Commerce Bank Raises Stake in Amphenol Co. (NYSE:APH)

Commerce Bank boosted its holdings in Amphenol Co. (NYSE:APH - Free Report) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,712 shares of the electronics maker's stock after buying an additional 8,744 shares during the period. Commerce Bank's holdings in Amphenol were worth $12,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Strategy Asset Managers LLC bought a new stake in shares of Amphenol during the 3rd quarter valued at $570,000. Prospera Private Wealth LLC bought a new stake in shares of Amphenol during the third quarter valued at about $4,573,000. West Family Investments Inc. lifted its holdings in shares of Amphenol by 8.5% in the third quarter. West Family Investments Inc. now owns 11,370 shares of the electronics maker's stock worth $741,000 after buying an additional 894 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Amphenol by 0.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,243,376 shares of the electronics maker's stock valued at $81,018,000 after acquiring an additional 7,521 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Amphenol during the third quarter valued at approximately $50,812,000. Institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on APH shares. Evercore ISI raised their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Truist Financial boosted their target price on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. TD Cowen lifted their price target on 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 raised their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. Finally, Robert W. Baird lifted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $69.63.

Insiders Place Their Bets

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares of the company's stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief executive officer now directly owns 1,934,848 shares of the company's stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by company insiders.

Amphenol Price Performance

Shares of Amphenol stock opened at $70.91 on Thursday. The stock has a market capitalization of $85.49 billion, a P/E ratio of 40.75, a price-to-earnings-growth ratio of 2.36 and a beta of 1.23. Amphenol Co. has a one year low of $44.72 and a one year high of $74.70. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The business's 50 day simple moving average is $67.24 and its two-hundred day simple moving average is $66.22.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the business posted $0.39 EPS. The firm's revenue was up 26.3% compared to the same quarter last year. Analysts forecast that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The firm also recently declared 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. This represents a $0.66 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Tuesday, December 17th. Amphenol's payout ratio is 37.93%.

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.