Amphenol Co. (NYSE:APH) Shares Sold by Carderock Capital Management Inc.

Carderock Capital Management Inc. cut its position in Amphenol Co. (NYSE:APH) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 165,965 shares of the electronics maker’s stock after selling 6,153 shares during the period. Amphenol accounts for about 2.9% of Carderock Capital Management Inc.’s investment portfolio, making the stock its 5th biggest position. Carderock Capital Management Inc.’s holdings in Amphenol were worth $11,526,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC raised its holdings in shares of 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 buying an additional 338 shares during the last quarter. Core Alternative Capital increased its position in Amphenol by 100.0% in the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 231 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of Amphenol by 100.3% during the second 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 last quarter. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Performance

APH stock opened at $69.44 on Friday. Amphenol Co. has a 1-year low of $47.76 and a 1-year high of $75.78. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The firm has a market cap of $83.71 billion, a PE ratio of 39.91, a P/E/G ratio of 2.01 and a beta of 1.24. The business’s 50-day moving average price is $71.91 and its two-hundred day moving average price is $67.73.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the previous year, the business posted $0.39 EPS. Amphenol’s revenue for the quarter was up 26.3% on a year-over-year basis. As a group, research analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. Amphenol’s payout ratio is 37.93%.

Insider Activity at Amphenol

In other news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Bank of America boosted their price objective on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday, October 24th. Truist Financial raised their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Evercore ISI boosted their price objective on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Cowen raised their target price on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Finally, Citigroup increased their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $69.79.

Amphenol Company 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.