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

Compass Capital Management Inc. lowered its position in shares of Amphenol Co. (NYSE:APH) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 620,567 shares of the electronics maker’s stock after selling 14,970 shares during the quarter. Amphenol comprises about 4.4% of Compass Capital Management Inc.’s portfolio, making the stock its 3rd largest position. Compass Capital Management Inc. owned about 0.10% of Amphenol worth $61,517,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APH. Norden Group LLC purchased a new position in shares of Amphenol during the 4th quarter valued at about $208,000. Penobscot Investment Management Company Inc. raised its stake in shares of Amphenol by 12.9% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 57,345 shares of the electronics maker’s stock valued at $5,685,000 after buying an additional 6,539 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new position in shares of Amphenol during the 4th quarter valued at about $601,000. Van ECK Associates Corp raised its stake in shares of Amphenol by 4.2% during the 4th quarter. Van ECK Associates Corp now owns 87,129 shares of the electronics maker’s stock valued at $8,637,000 after buying an additional 3,544 shares during the last quarter. Finally, EWA LLC purchased a new position in shares of Amphenol during the 4th quarter valued at about $244,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insiders Place Their Bets

In other news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 15,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares of the company’s stock, valued at approximately $2,692,075. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 305,000 shares of company stock valued at $31,846,050. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on APH shares. Jefferies Financial Group started coverage on Amphenol in a research note on Tuesday, April 9th. They issued a “hold” rating and a $125.00 price target for the company. UBS Group lifted their price target on Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Evercore ISI lifted their price target on Amphenol from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Truist Financial boosted their price objective on Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, Citigroup boosted their target price on Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.83.

Amphenol Stock Down 1.1 %

Shares of NYSE APH traded down $1.36 during midday trading on Tuesday, hitting $120.77. The company’s stock had a trading volume of 3,540,315 shares, compared to its average volume of 2,894,029. The firm has a market capitalization of $72.65 billion, a price-to-earnings ratio of 37.35, a price-to-earnings-growth ratio of 3.17 and a beta of 1.30. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.43. Amphenol Co. has a 1 year low of $72.77 and a 1 year high of $123.60. The business’s fifty day simple moving average is $112.37 and its two-hundred day simple moving average is $100.19.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.07. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. Amphenol’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 EPS. On average, equities analysts predict that Amphenol Co. will post 3.34 EPS for the current year.

Amphenol announced that its Board of Directors has authorized a share buyback plan on Wednesday, April 24th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s payout ratio is 26.91%.

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.