Resources Management Corp CT ADV purchased a new position in shares of Amphenol Co. (NYSE:APH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 114,176 shares of the electronics maker’s stock, valued at approximately $11,018,000. Amphenol makes up approximately 2.0% of Resources Management Corp CT ADV’s holdings, making the stock its 10th biggest holding.
Several other hedge funds also recently added to or reduced their stakes in APH. Lenox Wealth Advisors LLC raised its stake in Amphenol by 82.2% during the third quarter. Lenox Wealth Advisors LLC now owns 266 shares of the electronics maker’s stock valued at $26,000 after buying an additional 120 shares in the last quarter. Arrow Financial Corp bought a new position in Amphenol during the 2nd quarter worth approximately $31,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Amphenol in the 2nd quarter worth approximately $37,000. SRS Capital Advisors Inc. acquired a new position in shares of Amphenol in the 2nd quarter worth approximately $40,000. Finally, FinTrust Capital Advisors LLC increased its holdings in shares of Amphenol by 116.5% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 446 shares of the electronics maker’s stock valued at $43,000 after acquiring an additional 240 shares during the last quarter. 94.23% of the stock is owned by institutional investors and hedge funds.
APH traded up $1.21 on Wednesday, hitting $102.99. 727,380 shares of the company’s stock were exchanged, compared to its average volume of 1,320,142. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.84. The stock has a fifty day moving average of $101.63 and a two-hundred day moving average of $94.84. Amphenol Co. has a twelve month low of $74.95 and a twelve month high of $105.51. The firm has a market cap of $30.54 billion, a PE ratio of 27.32, a P/E/G ratio of 2.96 and a beta of 1.03.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. Amphenol’s dividend payout ratio is currently 26.53%.
In other news, Director Stanley L. Clark sold 4,860 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $102.95, for a total transaction of $500,337.00. Following the completion of the transaction, the director now owns 25,271 shares of the company’s stock, valued at $2,601,649.45. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Lance E. D’amico sold 13,500 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $101.45, for a total transaction of $1,369,575.00. Following the transaction, the vice president now owns 17,000 shares of the company’s stock, valued at approximately $1,724,650. The disclosure for this sale can be found here. Insiders have sold a total of 577,760 shares of company stock valued at $58,686,372 in the last 90 days. Insiders own 2.60% of the company’s stock.
Several research firms recently issued reports on APH. Wells Fargo & Co reissued a “buy” rating on shares of Amphenol in a research report on Monday, September 16th. JPMorgan Chase & Co. assumed coverage on shares of Amphenol in a report on Tuesday, October 22nd. They issued a “neutral” rating and a $104.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Amphenol has a consensus rating of “Buy” and a consensus target price of $103.91.
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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