Central Pacific Bank Trust Division Has $3.20 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Central Pacific Bank Trust Division lowered its holdings in Amphenol Co. (NYSE:APH) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,090 shares of the electronics maker’s stock after selling 5,680 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Amphenol were worth $3,201,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in APH. GAMMA Investing LLC lifted its stake in shares of Amphenol by 15.1% during the fourth quarter. GAMMA Investing LLC now owns 35,570 shares of the electronics maker’s stock valued at $2,470,000 after acquiring an additional 4,676 shares during the period. Versant Capital Management Inc lifted its position in Amphenol by 142.9% during the 4th quarter. Versant Capital Management Inc now owns 1,630 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 959 shares during the period. Dudley & Shanley Inc. boosted its stake in shares of Amphenol by 0.4% in the 3rd quarter. Dudley & Shanley Inc. now owns 438,370 shares of the electronics maker’s stock valued at $28,564,000 after purchasing an additional 1,700 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Amphenol by 73.9% during the 3rd quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker’s stock worth $168,851,000 after buying an additional 1,101,368 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Amphenol during the third quarter worth approximately $9,614,000. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

APH has been the subject of a number of analyst reports. TD Cowen lifted 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 upped their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America raised their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Truist Financial upped 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, Robert W. Baird lifted 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. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.63.

Insider Activity at Amphenol

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were 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 quarter, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by insiders.

Amphenol Stock Up 1.6 %

APH stock traded up $1.12 during trading hours on Friday, reaching $70.13. 1,974,355 shares of the stock were exchanged, compared to its average volume of 3,066,022. 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 company has a market cap of $84.55 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 2.44 and a beta of 1.24. Amphenol Co. has a 12 month low of $46.94 and a 12 month high of $75.78. The firm’s 50-day moving average is $71.67 and its 200-day moving average is $67.57.

Amphenol (NYSE:APH) last issued 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. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same period last year, the business earned $0.39 EPS. The business’s quarterly revenue was up 26.3% on a year-over-year basis. On average, equities research analysts expect that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Tuesday, December 17th. Amphenol’s payout ratio is 37.93%.

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.