Oakbrook Investments LLC boosted its holdings in shares of Amphenol Co. (NYSE:APH) by 1,011.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,900 shares of the electronics maker’s stock after buying an additional 26,300 shares during the quarter. Oakbrook Investments LLC’s holdings in Amphenol were worth $2,789,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in APH. Lenox Wealth Advisors LLC boosted its holdings in shares of Amphenol by 82.2% in the third quarter. Lenox Wealth Advisors LLC now owns 266 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 120 shares in the last quarter. Weaver Consulting Group purchased a new stake in shares of Amphenol in the first quarter valued at about $26,000. Arrow Financial Corp purchased a new stake in shares of Amphenol in the second quarter valued at about $31,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Amphenol in the second quarter valued at about $37,000. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Amphenol in the second quarter valued at about $40,000. Institutional investors own 93.93% of the company’s stock.
APH traded up $0.17 during midday trading on Friday, reaching $102.70. 780,888 shares of the company’s stock were exchanged, compared to its average volume of 1,346,915. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.99 and a quick ratio of 1.39. The stock has a market capitalization of $30.96 billion, a PE ratio of 27.24, a P/E/G ratio of 2.98 and a beta of 1.04. The business’s 50-day moving average price is $98.20 and its 200 day moving average price is $94.34. Amphenol Co. has a 1-year low of $74.95 and a 1-year high of $105.51.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be issued a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. Amphenol’s payout ratio is 26.53%.
In related news, VP Martin Booker sold 90,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $104.03, for a total value of $9,362,700.00. Following the completion of the sale, the vice president now directly owns 90,000 shares in the company, valued at $9,362,700. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Stanley L. Clark sold 4,860 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 25,271 shares of the company’s stock, valued at $2,601,649.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 577,760 shares of company stock valued at $58,686,372. 2.60% of the stock is owned by insiders.
APH has been the topic of several analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Amphenol in a report on Tuesday, October 22nd. They issued a “neutral” rating and a $104.00 target price on the stock. Morgan Stanley decreased their price objective on shares of Amphenol from $108.00 to $104.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. Wells Fargo & Co boosted their price objective on shares of Amphenol from $109.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, ValuEngine downgraded shares of Amphenol from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $104.79.
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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