Guardian Capital LP Has $921,000 Stake in Amphenol Co. (NYSE:APH)

Guardian Capital LP increased its stake in Amphenol Co. (NYSE:APH) by 5.9% in the 4th quarter, Holdings Channel reports. The firm owned 13,256 shares of the electronics maker’s stock after purchasing an additional 744 shares during the period. Guardian Capital LP’s holdings in Amphenol were worth $921,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new stake in shares of Amphenol during the 3rd quarter worth $582,000. Wilmington Savings Fund Society FSB bought a new stake in Amphenol during the third quarter valued at about $2,277,000. Tidal Investments LLC grew its position in shares of Amphenol by 464.6% in the third quarter. Tidal Investments LLC now owns 396,066 shares of the electronics maker’s stock valued at $25,808,000 after purchasing an additional 325,912 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Amphenol in the third quarter worth about $9,614,000. Finally, Principal Financial Group Inc. lifted its position in shares of Amphenol by 73.9% during the 3rd quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker’s stock worth $168,851,000 after purchasing an additional 1,101,368 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

NYSE:APH opened at $77.05 on Thursday. The firm has a market capitalization of $93.37 billion, a PE ratio of 40.24, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. Amphenol Co. has a 12-month low of $54.77 and a 12-month high of $79.39. The firm has a 50-day moving average price of $65.99 and a 200 day moving average price of $69.19.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.20 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. Amphenol’s quarterly revenue was up 47.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. Research analysts anticipate that Amphenol Co. will post 2.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 2,000,000 shares of Amphenol stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the completion of the transaction, the chief executive officer now owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. The trade was a 49.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Luc Walter sold 390,000 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $75.91, for a total value of $29,604,900.00. Following the sale, the insider now owns 447,790 shares in the company, valued at approximately $33,991,738.90. This trade represents a 46.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,965,000 shares of company stock valued at $224,785,900. 1.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on APH shares. US Capital Advisors set a $85.00 target price on Amphenol in a report on Thursday, April 24th. Bank of America raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $85.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, April 24th. Robert W. Baird raised their price target on shares of Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group upped their price objective on shares of Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.58.

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.