Fulton Bank N.A. Cuts Stock Position in Amphenol Co. (NYSE:APH)

Fulton Bank N.A. lowered its holdings in Amphenol Co. (NYSE:APH) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,295 shares of the electronics maker’s stock after selling 1,514 shares during the period. Fulton Bank N.A.’s holdings in Amphenol were worth $5,854,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC grew 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 in the last quarter. Sachetta LLC increased its position in shares of Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the last quarter. Bell Investment Advisors Inc raised its holdings in shares of Amphenol by 83.3% in the 2nd quarter. Bell Investment Advisors Inc now owns 462 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 210 shares in the last quarter. Core Alternative Capital grew its stake in shares of Amphenol by 100.0% during the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 231 shares in the last quarter. Finally, Continuum Advisory LLC increased its holdings in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Amphenol Trading Up 0.6 %

Shares of NYSE:APH traded up $0.43 during midday trading on Wednesday, reaching $71.89. The company’s stock had a trading volume of 3,615,419 shares, compared to its average volume of 4,556,244. The business has a 50 day moving average price of $71.79 and a 200 day moving average price of $67.59. Amphenol Co. has a 1 year low of $47.38 and a 1 year high of $75.78. The firm has a market cap of $86.67 billion, a price-to-earnings ratio of 41.32, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

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

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 37.93%.

Insider Buying and Selling

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares in the company, valued at $14,997,656.16. This represents a 40.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the sale, 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 disclosure for this sale can be found here. In the last three months, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Company insiders own 1.80% of the company’s stock.

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.