Country Trust Bank Reduces Stock Position in Amphenol Co. (NYSE:APH)

Country Trust Bank decreased its stake in shares of Amphenol Co. (NYSE:APH) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 820,272 shares of the electronics maker’s stock after selling 66,898 shares during the period. Amphenol comprises 1.4% of Country Trust Bank’s portfolio, making the stock its 17th largest holding. Country Trust Bank owned about 0.07% of Amphenol worth $56,968,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Trifecta Capital Advisors LLC lifted its stake in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the period. Brown Brothers Harriman & Co. grew its position in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the period. Continuum Advisory LLC increased its stake in shares of Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares in the last quarter. Hanson & Doremus Investment Management bought a new stake in Amphenol during the fourth quarter valued at about $32,000. Finally, Sunbelt Securities Inc. increased its position in Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after buying an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

APH has been the subject of a number of recent research reports. Evercore ISI boosted their price objective on 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 upped their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Bank of America raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Citigroup upped their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, Truist Financial boosted their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Stock Up 3.3 %

NYSE APH opened at $71.69 on Friday. The stock has a 50 day moving average price of $71.96 and a 200-day moving average price of $67.99. Amphenol Co. has a one year low of $50.48 and a one year high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. The company has a market capitalization of $86.43 billion, a P/E ratio of 37.43, a P/E/G ratio of 2.13 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. As a group, equities analysts predict that Amphenol Co. will post 2.25 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.92%. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

Insider Activity

In other news, CFO Craig A. Lampo sold 300,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the sale, the chief financial officer now owns 318,116 shares in the company, valued at approximately $22,764,380.96. This trade represents a 48.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the transaction, the vice president now owns 14,000 shares in the company, valued at $1,005,340. The trade was a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 612,000 shares of company stock valued at $44,177,640 in the last ninety days. Insiders own 1.80% of the company’s stock.

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.