Eastern Bank Sells 659 Shares of Amphenol Corporation $APH

Eastern Bank reduced its position in Amphenol Corporation (NYSE:APH) by 44.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 832 shares of the electronics maker’s stock after selling 659 shares during the quarter. Eastern Bank’s holdings in Amphenol were worth $82,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Hughes Financial Services LLC bought a new stake in shares of Amphenol in the first quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Amphenol in the second quarter valued at about $25,000. Avalon Trust Co raised its holdings in shares of Amphenol by 133.3% in the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Amphenol in the first quarter valued at about $28,000. Finally, Saudi Central Bank bought a new stake in shares of Amphenol in the first quarter valued at about $31,000. 97.01% of the stock is currently owned by institutional investors.

Insider Transactions at Amphenol

In related news, insider William J. Doherty sold 113,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $110.29, for a total value of $12,462,770.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $110.60, for a total value of $11,060,000.00. Following the completion of the transaction, the vice president directly owned 76,400 shares of the company’s stock, valued at $8,449,840. The trade was a 56.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 665,924 shares of company stock worth $73,369,357 in the last ninety days. Corporate insiders own 1.67% of the company’s stock.

Analyst Upgrades and Downgrades

APH has been the subject of a number of recent research reports. KGI Securities initiated coverage on shares of Amphenol in a report on Thursday, June 26th. They issued a “hold” rating for the company. The Goldman Sachs Group set a $139.00 target price on shares of Amphenol and gave the stock a “buy” rating in a report on Monday, September 29th. Wall Street Zen downgraded shares of Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 10th. Citigroup reiterated a “buy” rating and issued a $145.00 target price (up from $125.00) on shares of Amphenol in a report on Wednesday, September 24th. Finally, Bank of America boosted their target price on shares of Amphenol from $110.00 to $120.00 and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.43.

Amphenol Price Performance

Shares of APH stock opened at $121.64 on Monday. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $127.50. The firm has a market capitalization of $148.51 billion, a price-to-earnings ratio of 48.46, a PEG ratio of 1.95 and a beta of 1.17. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02. The stock’s 50-day simple moving average is $115.78 and its 200-day simple moving average is $96.49.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.15. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.Amphenol’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. As a group, equities analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th were given a $0.165 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. Amphenol’s dividend payout ratio is currently 26.29%.

About Amphenol

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.