Pinnacle Financial Partners Inc Sells 686 Shares of Amphenol Co. (NYSE:APH)

Pinnacle Financial Partners Inc decreased its stake in shares of Amphenol Co. (NYSE:APH) by 8.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 7,208 shares of the electronics maker’s stock after selling 686 shares during the period. Pinnacle Financial Partners Inc’s holdings in Amphenol were worth $470,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in APH. Texas Permanent School Fund Corp boosted its position in shares of Amphenol by 61.1% in the second quarter. Texas Permanent School Fund Corp now owns 199,758 shares of the electronics maker’s stock valued at $13,458,000 after acquiring an additional 75,753 shares during the period. United Services Automobile Association grew its position in shares of Amphenol by 102.0% during the 2nd quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock valued at $2,154,000 after purchasing an additional 16,149 shares in the last quarter. Choreo LLC increased its holdings in shares of Amphenol by 556.7% in the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock worth $2,732,000 after purchasing an additional 34,309 shares during the period. Angeles Wealth Management LLC raised its position in shares of Amphenol by 102.4% in the second quarter. Angeles Wealth Management LLC now owns 3,826 shares of the electronics maker’s stock worth $258,000 after buying an additional 1,936 shares in the last quarter. Finally, Czech National Bank boosted its stake in Amphenol by 7.2% during the third quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock valued at $15,985,000 after buying an additional 16,425 shares during the period. Institutional investors own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In other news, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the sale, the vice president now owns 14,000 shares in the company, valued at $963,760. This represents a 92.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Company insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on APH shares. Bank of America raised their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Evercore ISI lifted their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Vertical Research assumed coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. TD Cowen lifted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Robert W. Baird increased their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Trading Up 0.4 %

NYSE APH opened at $72.59 on Friday. The firm has a market cap of $87.52 billion, a PE ratio of 41.72, a price-to-earnings-growth ratio of 2.39 and a beta of 1.23. Amphenol Co. has a 1-year low of $44.42 and a 1-year high of $74.70. The stock has a 50-day moving average of $66.25 and a 200-day moving average of $65.86. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same period in the prior year, the business posted $0.39 EPS. The firm’s revenue was up 26.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.91%. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

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.