Amphenol Corporation $APH Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC reduced its stake in Amphenol Corporation (NYSE:APH) by 50.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 478,038 shares of the electronics maker’s stock after selling 482,808 shares during the quarter. Amphenol comprises 9.2% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its largest holding. Mountain Pacific Investment Advisers LLC’s holdings in Amphenol were worth $59,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in APH. Bruce G. Allen Investments LLC boosted its stake in shares of Amphenol by 9.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 975 shares of the electronics maker’s stock valued at $121,000 after purchasing an additional 84 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in 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 buying an additional 90 shares during the period. Allen Capital Group LLC boosted its position in Amphenol by 3.2% during the third quarter. Allen Capital Group LLC now owns 3,012 shares of the electronics maker’s stock valued at $373,000 after acquiring an additional 92 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in Amphenol by 19.2% during the 2nd quarter. Bell Investment Advisors Inc now owns 591 shares of the electronics maker’s stock worth $58,000 after acquiring an additional 95 shares during the period. Finally, CENTRAL TRUST Co raised its position in shares of Amphenol by 9.4% in the 2nd quarter. CENTRAL TRUST Co now owns 1,146 shares of the electronics maker’s stock worth $113,000 after acquiring an additional 98 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Fox Advisors restated an “outperform” rating on shares of Amphenol in a research report on Friday, January 9th. UBS Group restated a “buy” rating and set a $174.00 price target (up from $152.00) on shares of Amphenol in a report on Wednesday, January 14th. Citigroup reaffirmed a “buy” rating and set a $175.00 price objective (up previously from $160.00) on shares of Amphenol in a research report on Monday, January 12th. Bank of America upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and boosted their target price for the company from $120.00 to $150.00 in a research report on Wednesday, October 15th. Finally, Truist Financial set a $182.00 price target on shares of Amphenol in a report on Tuesday, January 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and an average price target of $147.62.

Insider Transactions at Amphenol

In other Amphenol news, insider William J. Doherty sold 80,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total value of $11,360,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 120,000 shares of the stock in a transaction dated 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 owned 76,400 shares of the company’s stock, valued at approximately $10,696,764. This trade represents a 61.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,063,194 shares of company stock worth $148,244,445. 1.67% of the stock is owned by insiders.

Amphenol Stock Performance

Shares of Amphenol stock opened at $154.65 on Thursday. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $156.28. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The business has a 50 day moving average price of $138.75 and a 200-day moving average price of $124.88. The company has a market cap of $189.30 billion, a PE ratio of 51.55, a price-to-earnings-growth ratio of 0.96 and a beta of 1.21.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.14. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. Amphenol’s revenue was up 53.4% compared to the same quarter last year. Equities analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

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.