American Trust Lowers Holdings in Amphenol Co. (NYSE:APH)

American Trust trimmed its position in shares of Amphenol Co. (NYSE:APH - Free Report) by 25.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,792 shares of the electronics maker's stock after selling 17,353 shares during the quarter. American Trust's holdings in Amphenol were worth $3,310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APH. Diversified Trust Co purchased a new stake in Amphenol in the 2nd quarter worth $222,000. Wealth Enhancement Advisory Services LLC increased its holdings in Amphenol by 130.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 124,409 shares of the electronics maker's stock worth $8,381,000 after acquiring an additional 70,336 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Amphenol by 101.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,137 shares of the electronics maker's stock worth $4,927,000 after acquiring an additional 36,860 shares in the last quarter. 180 Wealth Advisors LLC purchased a new stake in Amphenol in the 2nd quarter worth $201,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Amphenol by 100.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,960 shares of the electronics maker's stock worth $560,000 after acquiring an additional 3,980 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on APH. Truist Financial upped their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Evercore ISI upped their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Robert W. Baird upped their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Bank of America upped their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Finally, 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 report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $69.63.

Insider Buying and Selling

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was 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 directly owns 1,934,848 shares of the company's stock, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Company insiders own 1.80% of the company's stock.

Amphenol Stock Up 0.0 %

Shares of APH traded up $0.03 during mid-day trading on Friday, hitting $73.63. 5,436,630 shares of the company's stock were exchanged, compared to its average volume of 6,555,143. The company has a market cap of $88.77 billion, a price-to-earnings ratio of 42.30, a P/E/G ratio of 2.44 and a beta of 1.24. Amphenol Co. has a fifty-two week low of $46.94 and a fifty-two week high of $74.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The stock's 50-day moving average is $70.15 and its 200-day moving average is $67.12.

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

Amphenol Announces Dividend

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

Amphenol Company 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.