Cape Cod Five Cents Savings Bank Raises Stock Holdings in Amphenol Co. (NYSE:APH)

Cape Cod Five Cents Savings Bank raised its holdings in shares of Amphenol Co. (NYSE:APH - Free Report) by 75.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,097 shares of the electronics maker's stock after acquiring an additional 37,370 shares during the period. Cape Cod Five Cents Savings Bank's holdings in Amphenol were worth $5,868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of APH. Beacon Capital Management LLC increased its holdings in shares of Amphenol by 121.2% during the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock valued at $25,000 after purchasing an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC increased its holdings in Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock worth $25,000 after acquiring an additional 188 shares in the last quarter. Sachetta LLC increased its holdings in Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock worth $27,000 after acquiring an additional 249 shares in the last quarter. Trifecta Capital Advisors LLC increased its holdings in Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock worth $28,000 after acquiring an additional 338 shares in the last quarter. Finally, New Millennium Group LLC purchased a new stake in Amphenol in the 2nd quarter worth $31,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

APH stock traded down $0.55 during trading on Monday, hitting $73.66. The company had a trading volume of 2,811,855 shares, compared to its average volume of 6,555,610. Amphenol Co. has a 1-year low of $46.82 and a 1-year high of $74.93. The firm has a 50-day moving average price of $69.34 and a 200-day moving average price of $66.96. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The firm has a market cap of $88.81 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 2.47 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.04 billion during the quarter, compared to analysts' expectations of $3.81 billion. During the same period last year, the firm earned $0.39 EPS. The firm's revenue for the quarter was up 26.3% on a year-over-year basis. On average, analysts expect that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.90%. Amphenol's payout ratio is 37.93%.

Insiders Place Their Bets

In related news, 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 value of $61,975,240.32. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Silverman sold 180,000 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares of the company's stock, valued at approximately $963,760. This trade represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

APH has been the topic of several recent research reports. Robert W. Baird lifted their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Evercore ISI boosted their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Bank of America boosted their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. TD Cowen upped their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a "hold" rating in a research note on Friday, October 25th. Finally, Truist Financial raised their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $69.63.

Amphenol Profile

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.