Amphenol Co. (NYSE:APH) Shares Bought by Heartland Bank & Trust Co

Heartland Bank & Trust Co lifted its stake in shares of Amphenol Co. (NYSE:APH) by 66.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,486 shares of the electronics maker’s stock after acquiring an additional 2,986 shares during the period. Heartland Bank & Trust Co’s holdings in Amphenol were worth $504,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Beacon Capital Management LLC grew its holdings in shares of Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC grew its stake in Amphenol by 100.0% in the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Amphenol during the 2nd quarter worth $29,000. Sachetta LLC boosted its holdings in shares of Amphenol by 131.1% during the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 249 shares during the last quarter. Finally, Brown Shipley& Co Ltd purchased a new stake in shares of Amphenol in the first quarter valued at $52,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 0.2 %

NYSE:APH opened at $65.16 on Tuesday. The business’s 50-day moving average is $63.97 and its two-hundred day moving average is $63.52. The firm has a market capitalization of $78.27 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.59 and a beta of 1.24. Amphenol Co. has a 12 month low of $39.34 and a 12 month high of $70.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, topping 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 firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the company posted $0.72 EPS. Amphenol’s revenue for the quarter was up 18.2% on a year-over-year basis. Research analysts predict that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be paid a $0.165 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

Analysts Set New Price Targets

APH has been the topic of several recent analyst reports. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Robert W. Baird cut their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. TD Cowen boosted their target price on shares of Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a report on Thursday, June 6th. Truist Financial increased their price target on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Finally, Vertical Research began coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective for the company. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.04.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of Amphenol stock in a transaction that occurred 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 sale, the vice president now directly owns 51,400 shares in the company, valued at approximately $3,323,010. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction that occurred 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. In the last three months, insiders sold 1,516,000 shares of company stock valued at $98,236,640. Corporate insiders own 1.80% of the company’s stock.

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.