Granite Harbor Advisors Inc. Sells 698 Shares of Amphenol Co. (NYSE:APH)

Granite Harbor Advisors Inc. lowered its stake in Amphenol Co. (NYSE:APH) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,148 shares of the electronics maker’s stock after selling 698 shares during the period. Granite Harbor Advisors Inc.’s holdings in Amphenol were worth $1,191,000 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. State Street Corp raised its holdings in Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock valued at $3,496,777,000 after buying an additional 1,537,880 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Amphenol by 2.3% during the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock valued at $1,601,540,000 after acquiring an additional 564,991 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Amphenol by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock worth $427,363,000 after purchasing an additional 63,180 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Amphenol by 25.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock worth $347,297,000 after purchasing an additional 1,073,480 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Amphenol by 89.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock valued at $280,397,000 after purchasing an additional 2,032,402 shares during the period. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 3.3 %

APH opened at $71.69 on Friday. The company has a market cap of $86.43 billion, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 2.13 and a beta of 1.24. The company has a fifty day moving average price of $71.99 and a two-hundred day moving average price of $67.97. 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 Co. has a 1-year low of $50.48 and a 1-year high of $79.39.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The business had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. During the same period in the prior year, the business earned $0.82 EPS. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. Analysts predict that Amphenol Co. will post 2.25 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.92%. Amphenol’s payout ratio is currently 34.46%.

Analyst Ratings Changes

Several research analysts have commented on APH shares. Citigroup lifted their target price on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Evercore ISI upped their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Robert W. Baird raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Truist Financial upped their price objective on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Bank of America lifted their target price on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.68.

Insider Buying and Selling at Amphenol

In related news, CFO Craig A. Lampo sold 300,000 shares of Amphenol stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 612,000 shares of company stock worth $44,177,640. 1.80% of the stock is owned by corporate insiders.

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.