M&T Bank Corp Has $22.74 Million Position in Amphenol Co. (NYSE:APH)

M&T Bank Corp reduced its holdings in shares of Amphenol Co. (NYSE:APHGet Rating) by 9.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 301,870 shares of the electronics maker’s stock after selling 29,832 shares during the period. M&T Bank Corp’s holdings in Amphenol were worth $22,744,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in APH. Prospera Financial Services Inc bought a new position in Amphenol during the 1st quarter valued at about $30,000. EverSource Wealth Advisors LLC bought a new position in shares of Amphenol in the fourth quarter worth about $32,000. Riverview Trust Co bought a new position in shares of Amphenol in the first quarter worth about $34,000. Valley National Advisers Inc. grew its position in shares of Amphenol by 124.9% during the 1st quarter. Valley National Advisers Inc. now owns 497 shares of the electronics maker’s stock worth $37,000 after buying an additional 276 shares during the period. Finally, NuWave Investment Management LLC acquired a new stake in shares of Amphenol during the 1st quarter worth approximately $38,000. 95.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on APH shares. Morgan Stanley decreased their price objective on shares of Amphenol from $84.00 to $79.00 and set an “equal weight” rating for the company in a report on Monday, April 25th. StockNews.com raised shares of Amphenol from a “hold” rating to a “buy” rating in a research report on Monday, August 1st. Cowen cut their price objective on shares of Amphenol from $80.00 to $73.00 and set a “market perform” rating on the stock in a research report on Friday, July 1st. Robert W. Baird reissued an “outperform” rating and issued a $85.00 price objective on shares of Amphenol in a research report on Friday, April 29th. Finally, Citigroup cut their price objective on shares of Amphenol from $100.00 to $90.00 in a research report on Thursday, April 28th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.89.

Insider Activity at Amphenol

In other Amphenol news, insider Jean-Luc Gavelle sold 122,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $77.44, for a total transaction of $9,447,680.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Jean-Luc Gavelle sold 122,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $77.44, for a total value of $9,447,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 20,000 shares of the stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $76.93, for a total transaction of $1,538,600.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares of the company’s stock, valued at approximately $1,977,101. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

Amphenol Price Performance

Shares of APH opened at $77.54 on Friday. The firm has a market capitalization of $46.12 billion, a PE ratio of 27.11, a PEG ratio of 2.31 and a beta of 1.25. The company’s 50-day moving average is $68.23 and its 200-day moving average is $71.94. Amphenol Co. has a fifty-two week low of $61.67 and a fifty-two week high of $88.45. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.45 and a quick ratio of 1.65.

Amphenol (NYSE:APHGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The electronics maker reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. Amphenol had a net margin of 15.00% and a return on equity of 27.28%. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the company posted $0.61 earnings per share. Amphenol’s revenue was up 18.2% compared to the same quarter last year. Equities analysts forecast that Amphenol Co. will post 2.92 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Tuesday, September 20th will be paid a $0.20 dividend. The ex-dividend date is Monday, September 19th. This represents a $0.80 annualized dividend and a dividend yield of 1.03%. Amphenol’s dividend payout ratio (DPR) is presently 27.97%.

Amphenol Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Amphenol (NYSE:APH)

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