Sanibel Captiva Trust Company Inc. Boosts Holdings in Amphenol Co. (NYSE:APH)

Sanibel Captiva Trust Company Inc. raised its holdings in Amphenol Co. (NYSE:APH) by 41.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 63,504 shares of the electronics maker’s stock after purchasing an additional 18,535 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Amphenol were worth $4,138,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. boosted its stake in shares of Amphenol by 0.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock worth $3,609,000 after acquiring an additional 80 shares in the last quarter. Atomi Financial Group Inc. boosted its stake in shares of Amphenol by 1.7% during the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock worth $544,000 after acquiring an additional 81 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Amphenol by 1.5% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after acquiring an additional 88 shares in the last quarter. Nicolet Advisory Services LLC boosted its stake in shares of Amphenol by 3.4% during the 1st quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock worth $313,000 after acquiring an additional 89 shares in the last quarter. Finally, Webster Bank N. A. boosted its stake in shares of Amphenol by 16.2% during the 1st quarter. Webster Bank N. A. now owns 697 shares of the electronics maker’s stock worth $80,000 after acquiring an additional 97 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial increased their price objective on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. UBS Group increased their price target on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Vertical Research initiated coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.50.

Insider Activity

In other news, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 750,000 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,516,000 shares of company stock valued at $98,236,640 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Amphenol Price Performance

Shares of APH opened at $64.56 on Friday. Amphenol Co. has a twelve month low of $39.34 and a twelve month high of $70.84. The firm’s fifty day simple moving average is $63.95 and its 200-day simple moving average is $63.82. The firm has a market capitalization of $77.54 billion, a price-to-earnings ratio of 39.60, a PEG ratio of 2.59 and a beta of 1.24. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56.

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

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Tuesday, September 17th. Amphenol’s payout ratio is 40.49%.

Amphenol 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.