Ballentine Partners LLC Acquires 4,255 Shares of Amphenol Corporation $APH

Ballentine Partners LLC lifted its stake in Amphenol Corporation (NYSE:APH) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,357 shares of the electronics maker’s stock after purchasing an additional 4,255 shares during the quarter. Ballentine Partners LLC’s holdings in Amphenol were worth $4,499,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on APH. Citigroup reissued a “buy” rating and set a $175.00 price target (up previously from $160.00) on shares of Amphenol in a research report on Monday, January 12th. Barclays upgraded Amphenol from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $143.00 to $156.00 in a research note on Monday, January 12th. Fox Advisors reaffirmed an “outperform” rating on shares of Amphenol in a research report on Friday, January 9th. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $120.00 to $150.00 in a report on Wednesday, October 15th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $183.00 target price on shares of Amphenol in a research note on Thursday, January 15th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $149.54.

Amphenol Trading Up 7.2%

Shares of NYSE:APH opened at $166.69 on Wednesday. The stock’s 50-day simple moving average is $140.60 and its two-hundred day simple moving average is $126.71. The stock has a market capitalization of $204.04 billion, a price-to-earnings ratio of 55.56, a PEG ratio of 0.94 and a beta of 1.21. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $167.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07.

Insider Activity at Amphenol

In other Amphenol news, VP David M. Silverman sold 120,000 shares of the stock in a transaction that occurred on 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 transaction, the vice president directly owned 12,500 shares in the company, valued at approximately $1,764,625. This trade represents a 90.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 40,076 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $143.50, for a total transaction of $5,750,906.00. Following the sale, the chief financial officer directly owned 39,884 shares of the company’s stock, valued at approximately $5,723,354. The trade was a 50.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 498,076 shares of company stock worth $70,996,906. 1.67% of the stock is owned by company insiders.

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.