Trueblood Wealth Management LLC Purchases 829 Shares of Amphenol Co. (NYSE:APH)

Trueblood Wealth Management LLC lifted its position in Amphenol Co. (NYSE:APH) by 15.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 6,155 shares of the electronics maker’s stock after buying an additional 829 shares during the period. Trueblood Wealth Management LLC’s holdings in Amphenol were worth $401,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Lake Street Advisors Group LLC increased its holdings in shares of Amphenol by 4.4% in the third quarter. Lake Street Advisors Group LLC now owns 9,953 shares of the electronics maker’s stock worth $650,000 after acquiring an additional 415 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Amphenol by 5.5% in the 3rd quarter. Ballentine Partners LLC now owns 27,953 shares of the electronics maker’s stock valued at $1,821,000 after purchasing an additional 1,451 shares during the period. Silver Oak Securities Incorporated bought a new stake in Amphenol during the 3rd quarter worth approximately $514,000. Legacy Capital Group California Inc. raised its holdings in Amphenol by 61.6% during the 3rd quarter. Legacy Capital Group California Inc. now owns 14,599 shares of the electronics maker’s stock worth $951,000 after buying an additional 5,564 shares during the period. Finally, Dakota Wealth Management lifted its stake in Amphenol by 8.6% in the third quarter. Dakota Wealth Management now owns 39,049 shares of the electronics maker’s stock valued at $2,544,000 after buying an additional 3,076 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH stock opened at $69.41 on Friday. The company has a fifty day moving average price of $65.03 and a two-hundred day moving average price of $64.51. Amphenol Co. has a one year low of $39.48 and a one year high of $71.20. The stock has a market cap of $83.38 billion, a P/E ratio of 42.58, a P/E/G ratio of 2.56 and a beta of 1.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.02 and a quick ratio of 1.32.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. Amphenol’s revenue was up 26.3% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. As a group, equities analysts predict that Amphenol Co. will post 1.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on APH shares. Vertical Research started coverage on shares of Amphenol in a report on Tuesday, July 23rd. They set a “hold” rating and a $65.00 price objective on the stock. Truist Financial boosted their price target on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday. Bank of America lifted their target price on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday. Robert W. Baird boosted their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Evercore ISI raised their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.63.

Insider Transactions at Amphenol

In related news, insider Luc Walter sold 170,000 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $64.10, for a total value of $10,897,000.00. Following the sale, the insider now owns 447,790 shares in the company, valued at approximately $28,703,339. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the completion of the sale, the vice president now owns 51,400 shares in the company, valued at $3,373,382. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Luc Walter sold 170,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $64.10, for a total value of $10,897,000.00. Following the transaction, the insider now owns 447,790 shares in the company, valued at approximately $28,703,339. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 570,000 shares of company stock worth $37,209,000. 1.80% of the stock is owned by company insiders.

Amphenol 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.