Tributary Capital Management LLC Cuts Stock Holdings in Amphenol Corporation $APH

Tributary Capital Management LLC reduced its position in shares of Amphenol Corporation (NYSE:APH) by 26.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 6,945 shares of the electronics maker’s stock after selling 2,500 shares during the period. Tributary Capital Management LLC’s holdings in Amphenol were worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in APH. Hughes Financial Services LLC purchased a new position in Amphenol during the first quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new position in Amphenol in the second quarter valued at about $25,000. Avalon Trust Co increased its holdings in 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 buying an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Amphenol in the first quarter valued at about $28,000. Finally, Saudi Central Bank purchased a new position in Amphenol in the first quarter valued at about $31,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amphenol

In other Amphenol news, insider William J. Doherty sold 113,000 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $108.89, for a total transaction of $12,304,570.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP David M. Silverman sold 100,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the transaction, the vice president directly owned 12,500 shares in the company, valued at approximately $1,380,250. This represents a 88.89% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 665,924 shares of company stock worth $73,369,357. Company insiders own 1.67% of the company’s stock.

Amphenol Stock Up 3.6%

Shares of NYSE APH opened at $128.95 on Thursday. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $135.94. The firm’s 50 day moving average price is $118.40 and its 200 day moving average price is $99.42. The firm has a market cap of $157.44 billion, a P/E ratio of 51.38, a price-to-earnings-growth ratio of 1.63 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.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same quarter last year, the business earned $0.50 earnings per share. Amphenol’s revenue was up 53.4% compared to the same quarter last year. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. As a group, sell-side analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.25 per share. 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 0.8%. The ex-dividend date of this dividend is Tuesday, December 16th. Amphenol’s payout ratio is 26.29%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on APH shares. KGI Securities started coverage on shares of Amphenol in a report on Thursday, June 26th. They issued a “hold” rating for the company. Truist Financial increased their target price on shares of Amphenol from $102.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Citigroup reiterated a “buy” rating and issued a $145.00 price target (up from $125.00) on shares of Amphenol in a research report on Wednesday, September 24th. Robert W. Baird set a $139.00 price target on shares of Amphenol and gave the company an “outperform” rating in a research report on Friday, October 10th. Finally, Bank of America upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and increased their price target for the company from $120.00 to $150.00 in a research report on Wednesday, October 15th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $118.00.

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.