Walter & Keenan Wealth Management LLC IN ADV Has $451,000 Stock Position in Amphenol Co. (NYSE:APH)

Walter & Keenan Wealth Management LLC IN ADV boosted its position in Amphenol Co. (NYSE:APH) by 3.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,924 shares of the electronics maker’s stock after acquiring an additional 236 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Amphenol were worth $451,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of APH. Allspring Global Investments Holdings LLC lifted its stake in Amphenol by 1.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 718,607 shares of the electronics maker’s stock valued at $82,891,000 after purchasing an additional 13,610 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Amphenol by 0.8% during the first quarter. State of Alaska Department of Revenue now owns 65,088 shares of the electronics maker’s stock worth $7,507,000 after acquiring an additional 485 shares during the last quarter. Norden Group LLC lifted its position in Amphenol by 1,934.8% during the first quarter. Norden Group LLC now owns 42,792 shares of the electronics maker’s stock worth $4,937,000 after acquiring an additional 40,689 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in Amphenol by 9.9% during the first quarter. First Trust Direct Indexing L.P. now owns 21,505 shares of the electronics maker’s stock worth $2,481,000 after acquiring an additional 1,944 shares during the last quarter. Finally, Marshall Financial Group LLC lifted its position in Amphenol by 5.9% during the first quarter. Marshall Financial Group LLC now owns 9,565 shares of the electronics maker’s stock worth $1,103,000 after acquiring an additional 537 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now directly owns 51,400 shares in the company, valued at $3,373,382. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider William J. Doherty sold 300,000 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the transaction, the vice president now directly owns 51,400 shares of the company’s stock, valued at $3,373,382. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.80% of the stock is owned by company insiders.

Amphenol Trading Up 0.3 %

NYSE:APH opened at $68.88 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $82.74 billion, a PE ratio of 42.26, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. The firm’s 50 day moving average is $65.19 and its 200 day moving average is $64.85. Amphenol Co. has a 12 month low of $39.55 and a 12 month high of $71.20.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.81 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Sell-side analysts expect that Amphenol Co. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on APH. Vertical Research began coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective for the company. Truist Financial raised their price objective on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group raised their price objective on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Evercore ISI lifted their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Bank of America lifted their price target on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Five equities research 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.63.

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.