Bank of America Corp DE grew its position in shares of Amphenol Co. (NYSE:APH – Get Rating) by 0.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,011,109 shares of the electronics maker’s stock after purchasing an additional 24,383 shares during the period. Bank of America Corp DE owned approximately 0.50% of Amphenol worth $226,888,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in APH. Prospera Financial Services Inc purchased a new stake in shares of Amphenol during the first quarter worth $30,000. Riverview Trust Co purchased a new stake in shares of Amphenol during the first quarter worth $34,000. Tcwp LLC purchased a new stake in shares of Amphenol during the first quarter worth $36,000. Valley National Advisers Inc. increased its position in shares of Amphenol by 124.9% during the first quarter. Valley National Advisers Inc. now owns 497 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 276 shares during the period. Finally, NuWave Investment Management LLC purchased a new stake in shares of Amphenol during the first quarter worth $38,000. 93.50% of the stock is currently owned by institutional investors and hedge funds.
Amphenol Stock Performance
Shares of APH stock opened at $72.15 on Wednesday. The stock’s 50-day moving average is $74.18 and its two-hundred day moving average is $71.67. The firm has a market cap of $42.92 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 2.15 and a beta of 1.25. Amphenol Co. has a 1 year low of $61.67 and a 1 year high of $88.45. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.65 and a current ratio of 2.45.
Amphenol Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Tuesday, September 20th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, September 19th. This represents a $0.80 annualized dividend and a dividend yield of 1.11%. Amphenol’s dividend payout ratio (DPR) is 27.97%.
Analyst Upgrades and Downgrades
APH has been the topic of a number of recent research reports. UBS Group upped their price objective on Amphenol from $88.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, August 23rd. JPMorgan Chase & Co. raised Amphenol from a “neutral” rating to an “overweight” rating and set a $83.00 target price on the stock in a report on Thursday, July 14th. The Goldman Sachs Group dropped their target price on Amphenol from $87.00 to $83.00 in a report on Wednesday, June 1st. StockNews.com raised Amphenol from a “hold” rating to a “buy” rating in a report on Friday, September 16th. Finally, Cowen dropped their target price on Amphenol from $80.00 to $73.00 and set a “market perform” rating on the stock in a report on Friday, July 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average price target of $83.90.
Insider Transactions at Amphenol
In other news, VP Lance E. D’amico sold 20,000 shares of the stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $76.93, for a total transaction of $1,538,600.00. Following the completion of the sale, the vice president now owns 25,700 shares in the company, valued at $1,977,101. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Jean-Luc Gavelle sold 122,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $77.44, for a total value of $9,447,680.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lance E. D’amico sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $76.93, for a total transaction of $1,538,600.00. Following the completion of the sale, the vice president now owns 25,700 shares of the company’s stock, valued at approximately $1,977,101. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Amphenol (APH)
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