West Coast Financial LLC Trims Stock Position in Amphenol Co. (NYSE:APH)

West Coast Financial LLC reduced its stake in shares of Amphenol Co. (NYSE:APH) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 246,014 shares of the electronics maker’s stock after selling 2,643 shares during the period. Amphenol accounts for approximately 1.9% of West Coast Financial LLC’s investment portfolio, making the stock its 10th biggest position. West Coast Financial LLC’s holdings in Amphenol were worth $17,086,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Trifecta Capital Advisors LLC increased its position in shares of Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the period. Core Alternative Capital grew its holdings in Amphenol by 100.0% during the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 231 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares in the last quarter. Continuum Advisory LLC grew its stake in Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares during the period. Finally, Sunbelt Securities Inc. increased its stake in shares of Amphenol by 100.3% in the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after acquiring an additional 324 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 300,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 318,116 shares of the company’s stock, valued at $22,764,380.96. This trade represents a 48.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were 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 have sold 1,842,672 shares of company stock worth $128,858,080 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen boosted their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Truist Financial increased their price target on Amphenol from $76.00 to $82.00 and gave the stock a “buy” 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. Finally, Bank of America upped their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.63.

Amphenol Stock Up 0.5 %

APH opened at $71.29 on Thursday. Amphenol Co. has a fifty-two week low of $47.38 and a fifty-two week high of $75.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The company’s 50-day moving average is $72.01 and its 200 day moving average is $67.69. The firm has a market capitalization of $85.95 billion, a P/E ratio of 40.97, a PEG ratio of 2.01 and a beta of 1.24.

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

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 37.93%.

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.