Arrow Financial Corp Raises Stock Holdings in Amphenol Co. (NYSE:APH)

Arrow Financial Corp boosted its position in Amphenol Co. (NYSE:APH) by 1.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 76,857 shares of the electronics maker’s stock after purchasing an additional 730 shares during the period. Arrow Financial Corp’s holdings in Amphenol were worth $5,008,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APH. Envestnet Portfolio Solutions Inc. boosted its position in Amphenol by 3.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 36,277 shares of the electronics maker’s stock worth $4,185,000 after acquiring an additional 1,173 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Amphenol by 102.1% in the first quarter. Empowered Funds LLC now owns 28,838 shares of the electronics maker’s stock worth $3,326,000 after acquiring an additional 14,568 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in Amphenol by 78.8% in the first quarter. Oppenheimer & Co. Inc. now owns 26,645 shares of the electronics maker’s stock valued at $3,074,000 after purchasing an additional 11,741 shares during the period. Illinois Municipal Retirement Fund increased its position in Amphenol by 40.0% during the first quarter. Illinois Municipal Retirement Fund now owns 34,984 shares of the electronics maker’s stock worth $4,035,000 after purchasing an additional 9,991 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its stake in Amphenol by 1.7% during the first quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock worth $544,000 after purchasing an additional 81 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Trading Down 0.1 %

NYSE APH opened at $73.87 on Friday. The company’s fifty day simple moving average is $65.71 and its 200-day simple moving average is $65.52. The stock has a market cap of $89.06 billion, a P/E ratio of 42.45, a PEG ratio of 2.40 and a beta of 1.23. Amphenol Co. has a 52 week low of $42.44 and a 52 week high of $74.60. 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 (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business posted $0.39 EPS. The firm’s revenue was up 26.3% compared to the same quarter last year. Equities research analysts predict that Amphenol Co. will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.89%. Amphenol’s dividend payout ratio is presently 37.93%.

Insider Buying and Selling at Amphenol

In other news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,373,382. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,242,672 shares of company stock valued at $155,170,080 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Bank of America boosted their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. TD Cowen upped their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Vertical Research initiated coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Robert W. Baird increased their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Evercore ISI lifted their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.