Amphenol Co. (NYSE:APH) Shares Sold by Blue Trust Inc.

Blue Trust Inc. cut its holdings in shares of Amphenol Co. (NYSE:APH) by 92.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 585 shares of the electronics maker’s stock after selling 7,041 shares during the period. Blue Trust Inc.’s holdings in Amphenol were worth $58,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Peoples Bank KS acquired a new position in shares of Amphenol in the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Amphenol in the 3rd quarter valued at $34,000. Sunbelt Securities Inc. acquired a new position in shares of Amphenol in the 1st quarter valued at $33,000. Altshuler Shaham Ltd acquired a new position in shares of Amphenol in the 4th quarter valued at $33,000. Finally, First Financial Corp IN acquired a new position in shares of Amphenol in the 4th quarter valued at $49,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Trading Up 2.0 %

APH stock opened at $117.41 on Friday. The company’s 50-day simple moving average is $108.50 and its 200-day simple moving average is $96.26. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. Amphenol Co. has a 52-week low of $72.00 and a 52-week high of $119.59. The firm has a market cap of $70.43 billion, a P/E ratio of 37.44, a PEG ratio of 3.29 and a beta of 1.30.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. Amphenol’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. As a group, equities analysts forecast that Amphenol Co. will post 3.28 EPS for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Monday, March 18th. Amphenol’s dividend payout ratio is presently 28.30%.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Amphenol news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares in the company, valued at $2,692,075. The disclosure for this sale can be found here. In the last three months, insiders have sold 305,000 shares of company stock valued at $31,846,050. 2.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on APH. Stifel Nicolaus increased their price target on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Robert W. Baird increased their price target on Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. The Goldman Sachs Group increased their price target on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Truist Financial increased their price target on Amphenol from $97.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, Citigroup increased their price target on Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $106.20.

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.