Bar Harbor Wealth Management Acquires 1,513 Shares of Amphenol Co. (NYSE:APH)

Bar Harbor Wealth Management lifted its holdings in Amphenol Co. (NYSE:APH) by 3.0% in the fourth quarter, HoldingsChannel reports. The fund owned 52,536 shares of the electronics maker’s stock after buying an additional 1,513 shares during the period. Bar Harbor Wealth Management’s holdings in Amphenol were worth $3,649,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Trifecta Capital Advisors LLC boosted its position in Amphenol by 352.1% during the third quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after buying an additional 338 shares during the period. Core Alternative Capital boosted its holdings in Amphenol by 100.0% during the 2nd quarter. Core Alternative Capital now owns 462 shares of the electronics maker’s stock valued at $31,000 after acquiring an additional 231 shares during the period. Brown Brothers Harriman & Co. grew its position in Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after acquiring an additional 166 shares during the last quarter. Continuum Advisory LLC increased its stake in Amphenol by 89.3% in the 3rd quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 234 shares during the period. Finally, Sunbelt Securities Inc. lifted its position in Amphenol by 100.3% in the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock valued at $44,000 after purchasing an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

APH has been the topic of several recent analyst reports. TD Cowen raised their target price on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Robert W. Baird boosted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Bank of America increased their target price on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Evercore ISI boosted their price target on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial upped their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.63.

Amphenol Stock Down 2.7 %

NYSE:APH traded down $1.89 during mid-day trading on Monday, hitting $68.31. 5,270,536 shares of the company’s stock were exchanged, compared to its average volume of 5,135,848. The business has a fifty day moving average price of $72.00 and a 200 day moving average price of $67.67. Amphenol Co. has a one year low of $47.38 and a one year high of $75.78. The company has a market cap of $82.36 billion, a PE ratio of 39.26, a P/E/G ratio of 2.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The company had revenue of $4.04 billion during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter last year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. Equities analysts predict that Amphenol Co. will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s payout ratio is 37.93%.

Insider Activity at Amphenol

In other Amphenol news, 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 transaction of $9,783,840.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 150,000 shares of Amphenol stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the sale, the chief financial officer now owns 218,116 shares of the company’s stock, valued at $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,842,672 shares of company stock valued at $128,858,080. 1.80% of the stock is owned by insiders.

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.