Argent Trust Co Reduces Position in Amphenol Corporation (APH)

Argent Trust Co decreased its stake in shares of Amphenol Corporation (NYSE:APH) by 5.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,367 shares of the electronics maker’s stock after selling 600 shares during the quarter. Argent Trust Co’s holdings in Amphenol were worth $877,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of APH. First Bank & Trust lifted its position in Amphenol by 0.5% during the second quarter. First Bank & Trust now owns 8,644 shares of the electronics maker’s stock valued at $638,000 after purchasing an additional 43 shares during the last quarter. People s United Financial Inc. lifted its position in Amphenol by 6.8% during the second quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock valued at $110,000 after purchasing an additional 95 shares during the last quarter. Advisor Partners LLC lifted its position in Amphenol by 4.5% during the second quarter. Advisor Partners LLC now owns 4,943 shares of the electronics maker’s stock valued at $365,000 after purchasing an additional 214 shares during the last quarter. Comerica Securities Inc. lifted its position in Amphenol by 6.2% during the second quarter. Comerica Securities Inc. now owns 4,213 shares of the electronics maker’s stock valued at $312,000 after purchasing an additional 245 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Amphenol by 3.9% during the second quarter. Janney Montgomery Scott LLC now owns 6,949 shares of the electronics maker’s stock valued at $513,000 after purchasing an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 96.52% of the company’s stock.

Amphenol Corporation (APH) opened at $89.80 on Monday. The company has a market cap of $27,419.45, a PE ratio of 28.51, a P/E/G ratio of 2.53 and a beta of 0.81. Amphenol Corporation has a 12 month low of $66.00 and a 12 month high of $91.26. The company has a quick ratio of 2.27, a current ratio of 3.04 and a debt-to-equity ratio of 0.87.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.09. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.74 billion. Amphenol had a net margin of 14.73% and a return on equity of 25.63%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. analysts forecast that Amphenol Corporation will post 3.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Monday, December 18th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, December 15th. Amphenol’s dividend payout ratio is presently 24.20%.

APH has been the topic of several recent analyst reports. Deutsche Bank increased their target price on shares of Amphenol from $95.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Amphenol from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Friday, September 22nd. Royal Bank Of Canada reissued a “top pick” rating and issued a $85.00 target price (up previously from $81.00) on shares of Amphenol in a research note on Tuesday, August 29th. Cowen reissued an “outperform” rating and issued a $95.00 target price (up previously from $85.00) on shares of Amphenol in a research note on Tuesday, October 10th. Finally, Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating in a research note on Friday, September 29th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $87.90.

In related news, Director Diana G. Reardon sold 503,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $90.73, for a total value of $45,637,190.00. Following the transaction, the director now owns 260,000 shares of the company’s stock, valued at approximately $23,589,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Adam Norwitt sold 220,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total transaction of $18,942,000.00. Following the completion of the transaction, the chief executive officer now directly owns 216,492 shares in the company, valued at approximately $18,639,961.20. The disclosure for this sale can be found here. Insiders sold a total of 849,000 shares of company stock worth $75,518,690 in the last ninety days. 2.51% of the stock is currently owned by insiders.

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About Amphenol

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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