Amphenol Co. (NYSE:APH) Shares Bought by Mechanics Bank Trust Department

Mechanics Bank Trust Department grew its stake in shares of Amphenol Co. (NYSE:APH) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,330 shares of the electronics maker’s stock after acquiring an additional 272 shares during the period. Mechanics Bank Trust Department’s holdings in Amphenol were worth $1,585,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of APH. Bank of New York Mellon Corp lifted its position in shares of Amphenol by 92.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock valued at $2,468,301,000 after acquiring an additional 17,552,921 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Amphenol by 69.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock valued at $1,564,711,000 after acquiring an additional 9,487,387 shares during the period. Mawer Investment Management Ltd. raised its position in shares of Amphenol by 88.9% during the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after purchasing an additional 7,275,279 shares during the last quarter. Legal & General Group Plc raised its position in shares of Amphenol by 116.6% during the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock worth $662,458,000 after purchasing an additional 5,293,292 shares during the last quarter. Finally, National Bank of Canada FI raised its position in shares of Amphenol by 263.0% during the 2nd quarter. National Bank of Canada FI now owns 3,568,426 shares of the electronics maker’s stock worth $240,935,000 after purchasing an additional 2,585,282 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the sale, the vice president now directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 1,516,000 shares of company stock valued at $98,236,640. Company insiders own 1.80% of the company’s stock.

Amphenol Stock Up 1.5 %

Shares of NYSE APH opened at $65.56 on Friday. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84. The firm has a fifty day moving average of $64.13 and a 200-day moving average of $63.93. The stock has a market capitalization of $78.75 billion, a PE ratio of 40.22, a P/E/G ratio of 2.56 and a beta of 1.24. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56.

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

Amphenol Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. Amphenol’s dividend payout ratio is presently 40.49%.

Analyst Upgrades and Downgrades

APH has been the subject of several research reports. UBS Group lifted their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Truist Financial lifted their price objective on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Vertical Research initiated coverage on Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective for the company. Robert W. Baird cut their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Bank of America cut their price objective on Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday. Five 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. According to data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

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.