Kennebec Savings Bank Takes $78,000 Position in Amphenol Co. (NYSE:APH)

Kennebec Savings Bank purchased a new position in shares of Amphenol Co. (NYSE:APH) in the third quarter, HoldingsChannel reports. The institutional investor purchased 1,200 shares of the electronics maker’s stock, valued at approximately $78,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC raised its holdings in shares of Amphenol by 23.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 4,979 shares of the electronics maker’s stock valued at $574,000 after buying an additional 945 shares during the period. Sei Investments Co. raised its stake in shares of Amphenol by 12.7% during the first quarter. Sei Investments Co. now owns 301,067 shares of the electronics maker’s stock valued at $34,728,000 after purchasing an additional 33,913 shares during the period. NorthRock Partners LLC lifted its position in shares of Amphenol by 22.7% during the first quarter. NorthRock Partners LLC now owns 3,140 shares of the electronics maker’s stock worth $362,000 after purchasing an additional 580 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Amphenol by 1.8% in the first quarter. Russell Investments Group Ltd. now owns 412,038 shares of the electronics maker’s stock valued at $47,528,000 after purchasing an additional 7,183 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Amphenol by 0.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 131,686 shares of the electronics maker’s stock valued at $15,190,000 after purchasing an additional 664 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Bank of America upped their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Evercore ISI increased their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Robert W. Baird raised their price objective on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Truist Financial increased their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, TD Cowen raised their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Five investment 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Insider Buying and Selling

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This trade 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 can be accessed through this link. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold a total of 2,242,672 shares of company stock worth $155,170,080 in the last three months. 1.80% of the stock is owned by insiders.

Amphenol Stock Down 0.6 %

Shares of NYSE:APH opened at $73.41 on Tuesday. The company’s fifty day moving average is $65.71 and its two-hundred day moving average is $65.63. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a 1-year low of $43.05 and a 1-year high of $74.70. The stock has a market capitalization of $88.50 billion, a price-to-earnings ratio of 42.19, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. Amphenol’s quarterly revenue was up 26.3% on a year-over-year basis. Equities analysts anticipate that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

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

Amphenol 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.