Logan Capital Management Inc. Has $53.90 Million Holdings in Amphenol Corporation $APH

Logan Capital Management Inc. lessened its position in Amphenol Corporation (NYSE:APH) by 4.6% in the second quarter, HoldingsChannel reports. The firm owned 545,809 shares of the electronics maker’s stock after selling 26,489 shares during the quarter. Amphenol accounts for approximately 2.5% of Logan Capital Management Inc.’s holdings, making the stock its 8th biggest holding. Logan Capital Management Inc.’s holdings in Amphenol were worth $53,899,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in APH. Opal Wealth Advisors LLC purchased a new stake in shares of Amphenol in the 2nd quarter worth about $25,000. Hilltop National Bank bought a new stake in Amphenol during the second quarter worth about $35,000. Hughes Financial Services LLC purchased a new stake in Amphenol in the first quarter worth about $25,000. Avalon Trust Co increased its stake in shares of Amphenol by 133.3% during the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 232 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Amphenol during the first quarter valued at approximately $28,000. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 40,076 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.56, for a total value of $4,430,802.56. Following the transaction, the chief financial officer owned 39,884 shares of the company’s stock, valued at approximately $4,409,575.04. This represents a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William J. Doherty sold 113,000 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $110.29, for a total value of $12,462,770.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,031,042 shares of company stock worth $122,532,496. 1.67% of the stock is owned by corporate insiders.

Amphenol Price Performance

NYSE APH opened at $135.84 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. The company has a market capitalization of $165.85 billion, a price-to-earnings ratio of 45.28, a PEG ratio of 1.51 and a beta of 1.17. The stock has a 50-day moving average of $119.88 and a 200 day moving average of $101.45. Amphenol Corporation has a one year low of $56.45 and a one year high of $137.65.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter last year, the firm posted $0.50 EPS. The business’s quarterly 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. On average, sell-side analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen upgraded Amphenol from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Citigroup increased their target price on Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Industrial Alliance Securities set a $115.00 price target on Amphenol in a research report on Friday, July 11th. Barclays assumed coverage on shares of Amphenol in a research report on Wednesday, October 8th. They set an “equal weight” rating and a $120.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $129.77.

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.