Amphenol Co. (NYSE:APH) Shares Bought by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. increased its position in Amphenol Co. (NYSE:APH) by 41.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 63,504 shares of the electronics maker’s stock after acquiring an additional 18,535 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Amphenol were worth $4,138,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of APH. Chilton Investment Co. Inc. raised its position in shares of Amphenol by 134.3% in the fourth quarter. Chilton Investment Co. Inc. now owns 11,408 shares of the electronics maker’s stock valued at $1,131,000 after buying an additional 6,540 shares during the last quarter. Bradley Foster & Sargent Inc. CT raised its position in shares of Amphenol by 7.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 510,708 shares of the electronics maker’s stock valued at $50,626,000 after buying an additional 35,102 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Amphenol by 39.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock valued at $2,899,059,000 after buying an additional 8,340,759 shares during the last quarter. Okabena Investment Services Inc. raised its position in shares of Amphenol by 139.7% in the fourth quarter. Okabena Investment Services Inc. now owns 13,798 shares of the electronics maker’s stock valued at $1,368,000 after buying an additional 8,042 shares during the last quarter. Finally, Oarsman Capital Inc. raised its position in shares of Amphenol by 10.0% in the fourth quarter. Oarsman Capital Inc. now owns 12,516 shares of the electronics maker’s stock valued at $1,241,000 after buying an additional 1,137 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on APH shares. Bank of America cut their price objective on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Truist Financial upped their price target on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Finally, Vertical Research began coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $66.50.

Insider Activity

In other Amphenol news, insider Luc Walter sold 170,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the transaction, the insider now directly owns 447,790 shares in the company, valued at $28,703,339. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Amphenol news, insider Luc Walter sold 170,000 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the sale, the insider now directly owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the sale, the vice president now directly owns 51,400 shares in the company, valued at $3,323,010. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,516,000 shares of company stock worth $98,236,640. 1.80% of the stock is currently owned by company insiders.

Amphenol Price Performance

APH opened at $64.56 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84. The company has a 50 day moving average of $63.95 and a two-hundred day moving average of $63.82. The company has a market cap of $77.54 billion, a P/E ratio of 39.60, a P/E/G ratio of 2.59 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 earnings per share. On average, analysts expect that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.66 annualized dividend and a dividend yield of 1.02%. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

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.