7,761 Shares in Amphenol Corporation $APH Purchased by Arcus Capital Partners LLC

Arcus Capital Partners LLC purchased a new stake in shares of Amphenol Corporation (NYSE:APH) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,761 shares of the electronics maker’s stock, valued at approximately $960,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Amphenol by 8.4% in the 2nd quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock worth $2,804,338,000 after purchasing an additional 2,217,079 shares in the last quarter. Norges Bank bought a new stake in Amphenol in the second quarter worth $2,104,244,000. Franklin Resources Inc. grew its stake in shares of Amphenol by 13.4% in the second quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock worth $1,239,017,000 after acquiring an additional 1,486,105 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Amphenol by 1.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 7,088,586 shares of the electronics maker’s stock valued at $699,998,000 after acquiring an additional 133,966 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Amphenol by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 5,883,759 shares of the electronics maker’s stock worth $581,021,000 after purchasing an additional 210,551 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH opened at $152.50 on Friday. The firm has a market capitalization of $186.67 billion, a P/E ratio of 50.83, a PEG ratio of 0.97 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. Amphenol Corporation has a one year low of $56.45 and a one year high of $157.54. The business has a fifty day moving average of $139.09 and a 200 day moving average of $125.07.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.14. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same period last year, the firm posted $0.50 earnings per share. The business’s revenue for the quarter was up 53.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Fox Advisors reissued an “outperform” rating on shares of Amphenol in a research report on Friday, January 9th. Evercore ISI reiterated an “outperform” rating and set a $165.00 price target on shares of Amphenol in a report on Tuesday. US Capital Advisors set a $165.00 price target on shares of Amphenol in a research report on Friday, January 9th. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.62.

Insider Buying and Selling at Amphenol

In related news, VP David M. Silverman sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the sale, the vice president directly owned 12,500 shares in the company, valued at approximately $1,764,625. The trade was a 90.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 120,000 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the completion of the transaction, the vice president owned 76,400 shares in the company, valued at $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 698,076 shares of company stock worth $99,081,306. 1.67% of the stock is owned by corporate insiders.

About Amphenol

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.