Amphenol Corporation $APH Stock Acquired by Compass Capital Management Inc.

Compass Capital Management Inc. increased its holdings in shares of Amphenol Corporation (NYSE:APH) by 90.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 940,711 shares of the electronics maker’s stock after buying an additional 447,625 shares during the quarter. Amphenol accounts for approximately 5.0% of Compass Capital Management Inc.’s holdings, making the stock its 2nd biggest position. Compass Capital Management Inc.’s holdings in Amphenol were worth $79,302,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of APH. Valmark Advisers Inc. boosted its stake in shares of Amphenol by 243.4% during the 3rd quarter. Valmark Advisers Inc. now owns 4,822 shares of the electronics maker’s stock valued at $406,000 after buying an additional 3,418 shares during the period. William Blair Investment Management LLC increased its stake in shares of Amphenol by 101.2% in the third quarter. William Blair Investment Management LLC now owns 3,087,928 shares of the electronics maker’s stock worth $260,312,000 after acquiring an additional 1,552,869 shares during the last quarter. ICICI Prudential Asset Management Co Ltd increased its stake in shares of Amphenol by 528.0% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 70,968 shares of the electronics maker’s stock worth $5,983,000 after acquiring an additional 59,668 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Amphenol by 71.4% during the third quarter. Allworth Financial LP now owns 73,929 shares of the electronics maker’s stock worth $6,232,000 after acquiring an additional 30,800 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Amphenol by 99.1% during the third quarter. Fisher Asset Management LLC now owns 15,288 shares of the electronics maker’s stock worth $1,289,000 after acquiring an additional 7,611 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amphenol

In related news, CEO Richard Norwitt sold 799,576 shares of Amphenol stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $82.48, for a total value of $65,949,028.48. Following the transaction, the chief executive officer owned 3,855,014 shares in the company, valued at $317,961,554.72. This trade represents a 17.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.42% of the company’s stock.

Amphenol Stock Down 1.8%

Shares of Amphenol stock opened at $78.15 on Friday. The stock has a market capitalization of $192.98 billion, a P/E ratio of 33.98, a PEG ratio of 0.95 and a beta of 1.27. The company has a quick ratio of 1.42, a current ratio of 1.94 and a debt-to-equity ratio of 0.99. The stock has a 50 day moving average price of $81.22 and a two-hundred day moving average price of $75.57. Amphenol Corporation has a 12-month low of $59.01 and a 12-month high of $89.93.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a net margin of 17.95% and a return on equity of 42.53%. The company had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up 65.1% compared to the same quarter last year. Equities analysts expect that Amphenol Corporation will post 2.83 earnings per share for the current year.

Amphenol declared that its board has authorized a stock repurchase program on Wednesday, October 28th that allows the company to repurchase $4 billion in outstanding shares. This buyback authorization allows the electronics maker to purchase up to 2% of its stock through open market purchases. Share buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Amphenol Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Tuesday, December 22nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, December 22nd. This is a drop from Amphenol’s previous quarterly dividend of $0.25. Amphenol’s dividend payout ratio (DPR) is 21.74%.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on Amphenol from $190.00 to $105.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 6th. Bank of America raised their price target on Amphenol from $99.00 to $104.00 and gave the stock a “buy” rating in a research note on Tuesday, October 13th. JPMorgan Chase & Co. lifted their price target on Amphenol from $107.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 29th. Rothschild & Co Redburn reduced their price target on Amphenol from $197.00 to $107.00 in a report on Friday, October 30th. Finally, Truist Financial boosted their price target on Amphenol from $107.50 to $112.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Amphenol has a consensus rating of “Buy” and an average price target of $107.00.

Amphenol Profile

Amphenol Corporation designs, manufactures and markets electrical, electronic and fiber-optic connectors, interconnect systems, antennas and sensor products. Its offerings also include cable assemblies and related components used to transmit signals and power in electronic equipment and systems. The company serves customers in a range of markets, including communications and information technology, automotive, aerospace and defense, industrial, mobile devices and data networks. Its products are used in applications such as vehicles, communications infrastructure, commercial aircraft and industrial equipment.