Truist Financial Corp Has $8.95 Million Stock Position in Amphenol Co. (NYSE:APH)

Truist Financial Corp grew its stake in shares of Amphenol Co. (NYSE:APH) by 4.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 90,268 shares of the electronics maker’s stock after buying an additional 3,777 shares during the quarter. Truist Financial Corp’s holdings in Amphenol were worth $8,948,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Peoples Bank KS acquired a new position in shares of Amphenol during the third quarter valued at about $27,000. Mendota Financial Group LLC acquired a new position in shares of Amphenol during the fourth quarter valued at about $33,000. Venturi Wealth Management LLC raised its holdings in shares of Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 142 shares during the period. Avior Wealth Management LLC raised its holdings in shares of Amphenol by 70.8% during the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 138 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Amphenol during the third quarter valued at about $34,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Up 1.5 %

NYSE:APH opened at $121.00 on Friday. Amphenol Co. has a 52 week low of $72.77 and a 52 week high of $123.60. The firm has a 50-day moving average price of $113.27 and a two-hundred day moving average price of $100.73. The firm has a market cap of $72.67 billion, a price-to-earnings ratio of 37.00, a price-to-earnings-growth ratio of 3.07 and a beta of 1.27. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. Amphenol’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. On average, equities analysts expect that Amphenol Co. will post 3.34 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.73%. Amphenol’s payout ratio is 26.91%.

Amphenol announced that its board has authorized a stock buyback plan on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on APH shares. Stifel Nicolaus upped their price objective on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, January 25th. Truist Financial upped their target price on shares of Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. UBS Group upped their target price on shares of Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Evercore ISI upped their target price on shares of Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, Robert W. Baird upped their target price on shares of Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.83.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the sale, the chief financial officer now owns 147,045 shares in the company, valued at approximately $15,391,200.15. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares in the company, valued at approximately $2,692,075. The disclosure for this sale can be found here. Insiders sold a total of 135,000 shares of company stock valued at $14,251,050 in the last three months. Company 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.