Huntington National Bank Raises Position in Amphenol Co. (NYSE:APH)

Huntington National Bank increased its holdings in Amphenol Co. (NYSE:APH) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,145 shares of the electronics maker’s stock after purchasing an additional 8,773 shares during the period. Huntington National Bank’s holdings in Amphenol were worth $8,154,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Beacon Capital Management LLC grew its holdings in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after buying an additional 206 shares during the period. New England Capital Financial Advisors LLC lifted its holdings in shares of Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares during the period. Sachetta LLC boosted its position in shares of Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 249 shares during the last quarter. Trifecta Capital Advisors LLC grew its holdings in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new position in Amphenol during the second quarter worth approximately $29,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

Amphenol stock opened at $72.59 on Friday. The firm has a market capitalization of $87.52 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 2.39 and a beta of 1.23. Amphenol Co. has a one year low of $44.42 and a one year high of $74.70. The stock’s 50 day moving average price is $66.25 and its 200 day moving average price is $65.86. 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 (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. As a group, sell-side analysts expect that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Tuesday, December 17th. Amphenol’s payout ratio is 37.93%.

Insider Buying and Selling

In other news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total value of $12,391,200.00. Following the completion of the sale, the vice president now directly owns 14,000 shares in the company, valued at approximately $963,760. The trade was a 92.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.