Intact Investment Management Inc. Invests $1.37 Million in Amphenol Corporation $APH

Intact Investment Management Inc. acquired a new stake in Amphenol Corporation (NYSE:APH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,090 shares of the electronics maker’s stock, valued at approximately $1,372,000.

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

Amphenol Trading Up 3.1%

APH opened at $155.71 on Tuesday. The firm has a 50 day simple moving average of $139.92 and a 200 day simple moving average of $126.23. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $157.54. The company has a market cap of $190.60 billion, a price-to-earnings ratio of 51.90, a price-to-earnings-growth ratio of 0.92 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.

Analyst Upgrades and Downgrades

Several brokerages recently commented on APH. Fox Advisors reaffirmed an “outperform” rating on shares of Amphenol in a research report on Friday, January 9th. Barclays raised Amphenol from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $143.00 to $156.00 in a research report on Monday, January 12th. Wall Street Zen downgraded Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $183.00 price objective on shares of Amphenol in a research note on Thursday, January 15th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold 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 $147.62.

Insider Buying and Selling

In related news, CFO Craig A. Lampo sold 258,000 shares of Amphenol stock in a transaction on 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP David M. Silverman sold 120,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $141.17, for a total value of $16,940,400.00. Following the completion of the transaction, the vice president directly owned 12,500 shares in the company, valued at $1,764,625. The trade was a 90.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 698,076 shares of company stock valued at $99,081,306 over the last 90 days. Company insiders own 1.67% of the company’s stock.

Amphenol 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.