Exchange Bank Purchases New Shares in Amphenol Corporation $APH

Exchange Bank purchased a new position in Amphenol Corporation (NYSE:APH) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,523 shares of the electronics maker’s stock, valued at approximately $436,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Financial Management Professionals Inc. lifted its holdings in shares of Amphenol by 82.6% during the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 90 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its stake in shares of Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 168 shares during the period. Howard Hughes Medical Institute purchased a new stake in Amphenol during the 2nd quarter valued at $26,000. Alpine Bank Wealth Management bought a new position in Amphenol in the third quarter valued at about $30,000. Finally, Evolution Wealth Management Inc. bought a new position in shares of Amphenol in the 2nd quarter worth approximately $31,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Trading Down 1.0%

Shares of NYSE:APH opened at $150.97 on Monday. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $157.54. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. The firm has a market capitalization of $184.79 billion, a P/E ratio of 50.32, a P/E/G ratio of 0.92 and a beta of 1.21. The business’s 50-day moving average is $139.45 and its 200 day moving average is $125.83.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Robert W. Baird set a $139.00 price target on Amphenol and gave the company an “outperform” rating in a report on Friday, October 10th. Wall Street Zen lowered Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. The Goldman Sachs Group restated a “buy” rating and set a $183.00 target price on shares of Amphenol in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday. Finally, Barclays raised Amphenol from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $143.00 to $156.00 in a research report on Monday, January 12th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.62.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 258,000 shares of Amphenol stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the completion of the sale, the chief financial officer owned 167,695 shares of the company’s stock, valued at $24,013,924. The trade was a 60.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Lance E. D’amico sold 120,000 shares of the company’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the completion of the sale, the vice president directly owned 76,400 shares in the company, valued at $10,696,764. This trade represents a 61.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 698,076 shares of company stock worth $99,081,306. Corporate insiders own 1.67% of the company’s stock.

Amphenol Company Profile

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.