Ballentine Partners LLC Has $1.82 Million Position in Amphenol Co. (NYSE:APH)

by · The Markets Daily

Ballentine Partners LLC raised its stake in Amphenol Co. (NYSE:APH – Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,953 shares of the electronics maker’s stock after buying an additional 1,451 shares during the quarter. Ballentine Partners LLC’s holdings in Amphenol were worth $1,821,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Beacon Capital Management LLC raised its holdings in shares of Amphenol by 121.2% during the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC raised its stake in shares of Amphenol by 100.0% during the 2nd quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 188 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Amphenol during the 2nd quarter valued at about $29,000. Trifecta Capital Advisors LLC grew its stake in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after buying an additional 338 shares in the last quarter. Finally, Sachetta LLC increased its holdings in Amphenol by 131.1% in the second quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after buying an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total value of $19,749,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider William J. Doherty sold 300,000 shares of the stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lance E. D’amico sold 100,000 shares of Amphenol 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 sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,373,382. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 570,000 shares of company stock valued at $37,209,000 over the last three months. 1.80% of the stock is owned by corporate insiders.

Amphenol Stock Down 0.6 %

APH opened at $69.41 on Friday. The business has a 50 day moving average of $65.03 and a 200-day moving average of $64.51. The stock has a market capitalization of $83.38 billion, a price-to-earnings ratio of 42.58, a P/E/G ratio of 2.56 and a beta of 1.24. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. Amphenol Co. has a 1-year low of $39.48 and a 1-year high of $71.20.

Amphenol (NYSE:APH – Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the firm earned $0.39 EPS. The business’s revenue was up 26.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Amphenol Co. will post 1.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore ISI boosted their target price on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday. Robert W. Baird increased their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group boosted their price target on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Truist Financial increased their price objective on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday. Finally, Bank of America boosted their target price on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

View Our Latest Stock Analysis on APH

Amphenol Profile

(Free Report)

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.

See Also