NBC Securities Inc. Grows Stock Position in Amphenol Co. (NYSE:APH)

NBC Securities Inc. boosted its stake in shares of Amphenol Co. (NYSE:APH) by 9.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,302 shares of the electronics maker’s stock after purchasing an additional 376 shares during the quarter. NBC Securities Inc.’s holdings in Amphenol were worth $280,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of APH. Grove Bank & Trust increased its stake in shares of Amphenol by 13.3% during the third quarter. Grove Bank & Trust now owns 2,386 shares of the electronics maker’s stock worth $155,000 after buying an additional 280 shares during the period. Elk River Wealth Management LLC grew its holdings in Amphenol by 2.0% during the 3rd quarter. Elk River Wealth Management LLC now owns 112,375 shares of the electronics maker’s stock worth $7,341,000 after acquiring an additional 2,171 shares in the last quarter. Empirical Asset Management LLC increased its position in shares of Amphenol by 45.9% in the 3rd quarter. Empirical Asset Management LLC now owns 6,808 shares of the electronics maker’s stock valued at $444,000 after purchasing an additional 2,142 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Amphenol in the 3rd quarter valued at $81,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Amphenol by 9.8% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,053 shares of the electronics maker’s stock worth $785,000 after purchasing an additional 1,077 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of NYSE:APH opened at $67.46 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84. The company has a 50-day simple moving average of $64.76 and a 200-day simple moving average of $64.22. The stock has a market capitalization of $81.03 billion, a price-to-earnings ratio of 41.39, a PEG ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. On average, analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.98%. Amphenol’s payout ratio is currently 40.49%.

Insider Transactions at Amphenol

In related news, insider William J. Doherty sold 300,000 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amphenol news, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard Adam Norwitt sold 750,000 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,516,000 shares of company stock worth $98,236,640. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on APH shares. Robert W. Baird cut their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Vertical Research began coverage on Amphenol in a report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Truist Financial boosted 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. Bank of America dropped their price target on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, UBS Group upped their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Five 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $66.50.

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.