Compass Capital Management Inc. Sells 30,863 Shares of Amphenol Co. (NYSE:APH)

Compass Capital Management Inc. decreased its position in Amphenol Co. (NYSE:APH) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 907,718 shares of the electronics maker’s stock after selling 30,863 shares during the period. Amphenol makes up 4.1% of Compass Capital Management Inc.’s holdings, making the stock its 8th biggest holding. Compass Capital Management Inc. owned about 0.08% of Amphenol worth $63,041,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in APH. Princeton Global Asset Management LLC raised its position in shares of Amphenol by 0.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock valued at $1,634,000 after buying an additional 136 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of Amphenol by 13.9% during the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after buying an additional 158 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after buying an additional 166 shares in the last quarter. Fragasso Financial Advisors Inc grew its holdings in shares of Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after purchasing an additional 171 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its position in Amphenol by 0.5% in the 4th quarter. AlphaMark Advisors LLC now owns 34,209 shares of the electronics maker’s stock worth $2,376,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on APH shares. The Goldman Sachs Group lifted their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Robert W. Baird lifted their target price on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Truist Financial lifted their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Bank of America boosted their price objective on shares of Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted 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. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $80.68.

Insider Buying and Selling

In related news, VP David M. Silverman sold 180,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the transaction, the vice president now owns 14,000 shares in the company, valued at $1,005,340. This represents a 92.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 300,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 in the company, valued at approximately $22,764,380.96. This trade represents a 48.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 612,000 shares of company stock valued at $44,177,640 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Amphenol Price Performance

Shares of NYSE APH opened at $70.11 on Tuesday. Amphenol Co. has a 1 year low of $51.03 and a 1 year high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The company’s 50-day moving average is $71.89 and its 200 day moving average is $68.01. The stock has a market capitalization of $84.52 billion, a P/E ratio of 36.61, a P/E/G ratio of 2.17 and a beta of 1.23.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. On average, sell-side analysts expect that Amphenol Co. will post 2.26 earnings per share for the current year.

Amphenol Dividend Announcement

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

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.