Vestcor Inc Has $4.64 Million Position in Amphenol Co. (NYSE:APH)

Vestcor Inc reduced its holdings in Amphenol Co. (NYSE:APH) by 4.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,184 shares of the electronics maker’s stock after selling 3,021 shares during the period. Vestcor Inc’s holdings in Amphenol were worth $4,638,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Executive Wealth Management LLC acquired a new position in Amphenol in the third quarter valued at approximately $3,150,000. Continuum Advisory LLC lifted its holdings in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares during the period. EWA LLC raised its holdings in Amphenol by 5.7% in the third quarter. EWA LLC now owns 5,049 shares of the electronics maker’s stock worth $329,000 after purchasing an additional 272 shares during the period. Cape Cod Five Cents Savings Bank raised its holdings in Amphenol by 75.2% in the third quarter. Cape Cod Five Cents Savings Bank now owns 87,097 shares of the electronics maker’s stock worth $5,868,000 after purchasing an additional 37,370 shares during the period. Finally, Roffman Miller Associates Inc. PA raised its holdings in Amphenol by 3.1% in the third quarter. Roffman Miller Associates Inc. PA now owns 499,141 shares of the electronics maker’s stock worth $32,524,000 after purchasing an additional 14,861 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

APH has been the topic of several analyst reports. Truist Financial increased their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. TD Cowen increased their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Evercore ISI increased their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America increased their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Finally, Robert W. Baird raised their price objective on shares of Amphenol from $71.00 to $77.00 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Stock Down 1.4 %

Shares of APH stock opened at $72.63 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. Amphenol Co. has a 1 year low of $46.82 and a 1 year high of $74.93. The firm’s fifty day moving average price is $69.51 and its two-hundred day moving average price is $67.00. The firm has a market capitalization of $87.56 billion, a P/E ratio of 41.74, a PEG ratio of 2.47 and a beta of 1.24.

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

Amphenol Announces Dividend

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

Insider Activity

In other news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock valued at $128,858,080 in the last quarter. Company insiders own 1.80% of the company’s stock.

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.