Harvey Investment Co. LLC Reduces Stake in Amphenol Co. (NYSE:APH)

Harvey Investment Co. LLC lessened its position in shares of Amphenol Co. (NYSE:APH) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 265,280 shares of the electronics maker’s stock after selling 4,620 shares during the quarter. Amphenol accounts for 2.0% of Harvey Investment Co. LLC’s portfolio, making the stock its 21st biggest holding. Harvey Investment Co. LLC’s holdings in Amphenol were worth $17,286,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of APH. Revolve Wealth Partners LLC purchased a new position in shares of Amphenol in the first quarter worth approximately $208,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Amphenol by 15.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 54,073 shares of the electronics maker’s stock worth $6,237,000 after acquiring an additional 7,054 shares during the last quarter. Transform Wealth LLC boosted its stake in shares of Amphenol by 16.4% during the 1st quarter. Transform Wealth LLC now owns 3,996 shares of the electronics maker’s stock worth $462,000 after acquiring an additional 564 shares during the last quarter. Harbour Capital Advisors LLC increased its stake in shares of Amphenol by 2.9% in the 1st quarter. Harbour Capital Advisors LLC now owns 15,703 shares of the electronics maker’s stock worth $1,775,000 after purchasing an additional 440 shares in the last quarter. Finally, Asio Capital LLC purchased a new stake in shares of Amphenol in the 1st quarter worth $2,174,000. Institutional investors own 97.01% of the company’s stock.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 300,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total transaction of $19,749,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. 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 through this link. Also, insider William J. Doherty sold 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $65.83, for a total value of $19,749,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,516,000 shares of company stock valued at $98,236,640. 1.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on APH shares. UBS Group boosted their price target on Amphenol from $69.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Robert W. Baird boosted their price objective on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday. Vertical Research assumed coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They set a “hold” rating and a $65.00 target price on the stock. Bank of America upped their price target on shares of Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Truist Financial raised their price objective on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $67.42.

Amphenol Stock Up 0.5 %

APH opened at $68.79 on Thursday. The company has a market capitalization of $82.63 billion, a PE ratio of 42.01, a price-to-earnings-growth ratio of 2.56 and a beta of 1.24. The firm has a 50-day simple moving average of $64.96 and a two-hundred day simple moving average of $64.47. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. Amphenol Co. has a 52 week low of $39.34 and a 52 week high of $71.20.

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

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.