Norway Savings Bank Lowers Stake in Amphenol Co. (NYSE:APH)

Norway Savings Bank decreased its holdings in shares of Amphenol Co. (NYSE:APH) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,061 shares of the electronics maker’s stock after selling 175 shares during the period. Amphenol accounts for 2.0% of Norway Savings Bank’s portfolio, making the stock its 13th largest position. Norway Savings Bank’s holdings in Amphenol were worth $3,685,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sachetta LLC increased its position in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after buying an additional 249 shares in the last quarter. Trifecta Capital Advisors LLC raised its position in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the last quarter. Bell Investment Advisors Inc boosted its stake in Amphenol by 83.3% in the 2nd quarter. Bell Investment Advisors Inc now owns 462 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 210 shares in the last quarter. Core Alternative Capital grew its position in Amphenol by 100.0% during the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 231 shares during the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 166 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on APH shares. Evercore ISI increased their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report 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. Bank of America boosted their price target on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. TD Cowen increased their price objective on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Robert W. Baird boosted their target price on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and an average target price of $69.63.

Amphenol Stock Performance

NYSE APH traded up $0.33 during trading hours on Tuesday, hitting $71.46. 2,869,326 shares of the company’s stock traded hands, compared to its average volume of 4,199,471. Amphenol Co. has a 52 week low of $47.38 and a 52 week high of $75.78. The firm has a market capitalization of $86.15 billion, a P/E ratio of 41.07, a P/E/G ratio of 2.44 and a beta of 1.24. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average price is $71.73 and its two-hundred day moving average price is $67.57.

Amphenol (NYSE:APH) last issued its quarterly earnings data 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. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 EPS. Equities research analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders 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 dividend yield of 0.92%. Amphenol’s payout ratio is currently 37.93%.

Insider Buying and Selling

In other news, insider Peter Straub sold 132,000 shares of the business’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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Craig A. Lampo sold 150,000 shares of the firm’s 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. The trade was a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by corporate insiders.

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.