M&T Bank Corp Has $19.82 Million Stake in Amphenol Co. (NYSE:APH)

M&T Bank Corp cut its stake in shares of Amphenol Co. (NYSE:APH - Free Report) by 25.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,336 shares of the electronics maker's stock after selling 102,174 shares during the period. M&T Bank Corp's holdings in Amphenol were worth $19,820,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Executive Wealth Management LLC acquired a new stake in shares of Amphenol during the third quarter worth $3,150,000. Continuum Advisory LLC lifted its holdings in Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker's stock worth $32,000 after acquiring an additional 234 shares in the last quarter. EWA LLC lifted its holdings in Amphenol by 5.7% during the third quarter. EWA LLC now owns 5,049 shares of the electronics maker's stock worth $329,000 after acquiring an additional 272 shares in the last quarter. Cape Cod Five Cents Savings Bank lifted its holdings in Amphenol by 75.2% during the third quarter. Cape Cod Five Cents Savings Bank now owns 87,097 shares of the electronics maker's stock worth $5,868,000 after acquiring an additional 37,370 shares in the last quarter. Finally, Roffman Miller Associates Inc. PA lifted its holdings in Amphenol by 3.1% during the third quarter. Roffman Miller Associates Inc. PA now owns 499,141 shares of the electronics maker's stock worth $32,524,000 after acquiring an additional 14,861 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the business's 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 transaction, the chief financial officer now owns 218,116 shares of the company's stock, valued at $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Silverman sold 180,000 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total value of $12,391,200.00. Following the transaction, the vice president now directly owns 14,000 shares in the company, valued at approximately $963,760. This trade represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 over the last 90 days. 1.80% of the stock is currently owned by insiders.

Amphenol Stock Up 1.3 %

Shares of NYSE:APH traded up $0.92 during midday trading on Wednesday, reaching $73.53. The company had a trading volume of 3,326,276 shares, compared to its average volume of 6,569,978. 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 business's 50 day moving average price is $69.69 and its 200 day moving average price is $67.03. The stock has a market cap of $88.65 billion, a PE ratio of 41.94, a P/E/G ratio of 2.47 and a beta of 1.24. Amphenol Co. has a 1-year low of $46.94 and a 1-year high of $74.93.

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

Amphenol Dividend Announcement

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 0.90%. The ex-dividend date is Tuesday, December 17th. Amphenol's dividend payout ratio (DPR) is presently 37.93%.

Analysts Set New Price Targets

Several research firms have weighed in on APH. Truist Financial lifted their target price on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Evercore ISI lifted their target price on Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Bank of America lifted their target price on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. Robert W. Baird boosted their price target on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, TD Cowen boosted their price target on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a report on Friday, October 25th. Five investment 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $69.63.

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.