Kesler Norman & Wride LLC Purchases Shares of 7,421 Amphenol Co. (NYSE:APH)

Kesler Norman & Wride LLC purchased a new stake in Amphenol Co. (NYSE:APH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,421 shares of the electronics maker’s stock, valued at approximately $483,000.

A number of other large investors also recently bought and sold shares of the stock. Callan Family Office LLC lifted its holdings in Amphenol by 81.9% in the third quarter. Callan Family Office LLC now owns 11,692 shares of the electronics maker’s stock valued at $762,000 after acquiring an additional 5,266 shares during the period. Aprio Wealth Management LLC lifted its holdings in Amphenol by 4.0% in the third quarter. Aprio Wealth Management LLC now owns 5,794 shares of the electronics maker’s stock valued at $378,000 after acquiring an additional 222 shares during the period. Bath Savings Trust Co acquired a new position in Amphenol in the third quarter valued at approximately $629,000. Mather Group LLC. lifted its holdings in Amphenol by 91.9% in the third quarter. Mather Group LLC. now owns 22,706 shares of the electronics maker’s stock valued at $1,479,000 after acquiring an additional 10,874 shares during the period. Finally, Diversified Trust Co lifted its holdings in Amphenol by 979.9% in the third quarter. Diversified Trust Co now owns 35,508 shares of the electronics maker’s stock valued at $2,314,000 after acquiring an additional 32,220 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th. UBS Group upped their target price on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Amphenol in a research note on Thursday, June 13th. Truist Financial upped their target price on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Robert W. Baird reduced their target price on Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.58.

Amphenol Stock Up 2.3 %

Shares of APH opened at $64.32 on Wednesday. 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 Co. has a one year low of $39.34 and a one year high of $70.84. The stock has a market capitalization of $77.26 billion, a price-to-earnings ratio of 39.46, a PEG ratio of 2.59 and a beta of 1.24. The stock has a 50 day moving average price of $63.89 and a 200 day moving average price of $63.76.

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

Amphenol Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.03%. The ex-dividend date is Tuesday, September 17th. Amphenol’s payout ratio is currently 40.49%.

Insider Buying and Selling at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.54, for a total value of $48,405,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $124,875,089.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Luc Walter sold 106,000 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.19, for a total value of $6,804,140.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at approximately $28,743,640.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,516,000 shares of company stock worth $98,236,640 in the last three months. 1.80% of the stock is owned by corporate insiders.

Amphenol Company 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.