Heartland Bank & Trust Co Lowers Position in Amphenol Co. (NYSE:APH)

Heartland Bank & Trust Co trimmed its stake in Amphenol Co. (NYSE:APH) by 3.0% during the 4th quarter, Holdings Channel reports. The firm owned 7,063 shares of the electronics maker’s stock after selling 215 shares during the quarter. Heartland Bank & Trust Co’s holdings in Amphenol were worth $491,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of APH. Trifecta Capital Advisors LLC increased its holdings in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the last quarter. Core Alternative Capital lifted its stake in 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 last quarter. Brown Brothers Harriman & Co. boosted its holdings in shares of Amphenol by 50.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares in the last quarter. Continuum Advisory LLC increased its position in shares of Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after purchasing an additional 234 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its holdings in shares of Amphenol by 100.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after buying an additional 324 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on APH shares. TD Cowen increased their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Evercore ISI lifted their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Robert W. Baird upped their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Truist Financial increased their target price on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday. Five equities 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.68.

Insider Transactions at Amphenol

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’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 transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock valued at $128,858,080 in the last three months. 1.80% of the stock is currently owned by company insiders.

Amphenol Trading Down 1.9 %

Shares of APH opened at $77.10 on Monday. Amphenol Co. has a 1-year low of $49.38 and a 1-year high of $79.39. The firm has a market capitalization of $92.95 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 2.12 and a beta of 1.24. The firm’s 50-day moving average price is $72.12 and its 200-day moving average price is $67.98. The company has a current ratio of 2.37, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4,051,810 billion. During the same quarter in the prior year, the business earned $0.82 EPS. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. Sell-side analysts anticipate that Amphenol Co. will post 2.17 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

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.