Amphenol Co. (NYSE:APH) Holdings Increased 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 its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,486 shares of the electronics maker’s stock after acquiring an additional 2,986 shares during the quarter. Heartland Bank & Trust Co’s holdings in Amphenol were worth $504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of Amphenol by 92.0% in the 2nd 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 buying an additional 17,552,921 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Amphenol by 69.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 23,225,629 shares of the electronics maker’s stock worth $1,564,711,000 after acquiring an additional 9,487,387 shares during the period. Price T Rowe Associates Inc. MD raised its position in Amphenol by 39.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock worth $2,899,059,000 after acquiring an additional 8,340,759 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in Amphenol by 88.9% in the 2nd quarter. Mawer Investment Management Ltd. now owns 15,455,006 shares of the electronics maker’s stock valued at $1,041,204,000 after acquiring an additional 7,275,279 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Amphenol by 116.6% during the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker’s stock valued at $662,458,000 after purchasing an additional 5,293,292 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

APH has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Bank of America downgraded Amphenol from a “buy” rating to a “neutral” rating and cut their price objective for the company from $80.00 to $71.00 in a research report on Wednesday, September 4th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a research report on Thursday, June 13th. Vertical Research started coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Finally, Robert W. Baird cut their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $65.04.

Amphenol Price Performance

Shares of APH opened at $65.16 on Tuesday. The business’s 50-day moving average is $63.97 and its 200-day moving average is $63.52. Amphenol Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84. The company has a market capitalization of $78.27 billion, a price-to-earnings ratio of 39.98, a P/E/G ratio of 2.59 and a beta of 1.24. 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 posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the previous year, the company posted $0.72 EPS. Amphenol’s revenue was up 18.2% on a year-over-year basis. Equities research analysts expect that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

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

Insider Activity at Amphenol

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.65, for a total value 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 $3,323,010. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at $124,875,089.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 owns 51,400 shares of the company’s stock, valued at $3,323,010. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,516,000 shares of company stock valued at $98,236,640. 1.80% of the stock is 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.