Amphenol Co. (NYSE:APH) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co trimmed its position in Amphenol Co. (NYSE:APH) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 329,071 shares of the electronics maker’s stock after selling 7,754 shares during the quarter. Fiduciary Trust Co’s holdings in Amphenol were worth $21,442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Amphenol by 32.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,366 shares of the electronics maker’s stock worth $18,855,000 after buying an additional 70,635 shares during the last quarter. CreativeOne Wealth LLC raised its position in shares of Amphenol by 37.6% during the 3rd quarter. CreativeOne Wealth LLC now owns 5,955 shares of the electronics maker’s stock worth $388,000 after acquiring an additional 1,627 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Amphenol by 29,759.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 149,893 shares of the electronics maker’s stock worth $9,767,000 after purchasing an additional 149,391 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in Amphenol by 11.8% in the third quarter. Glenmede Trust Co. NA now owns 1,682,734 shares of the electronics maker’s stock valued at $109,647,000 after purchasing an additional 177,510 shares in the last quarter. Finally, Townsquare Capital LLC increased its stake in Amphenol by 14.9% in the third quarter. Townsquare Capital LLC now owns 96,910 shares of the electronics maker’s stock valued at $6,315,000 after purchasing an additional 12,534 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

APH has been the subject of several recent analyst reports. Truist Financial boosted their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Evercore ISI upped their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Robert W. Baird lifted their target price on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Bank of America upped their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, TD Cowen lifted their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Insiders Place Their Bets

In other Amphenol news, VP David M. Silverman sold 180,000 shares of the company’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 directly owns 14,000 shares in the company, valued at approximately $963,760. This represents a 92.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the company’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 value of $10,314,000.00. Following the completion of the sale, the chief financial officer now owns 218,116 shares in the company, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Corporate insiders own 1.80% of the company’s stock.

Amphenol Stock Down 0.7 %

Shares of NYSE:APH opened at $72.73 on Thursday. Amphenol Co. has a fifty-two week low of $44.90 and a fifty-two week high of $74.93. 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 firm’s 50-day simple moving average is $68.23 and its 200-day simple moving average is $66.58. The company has a market cap of $87.68 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 2.44 and a beta of 1.23.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company 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 for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. As a group, equities research analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) 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.