Monte Financial Group LLC Trims Stake in Amphenol Corporation $APH

Monte Financial Group LLC cut its stake in shares of Amphenol Corporation (NYSE:APH) by 19.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,460 shares of the electronics maker’s stock after selling 3,678 shares during the period. Monte Financial Group LLC’s holdings in Amphenol were worth $1,913,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Estate Counselors LLC bought a new position in shares of Amphenol during the 3rd quarter valued at approximately $3,831,000. Intact Investment Management Inc. bought a new stake in Amphenol during the 3rd quarter worth approximately $1,372,000. Exchange Bank bought a new position in shares of Amphenol in the third quarter worth approximately $436,000. Mutual of America Capital Management LLC increased its stake in shares of Amphenol by 1.7% in the third quarter. Mutual of America Capital Management LLC now owns 202,808 shares of the electronics maker’s stock worth $25,097,000 after purchasing an additional 3,391 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in shares of Amphenol by 24.1% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 2,501 shares of the electronics maker’s stock valued at $309,000 after purchasing an additional 485 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

In other news, insider William J. Doherty sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total transaction of $11,283,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP David M. Silverman sold 120,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total value of $16,940,400.00. Following the completion of the sale, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This represents a 90.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 698,076 shares of company stock worth $99,081,306 in the last 90 days. Company insiders own 1.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on APH. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Evercore ISI reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of Amphenol in a research note on Tuesday, January 20th. UBS Group reissued a “buy” rating and set a $174.00 target price (up previously from $152.00) on shares of Amphenol in a research note on Wednesday, January 14th. Citigroup restated a “buy” rating and issued a $175.00 price target (up from $160.00) on shares of Amphenol in a research note on Monday, January 12th. Finally, Barclays upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $143.00 to $156.00 in a research report on Monday, January 12th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.62.

Amphenol Stock Down 1.0%

Shares of NYSE:APH opened at $150.97 on Monday. The company has a market cap of $184.79 billion, a price-to-earnings ratio of 50.32, a PEG ratio of 0.92 and a beta of 1.21. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $157.54. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $139.45 and a 200 day moving average price of $125.83.

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.