Fortitude Family Office LLC Has $79,000 Holdings in Amphenol Co. (NYSE:APH)

Fortitude Family Office LLC cut its holdings in shares of Amphenol Co. (NYSE:APH) by 12.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,138 shares of the electronics maker’s stock after selling 158 shares during the quarter. Fortitude Family Office LLC’s holdings in Amphenol were worth $79,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. First Hawaiian Bank lifted its holdings in shares of Amphenol by 9.0% during the fourth quarter. First Hawaiian Bank now owns 63,048 shares of the electronics maker’s stock worth $4,379,000 after buying an additional 5,224 shares during the last quarter. Bath Savings Trust Co lifted its holdings in shares of Amphenol by 108.8% during the fourth quarter. Bath Savings Trust Co now owns 20,137 shares of the electronics maker’s stock worth $1,399,000 after buying an additional 10,491 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Amphenol by 4.6% during the fourth quarter. CWA Asset Management Group LLC now owns 9,719 shares of the electronics maker’s stock worth $675,000 after buying an additional 426 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Amphenol by 5.8% during the fourth quarter. Nordea Investment Management AB now owns 96,563 shares of the electronics maker’s stock worth $6,724,000 after buying an additional 5,298 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Amphenol by 15.1% during the fourth quarter. GAMMA Investing LLC now owns 35,570 shares of the electronics maker’s stock worth $2,470,000 after buying an additional 4,676 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Craig A. Lampo sold 150,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the transaction, the chief financial officer now owns 218,116 shares of the company’s stock, valued at $14,997,656.16. This represents a 40.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David M. Silverman sold 180,000 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total value of $12,391,200.00. Following the transaction, the vice president now directly owns 14,000 shares in the company, valued at $963,760. This trade represents a 92.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock valued at $128,858,080 over the last 90 days. 1.80% of the stock is owned by company insiders.

Amphenol Price Performance

Amphenol stock opened at $70.35 on Friday. 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 firm has a market cap of $84.81 billion, a P/E ratio of 40.43, a P/E/G ratio of 2.44 and a beta of 1.24. The business’s fifty day moving average is $72.00 and its two-hundred day moving average is $67.67. Amphenol Co. has a 52 week low of $47.38 and a 52 week high of $75.78.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share. Equities research analysts forecast that Amphenol Co. will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 37.93%.

Wall Street Analyst Weigh In

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

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.