Park Place Capital Corp Sells 155 Shares of Amphenol Co. (NYSE:APH)

Park Place Capital Corp trimmed its holdings in shares of Amphenol Co. (NYSE:APH) by 5.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,661 shares of the electronics maker’s stock after selling 155 shares during the quarter. Park Place Capital Corp’s holdings in Amphenol were worth $185,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in APH. Fortitude Family Office LLC raised its holdings in Amphenol by 13.9% in the third quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock worth $84,000 after purchasing an additional 158 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake 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 worth $32,000 after acquiring an additional 166 shares in the last quarter. Fragasso Financial Advisors Inc lifted its position in Amphenol by 4.7% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after acquiring an additional 171 shares during the last quarter. Prestige Wealth Management Group LLC boosted its stake in Amphenol by 7.4% in the third quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock valued at $180,000 after acquiring an additional 189 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its position 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 in the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Transactions at Amphenol

In other news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter Straub sold 132,000 shares of the company’s stock in a transaction that occurred 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. Over the last three months, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. Corporate insiders own 1.80% of the company’s stock.

Amphenol Stock Performance

Shares of NYSE APH opened at $77.84 on Thursday. Amphenol Co. has a 1 year low of $48.52 and a 1 year high of $78.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The company has a market capitalization of $93.84 billion, a PE ratio of 44.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The company’s fifty day moving average price is $71.75 and its 200 day moving average price is $67.79.

Amphenol (NYSE:APH) last issued its quarterly earnings results 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 15.40% and a return on equity of 24.68%. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4,051,810 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. The firm’s revenue was up 29.8% compared to the same quarter last year. On average, research analysts predict that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio is currently 37.93%.

Analysts Set New Price Targets

A number of research firms have commented on APH. Robert W. Baird increased their price target on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen lifted their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Truist Financial upped their price target on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Citigroup lifted their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, Evercore ISI upped their target price on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.79.

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.