Amphenol Corporation $APH Shares Acquired by Whittier Trust Co.

Whittier Trust Co. increased its holdings in shares of Amphenol Corporation (NYSE:APH) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,826 shares of the electronics maker’s stock after buying an additional 7,102 shares during the period. Whittier Trust Co.’s holdings in Amphenol were worth $34,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. grew its position in shares of Amphenol by 82.6% in 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 period. Riggs Asset Managment Co. Inc. lifted its stake 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 in the last quarter. Howard Hughes Medical Institute acquired a new stake in Amphenol in the 2nd quarter worth about $26,000. Alpine Bank Wealth Management purchased a new stake in Amphenol during the 3rd quarter worth approximately $30,000. Finally, Evolution Wealth Management Inc. acquired a new position in shares of Amphenol during the second quarter valued at approximately $31,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Stock Performance

NYSE:APH opened at $150.97 on Friday. The company’s 50-day moving average is $139.45 and its two-hundred day moving average is $125.63. 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 price-to-earnings ratio of 50.32, a PEG ratio of 0.95 and a beta of 1.21.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The business’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 EPS. Analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Insiders Place Their Bets

In related news, VP David M. Silverman sold 120,000 shares of the business’s 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Craig A. Lampo sold 40,076 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 39,884 shares in the company, valued at $5,723,354. The trade was a 50.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 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.

Wall Street Analyst Weigh In

APH has been the topic of a number of research analyst reports. Robert W. Baird set a $139.00 price target on Amphenol and gave the stock an “outperform” rating in a research note on Friday, October 10th. Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Evercore ISI reiterated an “outperform” rating and issued a $165.00 target price on shares of Amphenol in a research report on Tuesday. US Capital Advisors set a $165.00 price target on shares of Amphenol in a research report on Friday, January 9th. Finally, Citigroup reiterated a “buy” rating and issued a $175.00 price objective (up previously from $160.00) on shares of Amphenol in a report on Monday, January 12th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.62.

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.