Amphenol Co. (NYSE:APH) Shares Sold by Farmers & Merchants Investments Inc.

by · The Markets Daily

Farmers & Merchants Investments Inc. lessened its stake in shares of Amphenol Co. (NYSE:APH – Free Report) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 414,271 shares of the electronics maker’s stock after selling 867 shares during the quarter. Amphenol comprises about 0.8% of Farmers & Merchants Investments Inc.’s investment portfolio, making the stock its 24th biggest holding. Farmers & Merchants Investments Inc.’s holdings in Amphenol were worth $26,994,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Beacon Capital Management LLC boosted its holdings in 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 buying an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC boosted 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 valued at $25,000 after buying an additional 188 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Amphenol during the 2nd quarter valued at $29,000. Trifecta Capital Advisors LLC raised its holdings in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares in the last quarter. Finally, Sachetta LLC raised its holdings in shares of Amphenol by 131.1% during the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

APH has been the topic of a number of recent research reports. UBS Group raised their price target on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Evercore ISI raised their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. 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. Vertical Research initiated coverage on shares of Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price target on the stock. Finally, 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. 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 company. Based on data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Check Out Our Latest Stock Report on APH

Insider Buying and Selling

In related news, insider William J. Doherty sold 300,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the company’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 value of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,373,382. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William J. Doherty sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Amphenol Price Performance

Shares of NYSE APH traded down $0.21 during trading on Tuesday, reaching $68.47. The company had a trading volume of 265,702 shares, compared to its average volume of 6,600,686. Amphenol Co. has a 52 week low of $39.55 and a 52 week high of $71.20. The stock has a market cap of $82.25 billion, a PE ratio of 42.13, a PEG ratio of 2.56 and a beta of 1.24. 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’s 50 day moving average price is $65.15 and its 200-day moving average price is $64.76.

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

Amphenol Company 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.

Further Reading

Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Co. (NYSE:APH – Free Report).