Weatherly Asset Management L. P. Trims Stake in Amphenol Corporation $APH

Weatherly Asset Management L. P. lessened its holdings in shares of Amphenol Corporation (NYSE:APH) by 14.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,179 shares of the electronics maker’s stock after selling 5,910 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Amphenol were worth $4,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of APH. Brighton Jones LLC lifted its holdings in shares of Amphenol by 114.0% in the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock worth $1,224,000 after buying an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after purchasing an additional 4,721 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Amphenol by 8.3% in the fourth quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock worth $559,000 after purchasing an additional 618 shares during the last quarter. CreativeOne Wealth LLC lifted its position in shares of Amphenol by 104.2% in the first quarter. CreativeOne Wealth LLC now owns 14,042 shares of the electronics maker’s stock worth $921,000 after buying an additional 7,164 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its holdings in Amphenol by 4.4% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 72,670 shares of the electronics maker’s stock valued at $4,766,000 after buying an additional 3,056 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APH. Barclays lifted their price objective on shares of Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 13th. Citigroup raised their price objective on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Wall Street Zen lowered Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. The Goldman Sachs Group set a $154.00 target price on shares of Amphenol and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Evercore ISI lifted their price target on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.08.

Insiders Place Their Bets

In other Amphenol news, VP Lance E. D’amico sold 120,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total value of $16,801,200.00. Following the completion of the sale, the vice president directly owned 76,400 shares in the company, valued at $10,696,764. This trade represents a 61.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 258,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $143.20, for a total value of $36,945,600.00. Following the completion of the sale, the chief financial officer directly owned 167,695 shares of the company’s stock, valued at $24,013,924. The trade was a 60.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,063,194 shares of company stock valued at $148,244,445 in the last three months. 1.67% of the stock is currently owned by insiders.

Amphenol Price Performance

Shares of APH stock opened at $137.39 on Friday. The company has a market capitalization of $168.17 billion, a P/E ratio of 45.80, a P/E/G ratio of 1.08 and a beta of 1.19. The company’s 50-day simple moving average is $136.25 and its two-hundred day simple moving average is $118.63. Amphenol Corporation has a one year low of $56.45 and a one year high of $144.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same period in the prior year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was up 53.4% compared to the same quarter last year. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. As a group, equities analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This is an increase from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s dividend payout ratio is 33.33%.

About Amphenol

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.