Central Pacific Bank Trust Division Has $3.20 Million Holdings in Amphenol Co. (NYSE:APH)

Central Pacific Bank Trust Division decreased its holdings in Amphenol Co. (NYSE:APH) by 11.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,090 shares of the electronics maker’s stock after selling 5,680 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Amphenol were worth $3,201,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of APH. GAMMA Investing LLC increased its holdings in shares of Amphenol by 15.1% during the fourth quarter. GAMMA Investing LLC now owns 35,570 shares of the electronics maker’s stock worth $2,470,000 after purchasing an additional 4,676 shares during the period. Versant Capital Management Inc grew its position in Amphenol by 142.9% during the fourth quarter. Versant Capital Management Inc now owns 1,630 shares of the electronics maker’s stock worth $113,000 after buying an additional 959 shares in the last quarter. Dudley & Shanley Inc. increased its stake in Amphenol by 0.4% during the 3rd quarter. Dudley & Shanley Inc. now owns 438,370 shares of the electronics maker’s stock worth $28,564,000 after acquiring an additional 1,700 shares during the period. Principal Financial Group Inc. raised its holdings in Amphenol by 73.9% in the 3rd quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker’s stock valued at $168,851,000 after acquiring an additional 1,101,368 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of Amphenol during the 3rd quarter worth $9,614,000. Institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the transaction, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at $14,997,656.16. This represents a 40.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Amphenol Trading Up 1.6 %

NYSE:APH traded up $1.12 during mid-day trading on Friday, hitting $70.13. 1,974,355 shares of the company’s stock were exchanged, compared to its average volume of 3,066,022. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. Amphenol Co. has a fifty-two week low of $46.94 and a fifty-two week high of $75.78. The company has a 50 day simple moving average of $71.67 and a 200-day simple moving average of $67.57. The firm has a market capitalization of $84.55 billion, a P/E ratio of 40.30, a PEG ratio of 2.44 and a beta of 1.24.

Amphenol (NYSE:APH) last issued 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. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. Amphenol’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. As a group, research analysts expect that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is 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.