Amphenol Co. (NYSE:APH) is Compass Capital Management Inc.’s 8th Largest Position

Compass Capital Management Inc. cut its position in Amphenol Co. (NYSE:APH) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 907,718 shares of the electronics maker’s stock after selling 30,863 shares during the period. Amphenol comprises 4.1% of Compass Capital Management Inc.’s portfolio, making the stock its 8th largest holding. Compass Capital Management Inc.’s holdings in Amphenol were worth $63,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APH. Trifecta Capital Advisors LLC boosted its position in shares of Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after acquiring an additional 338 shares during the last quarter. Brown Brothers Harriman & Co. boosted 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 acquiring an additional 166 shares during the last quarter. Continuum Advisory LLC boosted its position in shares of Amphenol by 89.3% during 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. Hanson & Doremus Investment Management bought a new position in shares of Amphenol during the fourth quarter worth $32,000. Finally, Endeavor Private Wealth Inc. bought a new position in shares of Amphenol during the fourth quarter worth $49,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APH has been the subject of several research reports. Citigroup increased their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Truist Financial increased their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird increased their price objective on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their price objective on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. 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 company. According to MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Price Performance

Amphenol stock opened at $70.11 on Tuesday. The firm has a market capitalization of $84.52 billion, a PE ratio of 36.61, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. Amphenol Co. has a 12-month low of $51.03 and a 12-month high of $79.39. The firm has a 50-day moving average price of $71.89 and a 200-day moving average price of $68.01. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.82 EPS. As a group, equities research analysts forecast that Amphenol Co. will post 2.26 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, March 18th. Amphenol’s dividend payout ratio is presently 34.46%.

Insider Buying and Selling

In other news, CFO Craig A. Lampo sold 300,000 shares of Amphenol stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total value of $21,468,000.00. Following the transaction, the chief financial officer now owns 318,116 shares of the company’s stock, valued at $22,764,380.96. The trade was a 48.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction that occurred on Friday, November 8th. The stock was 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. Insiders have sold 612,000 shares of company stock valued at $44,177,640 in the last 90 days. Company insiders own 1.80% of the company’s stock.

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.