Commonwealth Bank of Australia Has $1.36 Million Position in Amphenol Co. (APH)
Commonwealth Bank of Australia lifted its position in Amphenol Co. (NYSE:APH) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,898 shares of the electronics maker’s stock after acquiring an additional 324 shares during the quarter. Commonwealth Bank of Australia’s holdings in Amphenol were worth $1,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of APH. Capital Research Global Investors lifted its stake in shares of Amphenol by 256.2% in the 3rd quarter. Capital Research Global Investors now owns 9,600,537 shares of the electronics maker’s stock valued at $902,642,000 after purchasing an additional 6,905,120 shares during the period. Oregon Public Employees Retirement Fund raised its position in Amphenol by 7,553.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,489,267 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 5,417,547 shares during the period. BlackRock Inc. raised its position in Amphenol by 4.7% during the fourth quarter. BlackRock Inc. now owns 22,227,823 shares of the electronics maker’s stock worth $1,800,898,000 after acquiring an additional 989,348 shares during the period. FMR LLC raised its position in Amphenol by 2.1% during the third quarter. FMR LLC now owns 39,361,331 shares of the electronics maker’s stock worth $3,700,752,000 after acquiring an additional 816,589 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Amphenol by 139.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 950,454 shares of the electronics maker’s stock worth $77,006,000 after acquiring an additional 553,909 shares during the period. Hedge funds and other institutional investors own 95.43% of the company’s stock.
Shares of NYSE APH opened at $94.32 on Friday. The stock has a market capitalization of $28.15 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 2.20 and a beta of 0.90. The company has a quick ratio of 1.36, a current ratio of 1.87 and a debt-to-equity ratio of 0.69. Amphenol Co. has a 52 week low of $74.95 and a 52 week high of $97.56.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is 24.40%.
In other news, VP Jean-Luc Gavelle sold 31,000 shares of the stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $94.00, for a total value of $2,914,000.00. Following the completion of the sale, the vice president now directly owns 31,000 shares in the company, valued at $2,914,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Lance E. D’amico sold 10,000 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $95.42, for a total transaction of $954,200.00. Following the completion of the sale, the vice president now owns 12,000 shares of the company’s stock, valued at $1,145,040. The disclosure for this sale can be found here. Insiders sold 52,000 shares of company stock valued at $4,916,500 over the last quarter. Company insiders own 2.34% of the company’s stock.
APH has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Amphenol from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Monday, December 3rd. Morgan Stanley upped their price objective on shares of Amphenol from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 5th. Finally, Bank of America restated a “buy” rating and set a $107.00 price objective (up from $103.00) on shares of Amphenol in a research report on Thursday, February 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $104.00.
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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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