American Trust Has $3.31 Million Stake in Amphenol Co. (NYSE:APH)

American Trust reduced its stake in Amphenol Co. (NYSE:APH) by 25.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 50,792 shares of the electronics maker’s stock after selling 17,353 shares during the quarter. American Trust’s holdings in Amphenol were worth $3,310,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in APH. Diversified Trust Co acquired a new position in Amphenol during the 2nd quarter worth $222,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Amphenol by 130.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 124,409 shares of the electronics maker’s stock worth $8,381,000 after purchasing an additional 70,336 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Amphenol by 101.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 73,137 shares of the electronics maker’s stock valued at $4,927,000 after buying an additional 36,860 shares during the last quarter. 180 Wealth Advisors LLC bought a new position in Amphenol in the 2nd quarter worth approximately $201,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Amphenol by 100.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,960 shares of the electronics maker’s stock valued at $560,000 after acquiring an additional 3,980 shares during the period. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

NYSE:APH opened at $73.61 on Friday. The stock has a market capitalization of $88.74 billion, a P/E ratio of 42.30, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. Amphenol Co. has a 1 year low of $46.94 and a 1 year high of $74.93. The firm has a 50 day moving average of $70.15 and a 200-day moving average of $67.12. 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 (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The business’s revenue was up 26.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 37.93%.

Analyst Upgrades and Downgrades

APH has been the subject of a number of research reports. Truist Financial increased their price target on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen lifted their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. 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 note on Thursday, October 24th. Robert W. Baird boosted their price target on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Evercore ISI raised their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Insider Activity

In other news, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $963,760. This trade represents a 92.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock valued at $128,858,080 over the last three months. 1.80% of the stock is owned by insiders.

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.