Wesbanco Bank Inc. Has $2.89 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Wesbanco Bank Inc. trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,575 shares of the electronics maker’s stock after selling 1,925 shares during the quarter. Wesbanco Bank Inc.’s holdings in Amphenol were worth $2,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Trifecta Capital Advisors LLC increased its holdings in Amphenol by 352.1% in the third 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 period. Core Alternative Capital increased its stake in shares of Amphenol by 100.0% in the second quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock valued at $31,000 after buying an additional 231 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of Amphenol by 50.0% in the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares during the period. Continuum Advisory LLC boosted its holdings in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 234 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in Amphenol by 100.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after purchasing an additional 324 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

NYSE APH opened at $78.54 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The company has a market capitalization of $94.69 billion, a PE ratio of 45.14, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24. Amphenol Co. has a 52-week low of $49.38 and a 52-week high of $78.82. The company has a 50-day simple moving average of $71.86 and a 200 day simple moving average of $67.86.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4,051,810 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. Amphenol’s revenue was up 29.8% on a year-over-year basis. On average, research analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.84%. Amphenol’s payout ratio is 37.93%.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the transaction, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at approximately $133,136,890.88. This trade represents a 31.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Evercore ISI increased their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Robert W. Baird upped their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday. The Goldman Sachs Group boosted their price target on Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Truist Financial lifted their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $77.92.

About Amphenol

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.