CNB Bank Sells 306 Shares of Amphenol Co. (NYSE:APH)

CNB Bank decreased its stake in Amphenol Co. (NYSE:APH) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,436 shares of the electronics maker’s stock after selling 306 shares during the period. CNB Bank’s holdings in Amphenol were worth $586,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trifecta Capital Advisors LLC increased its position in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after purchasing an additional 338 shares during the last quarter. Core Alternative Capital grew its stake in shares of Amphenol by 100.0% in the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock valued at $31,000 after buying an additional 231 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after buying an additional 166 shares during the last quarter. Continuum Advisory LLC raised its position in Amphenol by 89.3% during the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after acquiring an additional 324 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity

In other Amphenol news, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now directly owns 218,116 shares in the company, valued at $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Silverman sold 180,000 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were 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. This represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Stock Down 0.2 %

Shares of APH opened at $69.75 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $84.09 billion, a PE ratio of 39.92, a P/E/G ratio of 2.01 and a beta of 1.24. The firm’s 50 day moving average is $71.99 and its 200-day moving average is $67.72. Amphenol Co. has a 12 month low of $47.76 and a 12 month high of $75.78.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. Equities research analysts forecast that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.95%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

Wall Street Analysts Forecast Growth

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

About Amphenol

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.