Claro Advisors LLC Sells 1,932 Shares of Amphenol Co. (NYSE:APH)

Claro Advisors LLC decreased its holdings in shares of Amphenol Co. (NYSE:APH) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,544 shares of the electronics maker’s stock after selling 1,932 shares during the period. Claro Advisors LLC’s holdings in Amphenol were worth $732,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Harbour Capital Advisors LLC raised its stake in shares of Amphenol by 18.6% in the fourth quarter. Harbour Capital Advisors LLC now owns 39,881 shares of the electronics maker’s stock valued at $2,796,000 after acquiring an additional 6,245 shares during the last quarter. Clean Yield Group raised its stake in shares of Amphenol by 7.4% in the fourth quarter. Clean Yield Group now owns 3,888 shares of the electronics maker’s stock valued at $270,000 after acquiring an additional 268 shares during the last quarter. Cooper Financial Group raised its stake in shares of Amphenol by 19.9% in the fourth quarter. Cooper Financial Group now owns 5,959 shares of the electronics maker’s stock valued at $414,000 after acquiring an additional 989 shares during the last quarter. Wedmont Private Capital raised its stake in shares of Amphenol by 6.6% in the fourth quarter. Wedmont Private Capital now owns 23,476 shares of the electronics maker’s stock valued at $1,648,000 after acquiring an additional 1,446 shares during the last quarter. Finally, Fragasso Financial Advisors Inc raised its stake in shares of Amphenol by 4.7% in 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. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on APH shares. Evercore ISI lifted their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen raised their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a report on Friday, October 25th. Truist Financial raised their price target on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Bank of America raised their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Finally, Robert W. Baird raised their price target on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Insider Activity

In other news, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares of the company’s stock, valued at $14,997,656.16. The trade was 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, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now directly owns 14,000 shares of the company’s stock, valued at $963,760. This trade represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,842,672 shares of company stock valued at $128,858,080 in the last quarter. Company insiders own 1.80% of the company’s stock.

Amphenol Price Performance

APH opened at $68.31 on Tuesday. The company has a fifty day moving average price of $72.00 and a two-hundred day moving average price of $67.67. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. Amphenol Co. has a 52 week low of $47.38 and a 52 week high of $75.78. The firm has a market capitalization of $82.36 billion, a PE ratio of 39.26, a P/E/G ratio of 2.44 and a beta of 1.24.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping 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 firm had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the previous year, the business earned $0.39 EPS. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. As a group, analysts anticipate that Amphenol Co. will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is 37.93%.

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.