Amphenol Co. (NYSE:APH) Shares Sold by Smithfield Trust Co

Smithfield Trust Co lowered its position in Amphenol Co. (NYSE:APH) by 16.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,595 shares of the electronics maker’s stock after selling 503 shares during the quarter. Smithfield Trust Co’s holdings in Amphenol were worth $255,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Peoples Bank KS purchased a new position in Amphenol in the third quarter worth approximately $27,000. Venturi Wealth Management LLC lifted its position in shares of Amphenol by 75.5% during the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after buying an additional 142 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of Amphenol by 70.8% during the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after buying an additional 138 shares during the last quarter. Mendota Financial Group LLC purchased a new stake in shares of Amphenol during the 4th quarter worth approximately $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Amphenol during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH opened at $127.57 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06. The stock has a market capitalization of $76.62 billion, a P/E ratio of 39.01, a P/E/G ratio of 3.24 and a beta of 1.27. The company’s fifty day moving average is $115.32 and its two-hundred day moving average is $102.58. Amphenol Co. has a 1 year low of $72.77 and a 1 year high of $128.63.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.07. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. Amphenol’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.69 EPS. On average, sell-side analysts predict that Amphenol Co. will post 3.35 earnings per share for the current year.

Amphenol declared that its board has authorized a share buyback program on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.88 annualized dividend and a yield of 0.69%. Amphenol’s dividend payout ratio is currently 26.91%.

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on APH shares. Evercore ISI boosted their price objective on shares of Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Robert W. Baird boosted their price objective on shares of Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Stifel Nicolaus boosted their price objective on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. Citigroup boosted their price objective on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Amphenol from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $118.83.

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.