Community Trust & Investment Co. grew its position in shares of Amphenol Co. (NYSE:APH – Free Report) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,216 shares of the electronics maker’s stock after purchasing an additional 941 shares during the period. Community Trust & Investment Co.’s holdings in Amphenol were worth $10,212,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC raised its position in shares of Amphenol by 95,441.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,868,807 shares of the electronics maker’s stock valued at $1,055,971,000 after buying an additional 13,854,291 shares in the last quarter. Norges Bank bought a new position in Amphenol in the fourth quarter valued at $653,884,000. Envestnet Asset Management Inc. raised its position in Amphenol by 400.3% during the first quarter. Envestnet Asset Management Inc. now owns 9,634,009 shares of the electronics maker’s stock valued at $151,492,000 after purchasing an additional 7,708,450 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Amphenol by 44.1% in the 4th quarter. Morgan Stanley now owns 10,811,475 shares of the electronics maker’s stock worth $823,186,000 after purchasing an additional 3,310,939 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Amphenol by 850.4% during the 1st quarter. Stifel Financial Corp now owns 3,515,374 shares of the electronics maker’s stock valued at $287,277,000 after purchasing an additional 3,145,476 shares during the last quarter. Institutional investors own 93.46% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have commented on APH. StockNews.com initiated coverage on shares of Amphenol in a research report on Thursday, August 17th. They set a “hold” rating on the stock. UBS Group lifted their target price on shares of Amphenol from $88.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Bank of America upped their price target on shares of Amphenol from $90.00 to $100.00 in a research report on Thursday, July 27th. Stifel Nicolaus lifted their price objective on Amphenol from $80.00 to $88.00 in a report on Thursday, July 27th. Finally, Truist Financial increased their target price on Amphenol from $93.00 to $101.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.25.
Insiders Place Their Bets
In other news, insider William J. Doherty sold 50,000 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $88.57, for a total transaction of $4,428,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Amphenol news, CEO Richard Adam Norwitt sold 650,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $87.43, for a total transaction of $56,829,500.00. Following the completion of the sale, the chief executive officer now directly owns 967,424 shares in the company, valued at approximately $84,581,880.32. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider William J. Doherty sold 50,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $88.57, for a total value of $4,428,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,339,962 shares of company stock valued at $117,480,732. Corporate insiders own 2.22% of the company’s stock.
Amphenol Trading Down 0.5 %
APH traded down $0.39 during midday trading on Tuesday, reaching $85.84. 288,737 shares of the company’s stock traded hands, compared to its average volume of 2,515,318. The stock has a market capitalization of $51.20 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 3.36 and a beta of 1.24. Amphenol Co. has a 52 week low of $65.21 and a 52 week high of $90.28. The firm has a fifty day moving average of $86.67 and a two-hundred day moving average of $81.18. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.33 and a quick ratio of 1.60.
Amphenol (NYSE:APH – Get Free Report) last announced its quarterly earnings results on Wednesday, July 26th. The electronics maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.95 billion. Amphenol had a return on equity of 25.85% and a net margin of 15.15%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. On average, equities analysts anticipate that Amphenol Co. will post 2.92 earnings per share for the current fiscal year.
Amphenol Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Shareholders of record on Tuesday, September 19th will be paid 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 dividend payout ratio is 27.36%.
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.
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