Amphenol Co. (NYSE:APH) Position Lessened by Weaver Capital Management LLC

Weaver Capital Management LLC lowered its position in Amphenol Co. (NYSE:APH) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,624 shares of the electronics maker’s stock after selling 3,294 shares during the quarter. Weaver Capital Management LLC’s holdings in Amphenol were worth $2,452,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. increased its position in Amphenol by 0.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock worth $3,609,000 after buying an additional 80 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Amphenol by 1.7% during the 1st quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock valued at $544,000 after acquiring an additional 81 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Amphenol by 1.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock valued at $701,000 after acquiring an additional 88 shares in the last quarter. Nicolet Advisory Services LLC boosted its position in Amphenol by 3.4% during the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock worth $313,000 after purchasing an additional 89 shares during the period. Finally, Webster Bank N. A. grew its holdings in Amphenol by 16.2% during the first quarter. Webster Bank N. A. now owns 697 shares of the electronics maker’s stock valued at $80,000 after purchasing an additional 97 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Amphenol Stock Down 0.0 %

Shares of NYSE APH opened at $66.85 on Wednesday. Amphenol Co. has a 52-week low of $39.34 and a 52-week high of $70.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. The business has a fifty day moving average of $64.88 and a two-hundred day moving average of $64.44. The stock has a market cap of $80.30 billion, a PE ratio of 41.01, a PEG ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities research analysts expect that Amphenol Co. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,516,000 shares of company stock worth $98,236,640. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently weighed in on APH shares. UBS Group increased their target price on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Truist Financial raised their price objective on shares of Amphenol from $74.50 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Bank of America cut their target price on shares of Amphenol from $71.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Vertical Research began coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target on the stock. Finally, Robert W. Baird cut their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.50.

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.