Bath Savings Trust Co Raises Stock Position in Amphenol Co. (NYSE:APH)

Bath Savings Trust Co lifted its position in Amphenol Co. (NYSE:APH) by 108.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,137 shares of the electronics maker’s stock after purchasing an additional 10,491 shares during the quarter. Bath Savings Trust Co’s holdings in Amphenol were worth $1,399,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of APH. Trifecta Capital Advisors LLC increased its position in Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after acquiring an additional 338 shares during the period. Sachetta LLC increased its holdings in shares of Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the period. Bell Investment Advisors Inc raised its stake in shares of Amphenol by 83.3% during the second quarter. Bell Investment Advisors Inc now owns 462 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 210 shares during the last quarter. Core Alternative Capital lifted its holdings in shares of Amphenol by 100.0% during the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 231 shares during the period. Finally, Continuum Advisory LLC grew its position in Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Price Performance

APH stock traded up $0.30 on Tuesday, reaching $71.43. The company had a trading volume of 2,025,237 shares, compared to its average volume of 4,027,269. 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 1 year low of $47.38 and a 1 year high of $75.78. The company’s fifty day moving average is $71.73 and its 200 day moving average is $67.57. The company has a market cap of $86.12 billion, a P/E ratio of 41.05, a PEG ratio of 2.44 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. On average, research analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio is presently 37.93%.

Insider Transactions at Amphenol

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This represents a 31.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the sale, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. This trade represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 over the last quarter. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on APH. Truist Financial raised their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Bank of America raised their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. TD Cowen boosted their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Evercore ISI raised their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Robert W. Baird upped their price objective on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $69.63.

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.