Norway Savings Bank Raises Stock Holdings in Amphenol Co. (NYSE:APH)

Norway Savings Bank increased its holdings in shares of Amphenol Co. (NYSE:APH) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,631 shares of the electronics maker’s stock after purchasing an additional 1,100 shares during the quarter. Amphenol makes up 1.3% of Norway Savings Bank’s portfolio, making the stock its 25th biggest holding. Norway Savings Bank’s holdings in Amphenol were worth $2,347,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Lincoln National Corp grew its position in shares of Amphenol by 2.9% during the first quarter. Lincoln National Corp now owns 5,023 shares of the electronics maker’s stock worth $410,000 after purchasing an additional 141 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Amphenol by 0.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 39,482 shares of the electronics maker’s stock valued at $3,226,000 after buying an additional 142 shares during the last quarter. Zions Bancorporation N.A. boosted its stake in Amphenol by 16.9% during the first quarter. Zions Bancorporation N.A. now owns 1,136 shares of the electronics maker’s stock valued at $86,000 after buying an additional 164 shares during the last quarter. Resources Investment Advisors LLC. boosted its stake in Amphenol by 2.4% during the first quarter. Resources Investment Advisors LLC. now owns 7,249 shares of the electronics maker’s stock valued at $592,000 after buying an additional 167 shares during the last quarter. Finally, MCF Advisors LLC boosted its stake in Amphenol by 129.0% during the first quarter. MCF Advisors LLC now owns 300 shares of the electronics maker’s stock valued at $25,000 after buying an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Insiders Place Their Bets

In other Amphenol news, VP Lance E. D’amico sold 75,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $88.71, for a total transaction of $6,653,250.00. Following the transaction, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,279,847. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Amphenol news, insider Luc Walter sold 264,962 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $87.32, for a total transaction of $23,136,481.84. Following the transaction, the insider now directly owns 197,962 shares in the company, valued at approximately $17,286,041.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 75,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $88.71, for a total value of $6,653,250.00. Following the transaction, the vice president now owns 25,700 shares in the company, valued at $2,279,847. The disclosure for this sale can be found here. Insiders have sold 1,339,962 shares of company stock worth $117,480,732 in the last ninety days. 2.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stifel Nicolaus increased their price target on Amphenol from $80.00 to $88.00 in a research note on Thursday, July 27th. Robert W. Baird raised their price objective on Amphenol from $89.00 to $100.00 in a research note on Thursday, July 27th. Bank of America raised their price objective on Amphenol from $90.00 to $100.00 in a research note on Thursday, July 27th. StockNews.com initiated coverage on Amphenol in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Truist Financial raised their price objective on Amphenol from $93.00 to $101.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $94.25.

Amphenol Trading Down 0.9 %

Shares of APH stock traded down $0.79 on Friday, reaching $85.72. 2,846,256 shares of the company’s stock were exchanged, compared to its average volume of 2,532,805. Amphenol Co. has a 52 week low of $65.21 and a 52 week high of $90.28. The company has a current ratio of 2.33, a quick ratio of 1.60 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $51.13 billion, a PE ratio of 27.92, a P/E/G ratio of 3.40 and a beta of 1.24. The company’s fifty day simple moving average is $86.67 and its 200 day simple moving average is $81.16.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Amphenol had a return on equity of 25.85% and a net margin of 15.15%. The firm had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the company earned $0.75 EPS. Amphenol’s quarterly revenue was down 2.6% compared to the same quarter last year. As a group, analysts forecast that Amphenol Co. will post 2.92 EPS for the current year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Tuesday, September 19th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.84 annualized dividend and a yield of 0.98%. Amphenol’s payout ratio is currently 27.36%.

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.