Zurcher Kantonalbank Zurich Cantonalbank Buys 70,635 Shares of Amphenol Co. (NYSE:APH)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Amphenol Co. (NYSE:APH) by 32.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,366 shares of the electronics maker’s stock after buying an additional 70,635 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Amphenol were worth $18,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Beacon Capital Management LLC raised its position in Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 206 shares during the period. New England Capital Financial Advisors LLC lifted its stake in Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the last quarter. Sachetta LLC grew its holdings in Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the period. Trifecta Capital Advisors LLC increased its position in Amphenol by 352.1% in the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Amphenol during the 2nd quarter valued at $29,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Bank of America boosted their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Evercore ISI upped their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Truist Financial increased their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $69.63.

Amphenol Trading Down 0.1 %

NYSE:APH opened at $72.69 on Friday. Amphenol Co. has a 12 month low of $45.01 and a 12 month high of $74.93. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $68.51 and a 200-day moving average price of $66.68. The stock has a market cap of $87.64 billion, a price-to-earnings ratio of 41.78, a P/E/G ratio of 2.42 and a beta of 1.23.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share 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 return on equity of 24.68% and a net margin of 15.40%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. Equities analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s payout ratio is 37.93%.

Insiders Place Their Bets

In other Amphenol news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the transaction, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is currently owned by corporate insiders.

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.