Avitas Wealth Management LLC Has $3.56 Million Position in Amphenol Co. (NYSE:APH)

Avitas Wealth Management LLC cut its holdings in Amphenol Co. (NYSE:APH) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,586 shares of the electronics maker’s stock after selling 664 shares during the quarter. Avitas Wealth Management LLC’s holdings in Amphenol were worth $3,557,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in APH. Beacon Capital Management LLC increased its position in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 206 shares in the last quarter. New England Capital Financial Advisors LLC increased its holdings in shares of Amphenol by 100.0% in the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares in the last quarter. Sachetta LLC raised its position in Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 249 shares during the last quarter. Trifecta Capital Advisors LLC boosted its position in 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 during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in Amphenol in the 2nd quarter valued at $29,000. 97.01% of the stock is owned by institutional investors.

Insider Transactions at Amphenol

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

Amphenol Stock Performance

APH stock opened at $68.88 on Wednesday. Amphenol Co. has a 1-year low of $39.55 and a 1-year high of $71.20. The business’s 50-day moving average price is $65.19 and its two-hundred day moving average price is $64.85. The firm has a market cap of $82.74 billion, a PE ratio of 42.26, 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 (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. Amphenol’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. As a group, research analysts forecast that Amphenol Co. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on APH shares. Truist Financial upped their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Evercore ISI raised their target price on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Robert W. Baird boosted their price target on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Vertical Research assumed coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price objective on the stock. Finally, UBS Group upped their target price on shares of Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.63.

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.