Glenmede Trust Co. NA Has $109.65 Million Position in Amphenol Co. (NYSE:APH)

Glenmede Trust Co. NA lifted its holdings in Amphenol Co. (NYSE:APH) by 11.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,682,734 shares of the electronics maker’s stock after buying an additional 177,510 shares during the period. Glenmede Trust Co. NA owned about 0.14% of Amphenol worth $109,647,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of APH. B. Riley Wealth Advisors Inc. grew its holdings in shares of Amphenol by 0.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after acquiring an additional 80 shares in the last quarter. Fortitude Family Office LLC grew its stake in Amphenol by 13.9% in the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after purchasing an additional 158 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares during the last quarter. New England Capital Financial Advisors LLC raised its stake in shares of Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 188 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC lifted its holdings in shares of Amphenol by 4.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker’s stock valued at $294,000 after buying an additional 199 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Activity at Amphenol

In other Amphenol news, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David M. Silverman sold 180,000 shares of Amphenol 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 owns 14,000 shares of the company’s stock, valued at $963,760. This trade represents 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 valued at $128,858,080 over the last quarter. 1.80% of the stock is owned by company insiders.

Amphenol Price Performance

Shares of Amphenol stock opened at $73.27 on Wednesday. The firm has a fifty day moving average price of $68.04 and a two-hundred day moving average price of $66.53. Amphenol Co. has a fifty-two week low of $44.81 and a fifty-two week high of $74.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The company has a market cap of $88.34 billion, a PE ratio of 42.11, a price-to-earnings-growth ratio of 2.44 and a beta of 1.23.

Amphenol (NYSE:APH) last released 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 the consensus estimate 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 period last year, the business earned $0.39 earnings per share. Analysts expect that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.90%. Amphenol’s dividend payout ratio (DPR) is currently 37.93%.

Analysts Set New Price Targets

APH has been the topic of a number of research reports. Evercore ISI increased their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial increased their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Robert W. Baird lifted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Bank of America increased their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Finally, TD Cowen upped their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Five equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.63.

Amphenol 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.