Keybank National Association OH Purchases 749,432 Shares of Amphenol Corporation $APH

Keybank National Association OH raised its position in Amphenol Corporation (NYSE:APH) by 91.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,567,708 shares of the electronics maker’s stock after buying an additional 749,432 shares during the quarter. Keybank National Association OH owned about 0.06% of Amphenol worth $132,158,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vaquero Private Wealth Ltd. purchased a new stake in Amphenol in the 2nd quarter worth about $32,000. Clal Insurance Enterprises Holdings Ltd raised its stake in Amphenol by 85.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 91 shares during the period. Tompkins Financial Corp raised its stake in Amphenol by 81.9% in the 2nd quarter. Tompkins Financial Corp now owns 211 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 95 shares during the period. Wilkerson Advisory Group LLC lifted its holdings in Amphenol by 57.4% during the first quarter. Wilkerson Advisory Group LLC now owns 233 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 85 shares during the last quarter. Finally, Elevation Wealth Partners LLC lifted its holdings in Amphenol by 54.5% during the second quarter. Elevation Wealth Partners LLC now owns 241 shares of the electronics maker’s stock valued at $42,000 after purchasing an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE APH opened at $79.98 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.42 and a current ratio of 1.94. Amphenol Corporation has a fifty-two week low of $59.01 and a fifty-two week high of $89.93. The stock has a market cap of $197.50 billion, a PE ratio of 34.77, a price-to-earnings-growth ratio of 0.96 and a beta of 1.27. The stock has a fifty day moving average of $81.34 and a 200-day moving average of $75.57.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 28th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 42.53% and a net margin of 17.95%. The business had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. The firm’s quarterly revenue was up 65.1% on a year-over-year basis. Equities research analysts anticipate that Amphenol Corporation will post 2.83 earnings per share for the current year.

Amphenol Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Stockholders of record on Tuesday, December 22nd will be given a dividend of $0.15 per share. This is a drop from Amphenol’s previous quarterly dividend of $0.25. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 22nd. Amphenol’s dividend payout ratio (DPR) is currently 26.09%.

Amphenol announced that its board has authorized a share buyback program on Wednesday, October 28th that permits the company to buy back $4 billion in outstanding shares. This buyback authorization permits the electronics maker to purchase up to 2% of its stock through open market purchases. Share buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on APH shares. Wall Street Zen upgraded shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Sanford C. Bernstein reissued an “outperform” rating and issued a $102.00 price target on shares of Amphenol in a research report on Monday, November 2nd. Evercore set a $100.00 price target on shares of Amphenol in a research note on Wednesday, October 28th. Truist Financial upped their price target on shares of Amphenol from $107.50 to $112.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $107.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $108.32.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Norwitt sold 799,576 shares of the stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $82.48, for a total value of $65,949,028.48. Following the sale, the chief executive officer directly owned 3,855,014 shares of the company’s stock, valued at approximately $317,961,554.72. This represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.42% of the stock is currently owned by corporate insiders.

Amphenol Profile

Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, antennas and sensor products. Its offerings also include cable assemblies and related components used to transmit signals and power in electronic equipment and systems. The company serves customers in a range of markets, including communications and information technology, automotive, aerospace and defense, industrial, mobile devices and data networks. Its products are used in applications such as vehicles, communications infrastructure, commercial aircraft and industrial equipment.