Spinnaker Trust Takes Position in Amphenol Corporation $APH

Spinnaker Trust purchased a new stake in Amphenol Corporation (NYSE:APH) during the second quarter, according to its most recent filing with the SEC. The firm purchased 2,398 shares of the electronics maker’s stock, valued at approximately $237,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Amphenol by 1.9% during the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock valued at $10,166,370,000 after acquiring an additional 2,870,933 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Amphenol by 196.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock valued at $1,098,190,000 after acquiring an additional 11,092,282 shares during the last quarter. Wellington Management Group LLP lifted its position in Amphenol by 73.5% during the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock valued at $798,163,000 after acquiring an additional 5,154,860 shares during the last quarter. Invesco Ltd. lifted its position in Amphenol by 1.6% during the first quarter. Invesco Ltd. now owns 9,198,997 shares of the electronics maker’s stock valued at $603,362,000 after acquiring an additional 141,069 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Amphenol by 639.0% during 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 valued at $574,500,000 after acquiring an additional 7,573,750 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider William J. Doherty sold 113,000 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $22,069,214.64. Following the transaction, the chief financial officer directly owned 125,695 shares of the company’s stock, valued at approximately $13,880,498.85. This trade represents a 61.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,231,042 shares of company stock valued at $150,616,896 over the last quarter. Insiders own 1.67% of the company’s stock.

Amphenol Trading Down 0.4%

Shares of Amphenol stock opened at $139.16 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. The firm has a fifty day moving average price of $121.66 and a 200 day moving average price of $102.74. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $141.72. The stock has a market cap of $170.33 billion, a PE ratio of 46.39, a price-to-earnings-growth ratio of 1.58 and a beta of 1.17.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter last year, the company posted $0.50 earnings per share. The firm’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. Equities research analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Citigroup increased their target price on shares of Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. 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 target price for the company. Truist Financial increased their target price on shares of Amphenol from $126.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Evercore ISI raised their price target on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Finally, Wall Street Zen raised shares of Amphenol from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 25th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.77.

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.