Regency Capital Management Inc. DE decreased its stake in shares of Amphenol Co. (NYSE:APH – Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,639 shares of the electronics maker’s stock after selling 2,144 shares during the period. Amphenol comprises 3.7% of Regency Capital Management Inc. DE’s portfolio, making the stock its 8th largest holding. Regency Capital Management Inc. DE’s holdings in Amphenol were worth $6,850,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in APH. State Street Corp boosted its stake in shares of Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after buying an additional 1,537,880 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Amphenol by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock valued at $1,601,540,000 after purchasing an additional 564,991 shares during the period. Legal & General Group Plc boosted its holdings in shares of Amphenol by 116.6% in the second quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock worth $662,458,000 after buying an additional 5,293,292 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Amphenol by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock valued at $427,363,000 after buying an additional 63,180 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its position in Amphenol by 25.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock worth $347,297,000 after acquiring an additional 1,073,480 shares during the period. Institutional investors own 97.01% of the company’s stock.
Amphenol Stock Performance
NYSE:APH opened at $77.10 on Friday. The firm has a market capitalization of $92.95 billion, a PE ratio of 40.26, a PEG ratio of 2.12 and a beta of 1.24. The stock’s fifty day moving average is $72.12 and its 200 day moving average is $68.00. Amphenol Co. has a fifty-two week low of $49.38 and a fifty-two week high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 2.37.
Amphenol Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 34.55%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on APH. Robert W. Baird boosted their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday. TD Cowen raised their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Bank of America increased their price target on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday. Evercore ISI upped their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Citigroup lifted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.68.
Read Our Latest Research Report on Amphenol
Insider Activity at Amphenol
In related news, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the sale, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at $14,997,656.16. This represents a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,842,672 shares of company stock worth $128,858,080. Company insiders own 1.80% of the company’s stock.
About Amphenol
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.
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