Midwest Trust Co Purchases Shares of 108,420 Amphenol Corporation $APH

Midwest Trust Co acquired a new stake in shares of Amphenol Corporation (NYSE:APH) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 108,420 shares of the electronics maker’s stock, valued at approximately $10,706,000.

Other large investors also recently made changes to their positions in the company. Tranquility Partners LLC boosted its holdings in Amphenol by 0.8% in the second quarter. Tranquility Partners LLC now owns 13,386 shares of the electronics maker’s stock worth $1,322,000 after acquiring an additional 107 shares in the last quarter. EWA LLC increased its holdings in shares of Amphenol by 2.3% during the second quarter. EWA LLC now owns 5,200 shares of the electronics maker’s stock valued at $514,000 after acquiring an additional 115 shares in the last quarter. Coign Capital Advisors LLC raised its position in shares of Amphenol by 1.1% during the second quarter. Coign Capital Advisors LLC now owns 10,561 shares of the electronics maker’s stock worth $1,043,000 after purchasing an additional 116 shares during the period. Mather Group LLC. lifted its holdings in shares of Amphenol by 0.5% in the 2nd quarter. Mather Group LLC. now owns 22,896 shares of the electronics maker’s stock worth $2,261,000 after purchasing an additional 118 shares in the last quarter. Finally, Independent Advisor Alliance grew its position in Amphenol by 1.7% in the 1st quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker’s stock valued at $471,000 after purchasing an additional 122 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Luc Walter sold 365,118 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the completion of the sale, the insider owned 433,742 shares in the company, valued at approximately $58,403,360.30. This trade represents a 45.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP David M. Silverman sold 120,000 shares of Amphenol stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the sale, the vice president directly owned 12,500 shares in the company, valued at approximately $1,764,625. This represents a 90.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,125,042 shares of company stock worth $142,789,956. 1.67% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citigroup upped their price objective on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Evercore ISI boosted their target price on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. The Goldman Sachs Group set a $154.00 target price on shares of Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and lifted their price target for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Finally, Truist Financial boosted their price objective on Amphenol from $126.00 to $147.00 and gave the stock a “buy” rating in a 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $129.77.

Amphenol Trading Up 0.7%

Shares of APH stock opened at $139.01 on Monday. 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 $170.16 billion, a price-to-earnings ratio of 46.34, a PEG ratio of 1.58 and a beta of 1.20. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $142.50. The company has a 50-day simple moving average of $125.12 and a two-hundred day simple moving average of $106.35.

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 analysts’ consensus estimates of $0.79 by $0.14. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The company’s revenue was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 EPS. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. Research analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, December 16th. 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. Amphenol’s payout ratio is 33.33%.

Amphenol Company 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.