Ballentine Partners LLC Raises Stake in Amphenol Corporation $APH

Ballentine Partners LLC grew its position in Amphenol Corporation (NYSE:APH) by 13.3% in the third quarter, HoldingsChannel.com reports. The firm owned 36,357 shares of the electronics maker’s stock after acquiring an additional 4,255 shares during the period. Ballentine Partners LLC’s holdings in Amphenol were worth $4,499,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC increased its stake in Amphenol by 9.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 975 shares of the electronics maker’s stock worth $121,000 after buying an additional 84 shares in the last quarter. Financial Management Professionals Inc. boosted its stake 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 worth $25,000 after acquiring an additional 90 shares during the period. Allen Capital Group LLC grew its position in shares of Amphenol by 3.2% during the third quarter. Allen Capital Group LLC now owns 3,012 shares of the electronics maker’s stock worth $373,000 after purchasing an additional 92 shares in the last quarter. Bell Investment Advisors Inc raised its stake in Amphenol by 19.2% during the 2nd quarter. Bell Investment Advisors Inc now owns 591 shares of the electronics maker’s stock valued at $58,000 after purchasing an additional 95 shares during the period. Finally, CENTRAL TRUST Co lifted its holdings in 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 purchasing an additional 98 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Up 7.2%

Shares of NYSE:APH opened at $166.69 on Wednesday. The company has a market cap of $204.04 billion, a price-to-earnings ratio of 55.56, a PEG ratio of 0.94 and a beta of 1.21. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $167.04. 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 $140.60 and a 200 day moving average price of $126.71.

Insider Transactions at Amphenol

In other Amphenol news, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total transaction of $11,360,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David M. Silverman sold 120,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the transaction, the vice president owned 12,500 shares in the company, valued at $1,764,625. This trade represents a 90.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 498,076 shares of company stock worth $70,996,906. 1.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on APH. Barclays raised shares of Amphenol from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $143.00 to $156.00 in a report on Monday, January 12th. Robert W. Baird set a $139.00 target price on shares of Amphenol and gave the company an “outperform” rating in a research note on Friday, October 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $183.00 price target on shares of Amphenol in a research note on Thursday, January 15th. Fox Advisors restated an “outperform” rating on shares of Amphenol in a research report on Friday, January 9th. Finally, Citigroup reaffirmed a “buy” rating and issued a $175.00 target price (up 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 issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $149.54.

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.