Amphenol Co. (NYSE:APH) Position Increased by Carderock Capital Management Inc.

Carderock Capital Management Inc. grew its holdings in Amphenol Co. (NYSE:APHFree Report) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,487 shares of the electronics maker’s stock after purchasing an additional 5,327 shares during the period. Amphenol comprises 2.4% of Carderock Capital Management Inc.’s portfolio, making the stock its 12th largest holding. Carderock Capital Management Inc.’s holdings in Amphenol were worth $8,772,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Peoples Bank KS acquired a new position in shares of Amphenol in the 3rd quarter valued at about $27,000. Mendota Financial Group LLC acquired a new position in shares of Amphenol in the 4th quarter valued at about $33,000. Sunbelt Securities Inc. acquired a new position in Amphenol in the first quarter worth approximately $33,000. Altshuler Shaham Ltd acquired a new position in Amphenol in the fourth quarter worth approximately $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Amphenol in the third quarter worth approximately $34,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Up 2.0 %

Shares of APH stock opened at $115.37 on Thursday. The stock has a market cap of $69.20 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 3.25 and a beta of 1.30. Amphenol Co. has a one year low of $72.00 and a one year high of $119.59. The stock has a fifty day moving average price of $107.92 and a 200 day moving average price of $95.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.17 and a quick ratio of 1.48.

Amphenol (NYSE:APHGet Free Report) last issued its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. Amphenol’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.78 earnings per share. Analysts predict that Amphenol Co. will post 3.28 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.88 annualized dividend and a yield of 0.76%. Amphenol’s dividend payout ratio (DPR) is currently 28.30%.

Insiders Place Their Bets

In other news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the sale, the vice president now directly owns 25,700 shares in the company, valued at $2,692,075. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Lance E. D’amico sold 15,000 shares of Amphenol stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the sale, the vice president now directly owns 25,700 shares in the company, valued at $2,692,075. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The disclosure for this sale can be found here. Insiders sold 305,000 shares of company stock worth $31,846,050 over the last three months. 2.22% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on APH shares. Evercore ISI increased their price objective on Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. The Goldman Sachs Group increased their price objective on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Citigroup assumed coverage on Amphenol in a research report on Friday, January 5th. They set a “buy” rating and a $117.00 target price for the company. Truist Financial upped their target price on Amphenol from $97.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, Robert W. Baird upped their target price on Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.40.

Get Our Latest Research Report on Amphenol

About Amphenol

(Free Report)

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.

Read More

Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Co. (NYSE:APHFree Report).

Institutional Ownership by Quarter for Amphenol (NYSE:APH)

Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.