Baron Wealth Management LLC Invests $211,000 in Amphenol Co. (NYSE:APH)

Baron Wealth Management LLC bought a new position in shares of Amphenol Co. (NYSE:APH) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,040 shares of the electronics maker’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp lifted its holdings in Amphenol by 3.0% during the third quarter. State Street Corp now owns 53,534,216 shares of the electronics maker’s stock worth $3,496,777,000 after acquiring an additional 1,537,880 shares in the last quarter. Geode Capital Management LLC lifted its stake in Amphenol by 2.3% in the third quarter. Geode Capital Management LLC now owns 24,666,093 shares of the electronics maker’s stock valued at $1,601,540,000 after buying an additional 564,991 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Amphenol by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,558,670 shares of the electronics maker’s stock valued at $427,363,000 after buying an additional 63,180 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Amphenol by 25.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,329,913 shares of the electronics maker’s stock valued at $347,297,000 after buying an additional 1,073,480 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Amphenol by 89.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker’s stock worth $280,397,000 after acquiring an additional 2,032,402 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on APH. Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Citigroup upped their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Truist Financial raised their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Finally, Bank of America boosted their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $80.68.

Amphenol Trading Up 1.1 %

APH stock opened at $69.34 on Thursday. The stock has a market cap of $83.60 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24. The company has a fifty day moving average price of $72.02 and a two-hundred day moving average price of $67.96. Amphenol Co. has a one year low of $50.48 and a one year high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.33.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. Amphenol’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 EPS. Equities analysts anticipate that Amphenol Co. will post 2.17 EPS for the current year.

Insider Buying and Selling

In other Amphenol news, CFO Craig A. Lampo sold 300,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $71.56, for a total transaction of $21,468,000.00. Following the transaction, the chief financial officer now owns 318,116 shares in the company, valued at $22,764,380.96. This trade represents a 48.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 612,000 shares of company stock valued at $44,177,640. Insiders own 1.80% of the company’s stock.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.