Banco Santander S.A. Sells 2,030 Shares of Amphenol Co. (NYSE:APH)

Banco Santander S.A. lowered its stake in Amphenol Co. (NYSE:APH) by 26.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,546 shares of the electronics maker’s stock after selling 2,030 shares during the period. Banco Santander S.A.’s holdings in Amphenol were worth $361,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CreativeOne Wealth LLC bought a new stake in shares of Amphenol during the 1st quarter valued at $281,000. Canada Pension Plan Investment Board increased its holdings in Amphenol by 996.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 219,456 shares of the electronics maker’s stock worth $25,314,000 after buying an additional 199,446 shares in the last quarter. Waterford Advisors LLC bought a new stake in shares of Amphenol in the first quarter worth approximately $631,000. Janus Henderson Group PLC raised its stake in Amphenol by 0.4% during the 1st quarter. Janus Henderson Group PLC now owns 817,170 shares of the electronics maker’s stock valued at $94,259,000 after buying an additional 3,090 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. lifted its holdings in Amphenol by 2.9% in the first quarter. Industrial Alliance Investment Management Inc. now owns 5,330 shares of the electronics maker’s stock valued at $615,000 after acquiring an additional 150 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on APH shares. TD Cowen lifted their target price on 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 boosted their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note 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 report on Thursday, October 24th. Bank of America boosted their price objective on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Finally, Evercore ISI raised their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Insider Activity

In other Amphenol news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David M. Silverman sold 180,000 shares of the company’s 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 of the company’s stock, valued at approximately $963,760. This trade represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock valued at $128,858,080 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Amphenol Trading Up 1.4 %

Shares of APH stock opened at $74.29 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a fifty-two week low of $44.81 and a fifty-two week high of $74.70. The stock has a market capitalization of $89.56 billion, a P/E ratio of 42.70, a price-to-earnings-growth ratio of 2.44 and a beta of 1.23. The company has a 50 day moving average price of $67.65 and a 200 day moving average price of $66.38.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. 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 firm posted $0.39 earnings per share. The company’s revenue was up 26.3% compared to the same quarter last year. Equities research analysts predict that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.89%. Amphenol’s payout ratio is 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.