Fiera Capital Corp lifted its position in Amphenol Corporation (NYSE:APH – Free Report) by 4.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,026,020 shares of the electronics maker’s stock after buying an additional 45,256 shares during the quarter. Fiera Capital Corp’s holdings in Amphenol were worth $101,319,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Motive Wealth Advisors acquired a new stake in shares of Amphenol during the second quarter worth approximately $215,000. LeConte Wealth Management LLC purchased a new stake in Amphenol in the 2nd quarter worth approximately $399,000. Advyzon Investment Management LLC boosted its stake in shares of Amphenol by 101.6% during the 2nd quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock valued at $598,000 after buying an additional 3,051 shares during the period. New York Life Investment Management LLC grew its holdings in shares of Amphenol by 1.6% during the 2nd quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock valued at $16,242,000 after acquiring an additional 2,535 shares in the last quarter. Finally, City Center Advisors LLC acquired a new position in shares of Amphenol in the second quarter worth $482,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Insider Buying and Selling
In related news, insider William J. Doherty sold 80,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total transaction of $11,283,200.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Craig A. Lampo sold 199,848 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.43, for a total transaction of $22,069,214.64. Following the transaction, the chief financial officer owned 125,695 shares of the company’s stock, valued at approximately $13,880,498.85. The trade was a 61.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,125,042 shares of company stock worth $142,789,956. 1.67% of the stock is currently owned by company insiders.
Amphenol Price Performance
Amphenol (NYSE:APH – Get Free Report) last announced its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 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 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% 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be issued a $0.25 dividend. This is an increase 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 33.33%.
Analyst Ratings Changes
APH has been the subject of a number of research reports. Truist Financial lifted their price objective on Amphenol from $126.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. UBS Group set a $152.00 price target on Amphenol and gave the company a “buy” rating in a research note on Thursday, October 23rd. Barclays started 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. Robert W. Baird set a $139.00 target price on shares of Amphenol and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Wall Street Zen downgraded shares of Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $129.77.
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.
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