First National Trust Co Has $870,000 Stake in Amphenol Co. (NYSE:APH)

First National Trust Co cut its stake in shares of Amphenol Co. (NYSE:APH) by 27.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,781 shares of the electronics maker’s stock after selling 3,329 shares during the period. First National Trust Co’s holdings in Amphenol were worth $870,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in APH. Benjamin F. Edwards & Company Inc. increased its stake in shares of Amphenol by 228.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 110,298 shares of the electronics maker’s stock worth $10,934,000 after acquiring an additional 76,724 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Amphenol in the 4th quarter valued at approximately $3,589,000. West Coast Financial LLC increased its holdings in Amphenol by 65.0% in the fourth quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker’s stock worth $12,779,000 after buying an additional 50,778 shares during the last quarter. Cerity Partners LLC raised its position in Amphenol by 63.4% during the fourth quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker’s stock valued at $3,793,000 after acquiring an additional 14,843 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Amphenol in the fourth quarter valued at approximately $2,875,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In other news, CFO Craig A. Lampo sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the transaction, the chief financial officer now directly owns 147,045 shares in the company, valued at $15,391,200.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the transaction, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the sale, the chief financial officer now owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,000 shares of company stock worth $14,251,050. Insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

NYSE APH traded up $1.64 during midday trading on Friday, hitting $122.64. The company had a trading volume of 3,279,406 shares, compared to its average volume of 3,774,823. The firm has a fifty day simple moving average of $113.58 and a two-hundred day simple moving average of $101.01. Amphenol Co. has a fifty-two week low of $72.77 and a fifty-two week high of $123.60. The company has a quick ratio of 1.43, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. The stock has a market cap of $73.66 billion, a price-to-earnings ratio of 37.50, a P/E/G ratio of 3.11 and a beta of 1.27.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.07. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the company earned $0.69 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. Equities analysts forecast that Amphenol Co. will post 3.35 earnings per share for the current fiscal year.

Amphenol declared that its board has authorized a share buyback plan on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be given a $0.22 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.72%. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Wall Street Analyst Weigh In

APH has been the topic of a number of recent research reports. UBS Group raised their price target on shares of Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Stifel Nicolaus upped their price target on Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Truist Financial increased their price objective on Amphenol from $121.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, April 25th. The Goldman Sachs Group boosted their target price on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Evercore ISI lifted their price target on shares of Amphenol from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.83.

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.