First Interstate Bank Purchases New Holdings in Amphenol Co. (NYSE:APH)

First Interstate Bank acquired a new stake in shares of Amphenol Co. (NYSE:APH - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,622 shares of the electronics maker's stock, valued at approximately $627,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APH. Beacon Capital Management LLC boosted its position in shares of Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 206 shares during the period. New England Capital Financial Advisors LLC raised its position in shares of Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker's stock worth $25,000 after buying an additional 188 shares in the last quarter. Sachetta LLC boosted its stake in Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock valued at $27,000 after buying an additional 249 shares during the period. Trifecta Capital Advisors LLC grew its position in Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock worth $28,000 after buying an additional 338 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in Amphenol in the 2nd quarter worth about $29,000. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

APH has been the subject of several recent analyst reports. Truist Financial boosted their price objective on Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Vertical Research began coverage on shares of Amphenol in a report on Tuesday, July 23rd. They issued a "hold" rating and a $65.00 price target on the stock. 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. TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Finally, Bank of America lifted their price target on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.63.

Insider Buying and Selling at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the firm's stock in a transaction 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 completion of the sale, the vice president now owns 14,000 shares of the company's stock, valued at $963,760. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, VP David M. Silverman sold 180,000 shares of the business's 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 transaction, the vice president now owns 14,000 shares in the company, valued at $963,760. The trade was a 0.00 % 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, CEO Richard Adam Norwitt sold 900,672 shares of the firm's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares of the company's stock, valued at $133,136,890.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,630,672 shares of company stock valued at $110,992,440 in the last 90 days. Insiders own 1.80% of the company's stock.

Amphenol Trading Up 1.3 %

APH traded up $0.84 on Friday, hitting $67.86. 5,399,713 shares of the company were exchanged, compared to its average volume of 6,629,439. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a 12 month low of $41.03 and a 12 month high of $71.20. The firm has a fifty day simple moving average of $65.22 and a two-hundred day simple moving average of $65.03. The stock has a market capitalization of $81.81 billion, a PE ratio of 39.00, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24.

Amphenol (NYSE:APH - Get Free Report) last issued its 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 firm 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 revenue was up 26.3% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. Sell-side analysts expect that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be issued 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 yield of 0.97%. Amphenol's dividend payout ratio is presently 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.