Carderock Capital Management Inc. Has $11.22 Million Stock Holdings in Amphenol Co. (NYSE:APH)

Carderock Capital Management Inc. cut its holdings in Amphenol Co. (NYSE:APH) by 0.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 172,118 shares of the electronics maker’s stock after selling 441 shares during the period. Amphenol accounts for approximately 2.6% of Carderock Capital Management Inc.’s portfolio, making the stock its 7th biggest holding. Carderock Capital Management Inc.’s holdings in Amphenol were worth $11,215,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in APH. Beacon Capital Management LLC increased its position in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after buying an additional 206 shares during the period. New England Capital Financial Advisors LLC increased its position in Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 188 shares during the period. Opal Wealth Advisors LLC acquired a new position in Amphenol during the 2nd quarter valued at $29,000. Sachetta LLC raised its stake in Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the last quarter. Finally, Brown Shipley& Co Ltd bought a new stake in Amphenol in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of NYSE:APH opened at $66.99 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32. The business’s fifty day moving average price is $64.56 and its two-hundred day moving average price is $64.12. Amphenol Co. has a fifty-two week low of $39.34 and a fifty-two week high of $70.84. The stock has a market capitalization of $80.47 billion, a price-to-earnings ratio of 41.10, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the company posted $0.72 EPS. As a group, analysts predict that Amphenol Co. will post 1.76 EPS for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Tuesday, September 17th were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a yield of 0.99%. Amphenol’s dividend payout ratio is 40.49%.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 750,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.54, for a total value of $48,405,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $124,875,089.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other Amphenol news, insider Luc Walter sold 106,000 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the transaction, the insider now owns 447,790 shares of the company’s stock, valued at approximately $28,743,640.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at $124,875,089.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,516,000 shares of company stock worth $98,236,640. 1.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on APH shares. Truist Financial upped their price objective on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Bank of America cut their price target on Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Vertical Research initiated coverage on Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective for the company. Robert W. Baird lowered their price objective on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, UBS Group raised their target price on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Five investment 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 company’s stock. Based on data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $66.50.

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.