Dakota Wealth Management Purchases 3,076 Shares of Amphenol Co. (NYSE:APH)

Dakota Wealth Management increased its position in shares of Amphenol Co. (NYSE:APH) by 8.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,049 shares of the electronics maker’s stock after purchasing an additional 3,076 shares during the period. Dakota Wealth Management’s holdings in Amphenol were worth $2,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in APH. Mcdaniel Terry & Co. raised its stake in Amphenol by 1.2% in the 3rd quarter. Mcdaniel Terry & Co. now owns 410,021 shares of the electronics maker’s stock worth $26,717,000 after purchasing an additional 4,717 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Amphenol during the third quarter worth approximately $81,670,000. Commerzbank Aktiengesellschaft FI increased its stake in Amphenol by 36.6% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 7,188 shares of the electronics maker’s stock worth $469,000 after acquiring an additional 1,927 shares during the period. Community Trust & Investment Co. raised its holdings in Amphenol by 0.7% in the 3rd quarter. Community Trust & Investment Co. now owns 271,533 shares of the electronics maker’s stock valued at $17,693,000 after acquiring an additional 1,927 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Amphenol by 5.6% during the 3rd quarter. Private Advisor Group LLC now owns 39,185 shares of the electronics maker’s stock valued at $2,553,000 after acquiring an additional 2,061 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Luc Walter sold 170,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Luc Walter sold 170,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $64.10, for a total value of $10,897,000.00. Following the sale, the insider now directly owns 447,790 shares of the company’s stock, valued at approximately $28,703,339. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider William J. Doherty sold 300,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $65.83, for a total transaction of $19,749,000.00. The disclosure for this sale can be found here. Insiders sold a total of 570,000 shares of company stock valued at $37,209,000 in the last three months. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on APH. Vertical Research started coverage on Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Bank of America boosted their target price on shares of Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday. Evercore ISI increased their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Cowen boosted their price objective on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday. Finally, Robert W. Baird raised their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.63.

Amphenol Stock Performance

NYSE:APH opened at $69.41 on Friday. The stock’s 50-day moving average is $65.10 and its 200-day moving average is $64.58. Amphenol Co. has a 1-year low of $39.48 and a 1-year high of $71.20. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The stock has a market cap of $83.38 billion, a P/E ratio of 42.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $4.04 billion for the quarter, compared to analyst estimates of $3.81 billion. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. Equities research analysts anticipate that Amphenol Co. will post 1.76 earnings per share for the current year.

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.