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

Granite Harbor Advisors Inc. cut its holdings in Amphenol Co. (NYSE:APH) by 3.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,148 shares of the electronics maker’s stock after selling 698 shares during the quarter. Granite Harbor Advisors Inc.’s holdings in Amphenol were worth $1,191,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Trifecta Capital Advisors LLC boosted its position in shares of Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock worth $28,000 after buying an additional 338 shares during the period. Brown Brothers Harriman & Co. lifted its stake in Amphenol by 50.0% in 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 in the last quarter. Continuum Advisory LLC boosted its position in Amphenol by 89.3% during the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 234 shares during the last quarter. Hanson & Doremus Investment Management bought a new position in shares of Amphenol during the 4th quarter worth approximately $32,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after purchasing an additional 324 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Amphenol Trading Up 3.3 %

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

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 EPS. Research analysts forecast that Amphenol Co. will post 2.25 EPS for the current year.

Amphenol Dividend Announcement

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

Insider Activity at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was 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 accessible through this link. Also, CFO Craig A. Lampo sold 300,000 shares of Amphenol stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $71.56, for a total value of $21,468,000.00. Following the completion of the transaction, the chief financial officer now directly owns 318,116 shares of the company’s stock, valued at $22,764,380.96. This represents a 48.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 612,000 shares of company stock worth $44,177,640 in the last ninety days. 1.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price 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. Truist Financial raised their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Citigroup upped 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. Robert W. Baird raised their price target on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Finally, TD Cowen upped their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $80.68.

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.