West Coast Financial LLC Reduces Stock Holdings in Amphenol Co. (NYSE:APH)

West Coast Financial LLC lowered its stake in Amphenol Co. (NYSE:APH) by 0.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 248,657 shares of the electronics maker’s stock after selling 1,978 shares during the period. Amphenol makes up 1.8% of West Coast Financial LLC’s portfolio, making the stock its 10th largest holding. West Coast Financial LLC’s holdings in Amphenol were worth $16,203,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the company. Chilton Investment Co. Inc. raised its holdings in Amphenol by 134.3% in the 4th quarter. Chilton Investment Co. Inc. now owns 11,408 shares of the electronics maker’s stock valued at $1,131,000 after acquiring an additional 6,540 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its stake in shares of Amphenol by 7.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 510,708 shares of the electronics maker’s stock valued at $50,626,000 after acquiring an additional 35,102 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Amphenol by 39.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock worth $2,899,059,000 after purchasing an additional 8,340,759 shares during the last quarter. Okabena Investment Services Inc. increased its holdings in Amphenol by 139.7% in the fourth quarter. Okabena Investment Services Inc. now owns 13,798 shares of the electronics maker’s stock valued at $1,368,000 after purchasing an additional 8,042 shares during the period. Finally, Oarsman Capital Inc. raised its position in Amphenol by 10.0% during the 4th quarter. Oarsman Capital Inc. now owns 12,516 shares of the electronics maker’s stock worth $1,241,000 after purchasing an additional 1,137 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In related news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock valued at $98,236,640 in the last quarter. Corporate insiders own 1.80% of the company’s stock.

Amphenol Price Performance

APH stock traded up $0.65 during mid-day trading on Friday, reaching $65.21. 1,383,427 shares of the company traded hands, compared to its average volume of 6,485,671. The company has a fifty day moving average price of $64.00 and a 200-day moving average price of $63.83. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84. The company has a market capitalization of $78.53 billion, a P/E ratio of 38.54, a P/E/G ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. As a group, analysts anticipate that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is 39.40%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on APH. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. Bank of America cut their price target on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday. Stifel Nicolaus reissued a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Truist Financial raised their target price on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, UBS Group increased their price target on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.50.

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.