Whittier Trust Co. of Nevada Inc. boosted its position in Amphenol Co. (NYSE:APH) by 27.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,372 shares of the electronics maker’s stock after purchasing an additional 3,538 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Amphenol were worth $1,437,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. purchased a new stake in shares of Amphenol during the third quarter worth $3,008,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Amphenol during the second quarter worth $392,000. Whittier Trust Co. lifted its position in shares of Amphenol by 3,390.3% during the third quarter. Whittier Trust Co. now owns 89,352 shares of the electronics maker’s stock worth $7,563,000 after acquiring an additional 86,792 shares in the last quarter. AXA lifted its position in shares of Amphenol by 2.5% during the third quarter. AXA now owns 252,000 shares of the electronics maker’s stock worth $21,330,000 after acquiring an additional 6,100 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. lifted its position in shares of Amphenol by 1.3% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 268,024 shares of the electronics maker’s stock worth $22,685,000 after acquiring an additional 3,402 shares in the last quarter. Institutional investors and hedge funds own 96.47% of the company’s stock.
Amphenol Co. (NYSE APH) opened at $84.78 on Monday. Amphenol Co. has a 12 month low of $68.08 and a 12 month high of $93.62. The stock has a market capitalization of $25,886.65, a PE ratio of 26.01, a PEG ratio of 2.49 and a beta of 0.82. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.25 and a current ratio of 2.95.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Monday, March 19th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.90%. Amphenol’s dividend payout ratio is currently 37.07%.
Several research firms have recently weighed in on APH. Deutsche Bank upped their price target on shares of Amphenol from $95.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Cowen reaffirmed a “buy” rating and issued a $105.00 price target on shares of Amphenol in a report on Wednesday, January 10th. Zacks Investment Research cut Amphenol from a “buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Stifel Nicolaus increased their target price on Amphenol from $78.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Finally, Morgan Stanley increased their target price on Amphenol from $87.00 to $90.00 and gave the company an “equal weight” rating in a research note on Thursday, January 25th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. Amphenol currently has a consensus rating of “Buy” and a consensus target price of $92.00.
In other news, Director Diana G. Reardon sold 503,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total transaction of $45,637,190.00. Following the completion of the sale, the director now directly owns 260,000 shares in the company, valued at $23,589,800. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 10,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $92.07, for a total transaction of $920,700.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 523,000 shares of company stock valued at $47,452,990. 2.51% of the stock is currently owned by company insiders.
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Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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