Granite Harbor Advisors Inc. Has $1.16 Million Stock Position in Amphenol Co. (NYSE:APH)

Granite Harbor Advisors Inc. reduced its holdings in Amphenol Co. (NYSE:APH) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,846 shares of the electronics maker’s stock after selling 850 shares during the quarter. Granite Harbor Advisors Inc.’s holdings in Amphenol were worth $1,163,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Texas Permanent School Fund Corp increased its holdings in shares of Amphenol by 61.1% during 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 in the last quarter. United Services Automobile Association grew its holdings in Amphenol by 102.0% during the second quarter. United Services Automobile Association now owns 31,980 shares of the electronics maker’s stock worth $2,154,000 after buying an additional 16,149 shares in the last quarter. Choreo LLC grew its holdings in Amphenol by 556.7% during the second quarter. Choreo LLC now owns 40,472 shares of the electronics maker’s stock worth $2,732,000 after buying an additional 34,309 shares in the last quarter. Angeles Wealth Management LLC grew its holdings in Amphenol by 102.4% during 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 grew its holdings in Amphenol by 7.2% during the third quarter. Czech National Bank now owns 245,326 shares of the electronics maker’s stock worth $15,985,000 after buying an additional 16,425 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $124,875,089.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at $124,875,089.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Luc Walter sold 106,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.19, for a total value of $6,804,140.00. Following the sale, the insider now owns 447,790 shares of the company’s stock, valued at $28,743,640.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,516,000 shares of company stock worth $98,236,640. 1.80% of the stock is currently owned by insiders.

Amphenol Price Performance

NYSE APH traded up $1.39 during trading on Monday, reaching $66.95. The company’s stock had a trading volume of 992,236 shares, compared to its average volume of 6,477,451. The stock has a market capitalization of $80.42 billion, a PE ratio of 40.22, a P/E/G ratio of 2.56 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. The firm has a fifty day moving average of $64.13 and a 200 day moving average of $63.98. Amphenol Co. has a one year low of $39.34 and a one year high of $70.84.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. Analysts expect that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.99%. Amphenol’s dividend payout ratio (DPR) is presently 40.49%.

Analyst Ratings Changes

APH has been the topic of several research analyst reports. 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 research report on Thursday, July 25th. Vertical Research initiated coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Truist Financial boosted their price objective on Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Bank of America cut their price objective on Amphenol from $71.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, UBS Group boosted their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $66.50.

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.