3,040 Shares in Amphenol Co. (NYSE:APH) Bought by Baron Wealth Management LLC

Baron Wealth Management LLC bought a new position in Amphenol Co. (NYSE:APH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,040 shares of the electronics maker’s stock, valued at approximately $211,000.

A number of other hedge funds also recently made changes to their positions in APH. NewEdge Advisors LLC boosted its holdings in shares of Amphenol by 294.5% during the 2nd quarter. NewEdge Advisors LLC now owns 48,677 shares of the electronics maker’s stock valued at $3,279,000 after acquiring an additional 36,338 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Amphenol by 600.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 75,470 shares of the electronics maker’s stock valued at $5,084,000 after purchasing an additional 64,703 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after buying an additional 324 shares during the period. Quarry LP bought a new stake in Amphenol during the 2nd quarter worth approximately $119,000. Finally, Regal Investment Advisors LLC raised its stake in shares of Amphenol by 99.5% during the second quarter. Regal Investment Advisors LLC now owns 6,687 shares of the electronics maker’s stock valued at $450,000 after acquiring an additional 3,335 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amphenol

In related news, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 300,000 shares of Amphenol stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the transaction, the chief financial officer now directly owns 318,116 shares in the company, valued at $22,764,380.96. This represents a 48.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 612,000 shares of company stock valued at $44,177,640. 1.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on APH shares. Citigroup increased their price objective on Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a report on Friday, January 17th. Bank of America upped their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Truist Financial boosted their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Robert W. Baird increased their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.68.

Amphenol Trading Up 1.1 %

Shares of Amphenol stock opened at $69.34 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 2.37. Amphenol Co. has a 52 week low of $50.48 and a 52 week high of $79.39. The stock has a 50 day moving average price of $72.02 and a two-hundred day moving average price of $67.96. The stock has a market capitalization of $83.60 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The business had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the business posted $0.82 EPS. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. As a group, equities analysts anticipate that Amphenol Co. will post 2.17 earnings per share for the current fiscal year.

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.