First National Bank of Hutchinson Sells 1,071 Shares of Amphenol Co. (NYSE:APH)

First National Bank of Hutchinson cut its holdings in Amphenol Co. (NYSE:APH) by 11.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,903 shares of the electronics maker’s stock after selling 1,071 shares during the period. First National Bank of Hutchinson’s holdings in Amphenol were worth $515,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of Amphenol during the 3rd quarter worth about $81,670,000. Commerzbank Aktiengesellschaft FI boosted its position in Amphenol by 36.6% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 7,188 shares of the electronics maker’s stock worth $469,000 after purchasing an additional 1,927 shares during the period. Community Trust & Investment Co. grew its holdings in Amphenol by 0.7% during the third quarter. Community Trust & Investment Co. now owns 271,533 shares of the electronics maker’s stock valued at $17,693,000 after purchasing an additional 1,927 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Amphenol by 5.6% in the third quarter. Private Advisor Group LLC now owns 39,185 shares of the electronics maker’s stock valued at $2,553,000 after purchasing an additional 2,061 shares during the period. Finally, Eastern Bank acquired a new stake in shares of Amphenol in the third quarter worth $54,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Up 2.4 %

Shares of APH stock opened at $68.47 on Thursday. The firm has a fifty day moving average of $64.96 and a 200-day moving average of $64.47. The stock has a market cap of $82.25 billion, a price-to-earnings ratio of 42.01, a P/E/G ratio of 2.56 and a beta of 1.24. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $71.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities research analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at Amphenol

In other Amphenol news, insider Luc Walter sold 170,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $64.10, for a total value of $10,897,000.00. Following the sale, the insider now directly owns 447,790 shares in the company, valued at $28,703,339. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Luc Walter sold 170,000 shares of Amphenol stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $64.10, for a total transaction of $10,897,000.00. Following the completion of the transaction, the insider now directly owns 447,790 shares of the company’s stock, valued at $28,703,339. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,516,000 shares of company stock valued at $98,236,640. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. UBS Group lifted their target price on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Truist Financial boosted their price objective on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Robert W. Baird lowered their target price on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Bank of America cut their price target on Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, Vertical Research assumed coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Five 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $66.50.

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.