Progressive Investment Management Corp Makes New $8.73 Million Investment in Amphenol Corporation $APH

Progressive Investment Management Corp acquired a new position in Amphenol Corporation (NYSE:APH) during the third quarter, HoldingsChannel.com reports. The fund acquired 70,514 shares of the electronics maker’s stock, valued at approximately $8,726,000. Amphenol accounts for approximately 2.1% of Progressive Investment Management Corp’s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds have also added to or reduced their stakes in APH. Riggs Asset Managment Co. Inc. increased its position in shares of Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 168 shares during the last quarter. Financial Management Professionals Inc. increased its position in shares of Amphenol by 82.6% during the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 90 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in shares of Amphenol during the 2nd quarter worth approximately $26,000. Alpine Bank Wealth Management bought a new position in shares of Amphenol in the third quarter valued at $30,000. Finally, Evolution Wealth Management Inc. acquired a new position in Amphenol during the second quarter worth $31,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of NYSE APH opened at $136.35 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.98 and a quick ratio of 2.48. The firm has a market cap of $166.90 billion, a price-to-earnings ratio of 40.82, a P/E/G ratio of 1.35 and a beta of 1.20. The stock’s fifty day moving average price is $141.27 and its two-hundred day moving average price is $128.54. Amphenol Corporation has a one year low of $56.45 and a one year high of $167.04.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.97 EPS for the quarter, beating the consensus estimate of $0.93 by $0.04. Amphenol had a net margin of 18.49% and a return on equity of 35.57%. The business had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the prior year, the company posted $0.55 earnings per share. Amphenol’s revenue was up 49.1% compared to the same quarter last year. Amphenol has set its Q1 2026 guidance at 0.910-0.930 EPS. On average, equities analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 14th. Investors of record on Monday, March 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, March 23rd. Amphenol’s payout ratio is 29.94%.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $142.00, for a total value of $11,360,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig A. Lampo sold 40,076 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $143.50, for a total value of $5,750,906.00. Following the sale, the chief financial officer owned 39,884 shares of the company’s stock, valued at approximately $5,723,354. The trade was a 50.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 378,076 shares of company stock worth $54,056,506 in the last three months. 1.67% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Truist Financial set a $182.00 price target on shares of Amphenol in a research note on Tuesday, January 13th. Evercore reiterated an “outperform” rating and issued a $165.00 target price on shares of Amphenol in a research note on Tuesday, January 20th. Citigroup lifted their price target on Amphenol from $175.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. UBS Group restated a “buy” rating and issued a $174.00 price objective (up previously from $152.00) on shares of Amphenol in a research note on Wednesday, January 14th. Finally, Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $150.00 in a research note on Wednesday, October 15th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average price target of $151.38.

Amphenol Profile

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.