Wesbanco Bank Inc. Sells 1,925 Shares of Amphenol Co. (NYSE:APH)

Wesbanco Bank Inc. reduced its position in shares of Amphenol Co. (NYSE:APH) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,575 shares of the electronics maker’s stock after selling 1,925 shares during the period. Wesbanco Bank Inc.’s holdings in Amphenol were worth $2,887,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in APH. XTX Topco Ltd purchased a new position in shares of Amphenol during the second quarter worth about $242,000. AE Wealth Management LLC grew its stake in Amphenol by 154.7% in the 2nd quarter. AE Wealth Management LLC now owns 7,690 shares of the electronics maker’s stock worth $518,000 after buying an additional 4,671 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Amphenol by 107.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,041 shares of the electronics maker’s stock worth $195,000 after buying an additional 1,576 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Amphenol by 246.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 45,942 shares of the electronics maker’s stock valued at $3,095,000 after buying an additional 32,685 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in shares of Amphenol by 130.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 7,075 shares of the electronics maker’s stock worth $477,000 after acquiring an additional 4,007 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the 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 completion of the transaction, the vice president now directly owns 14,000 shares in the company, valued at $963,760. This trade represents a 92.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Bank of America raised their price objective on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday. The Goldman Sachs Group upped their target price on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Evercore ISI lifted their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. 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 company. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $77.92.

Amphenol Stock Performance

Shares of NYSE:APH opened at $78.54 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The company has a market cap of $94.69 billion, a price-to-earnings ratio of 45.14, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24. Amphenol Co. has a 12 month low of $49.38 and a 12 month high of $78.82. The company has a 50-day moving average price of $71.86 and a 200-day moving average price of $67.86.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4,051,810 billion. During the same quarter last year, the business posted $0.82 EPS. The business’s revenue was up 29.8% on a year-over-year basis. As a group, equities analysts anticipate that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were issued a $0.165 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.84%. Amphenol’s dividend payout ratio (DPR) is presently 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.