Glenmede Trust Co. NA Has $109.65 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Glenmede Trust Co. NA boosted its position in shares of Amphenol Co. (NYSE:APH) by 11.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,682,734 shares of the electronics maker’s stock after buying an additional 177,510 shares during the quarter. Glenmede Trust Co. NA’s holdings in Amphenol were worth $109,647,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. boosted its stake in Amphenol by 0.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after acquiring an additional 80 shares during the last quarter. Heartland Bank & Trust Co bought a new position in shares of Amphenol in the 1st quarter worth $519,000. Citizens Financial Group Inc. RI grew its stake in shares of Amphenol by 121.8% during the first quarter. Citizens Financial Group Inc. RI now owns 4,688 shares of the electronics maker’s stock worth $541,000 after purchasing an additional 2,574 shares during the period. Sanibel Captiva Trust Company Inc. increased its holdings in Amphenol by 137.9% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 9,422 shares of the electronics maker’s stock valued at $1,087,000 after purchasing an additional 5,462 shares during the last quarter. Finally, Swedbank AB acquired a new position in Amphenol in the first quarter valued at about $121,133,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APH has been the subject of several analyst reports. Truist Financial boosted their target price on Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Bank of America boosted 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. Evercore ISI lifted 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. TD Cowen increased their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Robert W. Baird boosted their price objective on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research 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 company. Based on data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Insider Transactions at Amphenol

In other news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Silverman sold 180,000 shares of Amphenol 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 sale, the vice president now directly owns 14,000 shares of the company’s stock, valued at approximately $963,760. The trade was a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 in the last ninety days. Insiders own 1.80% of the company’s stock.

Amphenol Price Performance

Shares of NYSE APH opened at $73.27 on Wednesday. Amphenol Co. has a fifty-two week low of $44.81 and a fifty-two week high of $74.93. The stock has a market capitalization of $88.34 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 2.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The business has a 50-day moving average of $68.04 and a 200-day moving average of $66.53.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 EPS. As a group, sell-side analysts predict that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

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.