Whittier Trust Co. of Nevada Inc. boosted its position in shares of Amphenol Co. (NYSE:APH) by 11.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,953 shares of the electronics maker’s stock after acquiring an additional 2,193 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Amphenol were worth $1,826,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Amalgamated Bank raised its holdings in Amphenol by 5.3% in the 2nd quarter. Amalgamated Bank now owns 46,197 shares of the electronics maker’s stock worth $4,026,000 after purchasing an additional 2,342 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Amphenol by 7.7% in the 1st quarter. Hsbc Holdings PLC now owns 358,580 shares of the electronics maker’s stock worth $30,890,000 after acquiring an additional 25,607 shares in the last quarter. HRT Financial LLC bought a new position in shares of Amphenol in the 1st quarter worth about $964,000. Mackay Shields LLC purchased a new stake in Amphenol during the 1st quarter valued at about $4,427,000. Finally, Port Capital LLC grew its position in Amphenol by 33.8% during the 2nd quarter. Port Capital LLC now owns 79,802 shares of the electronics maker’s stock valued at $6,955,000 after purchasing an additional 20,164 shares during the last quarter. 95.55% of the stock is owned by institutional investors.
Shares of Amphenol traded down $0.57, reaching $93.75, on Friday, MarketBeat reports. The company’s stock had a trading volume of 807,410 shares, compared to its average volume of 1,202,390. Amphenol Co. has a 1 year low of $77.71 and a 1 year high of $95.90. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.22 and a current ratio of 1.72. The firm has a market cap of $28.33 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 2.42 and a beta of 0.90.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 10th. Shareholders of record on Monday, September 17th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, September 14th. Amphenol’s payout ratio is 29.49%.
Amphenol announced that its board has authorized a stock repurchase plan on Wednesday, April 25th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
APH has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Amphenol from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Friday, May 25th. Morgan Stanley increased their price objective on shares of Amphenol from $90.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 26th. Finally, Stifel Nicolaus increased their price objective on shares of Amphenol from $90.00 to $92.00 and gave the stock a “hold” rating in a research note on Thursday, July 26th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $95.88.
In other news, VP Lance E. D’amico sold 8,000 shares of the business’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $95.60, for a total transaction of $764,800.00. Following the completion of the sale, the vice president now directly owns 10,000 shares of the company’s stock, valued at $956,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richard Gu sold 2,000 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $87.00, for a total transaction of $174,000.00. Following the sale, the vice president now directly owns 3,000 shares of the company’s stock, valued at $261,000. The disclosure for this sale can be found here. Insiders have sold 640,213 shares of company stock valued at $60,480,618 over the last ninety days. 2.51% of the stock is owned by insiders.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of 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, bus bars, and distribution systems; and other connectors.
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