34,939 Shares in Amphenol Co. (NYSE:APH) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB bought a new position in shares of Amphenol Co. (NYSE:APH - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 34,939 shares of the electronics maker's stock, valued at approximately $2,277,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Beacon Capital Management LLC lifted its holdings in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker's stock worth $25,000 after purchasing an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC raised 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 during the period. Sachetta LLC lifted its position in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker's stock worth $27,000 after acquiring an additional 249 shares during the last quarter. Trifecta Capital Advisors LLC boosted its holdings in Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker's stock valued at $28,000 after acquiring an additional 338 shares during the period. Finally, New Millennium Group LLC bought a new position in shares of Amphenol in the second quarter worth about $31,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on APH shares. TD Cowen boosted their price objective on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Truist Financial increased 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. Robert W. Baird boosted their price target on Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Evercore ISI increased their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, Bank of America boosted their price objective on Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.63.

Insiders Place Their Bets

In other news, insider Peter Straub sold 132,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the stock in a transaction that occurred on 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. The trade was 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 worth $128,858,080 in the last 90 days. Company insiders own 1.80% of the company's stock.

Amphenol Stock Up 0.0 %

Shares of NYSE:APH traded up $0.03 during trading on Friday, hitting $73.63. 5,437,366 shares of the company were exchanged, compared to its average volume of 6,555,143. The stock has a market cap of $88.77 billion, a price-to-earnings ratio of 42.32, a P/E/G ratio of 2.44 and a beta of 1.24. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. Amphenol Co. has a fifty-two week low of $46.94 and a fifty-two week high of $74.93. The firm has a fifty day moving average price of $70.37 and a two-hundred day moving average price of $67.16.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results 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. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The firm's revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. As a group, research analysts anticipate that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors 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 of this dividend is Tuesday, December 17th. Amphenol's dividend payout ratio is currently 37.93%.

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.