One Day In July LLC Takes Position in Amphenol Corporation $APH

One Day In July LLC bought a new position in Amphenol Corporation (NYSE:APH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,288 shares of the electronics maker’s stock, valued at approximately $226,000.

A number of other hedge funds also recently made changes to their positions in APH. T. Rowe Price Investment Management Inc. lifted its position in shares of Amphenol by 196.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock worth $1,098,190,000 after buying an additional 11,092,282 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Amphenol by 639.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock worth $574,500,000 after buying an additional 7,573,750 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Amphenol in the first quarter worth about $476,842,000. Wellington Management Group LLP lifted its position in shares of Amphenol by 73.5% in the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock worth $798,163,000 after buying an additional 5,154,860 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Amphenol by 1.9% in the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock worth $10,166,370,000 after buying an additional 2,870,933 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Industrial Alliance Securities set a $115.00 target price on Amphenol in a research report on Friday, July 11th. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and upped their price objective for the company from $120.00 to $150.00 in a research report on Wednesday, October 15th. Evercore ISI upped their price objective on Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Citigroup upped their price objective on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group set a $154.00 price objective on Amphenol and gave the company a “buy” rating in a research report on Thursday, October 23rd. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.77.

Insider Buying and Selling

In related news, VP Lance E. D’amico sold 100,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was 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 owned 76,400 shares in the company, valued at $8,449,840. This trade represents a 56.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Craig A. Lampo sold 199,848 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.43, for a total value of $22,069,214.64. Following the completion of the transaction, the chief financial officer owned 125,695 shares of the company’s stock, valued at $13,880,498.85. This trade represents a 61.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,031,042 shares of company stock worth $122,532,496 over the last three months. Corporate insiders own 1.67% of the company’s stock.

Amphenol Trading Up 1.7%

Shares of NYSE APH opened at $139.68 on Thursday. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $141.72. The business’s 50 day moving average price is $121.05 and its 200-day moving average price is $102.48. 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 cap of $170.98 billion, a price-to-earnings ratio of 46.56, a PEG ratio of 1.55 and a beta of 1.17.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the previous year, the business earned $0.50 EPS. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis. 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 expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be paid a $0.25 dividend. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is 22.00%.

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.