Massmutual Trust Co. FSB ADV Sells 365 Shares of Amphenol Co. (NYSE:APH)

Massmutual Trust Co. FSB ADV decreased its holdings in shares of Amphenol Co. (NYSE:APH) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,729 shares of the electronics maker’s stock after selling 365 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Amphenol were worth $373,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. boosted its position in shares of Amphenol by 0.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after purchasing an additional 80 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in Amphenol by 1.7% in the first quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock worth $544,000 after acquiring an additional 81 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in Amphenol by 1.5% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock worth $701,000 after acquiring an additional 88 shares in the last quarter. Nicolet Advisory Services LLC boosted its holdings in Amphenol by 3.4% in the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock worth $313,000 after acquiring an additional 89 shares in the last quarter. Finally, Webster Bank N. A. boosted its holdings in Amphenol by 16.2% in the first quarter. Webster Bank N. A. now owns 697 shares of the electronics maker’s stock worth $80,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

NYSE:APH opened at $62.38 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The business has a fifty day simple moving average of $63.90 and a two-hundred day simple moving average of $63.61. Amphenol Co. has a 1 year low of $39.34 and a 1 year high of $70.84. The company has a market capitalization of $74.93 billion, a P/E ratio of 38.27, a P/E/G ratio of 2.59 and a beta of 1.24.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period last year, the business posted $0.72 earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts expect that Amphenol Co. will post 1.76 earnings per share for the current year.

Amphenol Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s payout ratio is currently 40.49%.

Insider Transactions at Amphenol

In other news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,373,382. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total value of $6,563,000.00. Following the completion of the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,373,382. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 300,000 shares of Amphenol stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The disclosure for this sale can be found here. Insiders sold 1,516,000 shares of company stock valued at $98,236,640 over the last three months. Company insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on APH shares. Evercore ISI reissued an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. UBS Group increased their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Truist Financial increased their price objective on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Vertical Research started coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Finally, Bank of America downgraded Amphenol from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $80.00 to $71.00 in a research note on Wednesday, September 4th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average price target of $65.04.

About Amphenol

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.