares in the company, valued at approximately $4,945,440.50. The disclosure for this sale can be found here. Insiders sold 834,505 shares of company stock worth $83,149,103 over the last quarter. 2.60% of the stock is currently owned by insiders.
Amphenol Company Profile
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors.
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