Zions Bancorporation N.A. Lowers Stock Holdings in Amphenol Co. (NYSE:APH)

Zions Bancorporation N.A. lessened its holdings in Amphenol Co. (NYSE:APH) by 7.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,806 shares of the electronics maker’s stock after selling 242 shares during the period. Zions Bancorporation N.A.’s holdings in Amphenol were worth $183,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Texas Permanent School Fund Corp lifted its holdings in Amphenol by 61.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock worth $13,458,000 after purchasing an additional 75,753 shares in the last quarter. United Services Automobile Association boosted its position in shares of Amphenol by 102.0% during the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after acquiring an additional 16,149 shares during the last quarter. Choreo LLC boosted its position in shares of Amphenol by 556.7% during the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock worth $2,732,000 after acquiring an additional 34,309 shares during the last quarter. Angeles Wealth Management LLC grew its stake in Amphenol by 102.4% during the second quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock valued at $258,000 after acquiring an additional 1,936 shares in the last quarter. Finally, Czech National Bank increased its holdings in Amphenol by 7.2% in the 3rd quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock valued at $15,985,000 after acquiring an additional 16,425 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total transaction of $9,783,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 in the last ninety days. 1.80% of the stock is owned by insiders.

Amphenol Stock Down 2.8 %

APH stock opened at $70.51 on Friday. The stock has a market capitalization of $85.01 billion, a P/E ratio of 40.52, a P/E/G ratio of 2.40 and a beta of 1.23. Amphenol Co. has a 52 week low of $44.44 and a 52 week high of $74.70. The firm has a 50-day simple moving average of $66.46 and a 200-day simple moving average of $65.90. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.39 EPS. Equities analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.94%. The ex-dividend date is Tuesday, December 17th. Amphenol’s payout ratio is currently 37.93%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Bank of America raised their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Vertical Research began coverage on Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective on the stock. TD Cowen raised their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, Truist Financial increased their price objective on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $69.63.

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.