Bath Savings Trust Co Invests $629,000 in Amphenol Co. (NYSE:APH)

Bath Savings Trust Co acquired a new stake in shares of Amphenol Co. (NYSE:APH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,646 shares of the electronics maker’s stock, valued at approximately $629,000.

A number of other large investors also recently bought and sold shares of APH. Vanguard Group Inc. raised its position in shares of Amphenol by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock worth $8,473,608,000 after acquiring an additional 321,861 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Amphenol by 92.0% in the second quarter. Bank of New York Mellon Corp now owns 36,637,988 shares of the electronics maker’s stock worth $2,468,301,000 after purchasing an additional 17,552,921 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Amphenol by 6.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock valued at $3,601,694,000 after buying an additional 1,979,022 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Amphenol by 69.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock valued at $1,564,711,000 after buying an additional 9,487,387 shares in the last quarter. Finally, Mawer Investment Management Ltd. grew its position in shares of Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock worth $1,041,204,000 after buying an additional 7,275,279 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other news, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,323,010. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction 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 represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the sale, the vice president now directly owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,516,000 shares of company stock valued at $98,236,640. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on APH. Vertical Research began coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price for the company. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Bank of America cut Amphenol from a “buy” rating to a “neutral” rating and decreased their price target for the company from $80.00 to $71.00 in a research note on Wednesday, September 4th. Evercore ISI restated an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Finally, Robert W. Baird lowered their target price on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $66.58.

Amphenol Price Performance

NYSE:APH opened at $62.85 on Tuesday. The firm’s fifty day moving average is $63.90 and its two-hundred day moving average is $63.72. The firm has a market cap of $75.50 billion, a price-to-earnings ratio of 38.56, a PEG ratio of 2.59 and a beta of 1.24. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02.

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

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.05%. Amphenol’s dividend payout ratio is presently 40.49%.

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.