Carderock Capital Management Inc. Sells 6,153 Shares of Amphenol Co. (NYSE:APH)

Carderock Capital Management Inc. lowered its stake in Amphenol Co. (NYSE:APH - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,965 shares of the electronics maker's stock after selling 6,153 shares during the period. Amphenol accounts for 2.9% of Carderock Capital Management Inc.'s portfolio, making the stock its 5th largest position. Carderock Capital Management Inc.'s holdings in Amphenol were worth $11,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC raised its stake in shares of Amphenol by 13.9% during the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker's stock worth $84,000 after buying an additional 158 shares during 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 acquiring an additional 166 shares during the last quarter. Fragasso Financial Advisors Inc lifted its stake in shares of Amphenol by 4.7% in 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 period. Prestige Wealth Management Group LLC boosted its position in shares of Amphenol by 7.4% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker's stock worth $180,000 after purchasing an additional 189 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC grew its stake in shares of Amphenol by 4.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker's stock worth $294,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Stock Down 0.6 %

Shares of NYSE:APH traded down $0.42 during mid-day trading on Friday, reaching $69.44. 9,780,875 shares of the stock were exchanged, compared to its average volume of 5,171,896. The stock's 50 day simple moving average is $71.82 and its 200-day simple moving average is $67.74. Amphenol Co. has a one year low of $47.76 and a one year high of $75.78. The company has a market cap of $83.71 billion, a P/E ratio of 39.91, a P/E/G ratio of 2.01 and a beta of 1.24. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The company had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period last year, the company earned $0.39 earnings per share. The firm's revenue was up 26.3% compared to the same quarter last year. As a group, equities research analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Tuesday, December 17th. Amphenol's dividend payout ratio is currently 37.93%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on APH shares. TD Cowen increased their target price on Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research note on Friday, October 25th. Evercore ISI lifted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Robert W. Baird upped their target price on shares of Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Citigroup lifted their price target on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Bank of America upped their price objective on shares of Amphenol from $70.00 to $74.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $69.79.

Insider Buying and Selling

In related news, insider Peter Straub sold 132,000 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the sale, the chief financial officer now owns 218,116 shares of the company's stock, valued at approximately $14,997,656.16. This represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,842,672 shares of company stock worth $128,858,080. Corporate insiders own 1.80% of the company's stock.

Amphenol Company 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.