Citizens Financial Group Inc. RI Has $799,000 Stock Holdings in Amphenol Co. (NYSE:APH)

Citizens Financial Group Inc. RI lifted its holdings in shares of Amphenol Co. (NYSE:APH) by 21.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 12,236 shares of the electronics maker’s stock after acquiring an additional 2,179 shares during the period. Citizens Financial Group Inc. RI’s holdings in Amphenol were worth $799,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of APH. Beacon Capital Management LLC raised its stake in 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 acquiring an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC grew its holdings in shares of Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the last quarter. Sachetta LLC increased its position in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 249 shares in the last quarter. Trifecta Capital Advisors LLC lifted its stake in Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in Amphenol in the second quarter valued at approximately $29,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Trading Up 1.4 %

APH opened at $74.29 on Friday. Amphenol Co. has a twelve month low of $44.81 and a twelve month high of $74.70. The company has a fifty day moving average of $67.65 and a 200-day moving average of $66.35. The stock has a market cap of $89.56 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 2.36 and a beta of 1.23. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

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

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. TD Cowen upped their price target on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Truist Financial increased their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Robert W. Baird boosted their price target on Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Bank of America upped their price objective on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Evercore ISI lifted their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.63.

Insiders Place Their Bets

In other Amphenol news, CEO Richard Adam Norwitt sold 900,672 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Straub sold 132,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 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.