Manchester Capital Management LLC Sells 5,247 Shares of Amphenol Corporation $APH

Manchester Capital Management LLC cut its holdings in shares of Amphenol Corporation (NYSE:APH) by 13.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,812 shares of the electronics maker’s stock after selling 5,247 shares during the period. Manchester Capital Management LLC’s holdings in Amphenol were worth $3,339,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Opal Wealth Advisors LLC bought a new stake in shares of Amphenol during the second quarter worth $25,000. Hilltop National Bank bought a new position in shares of Amphenol in the second quarter worth about $35,000. Avalon Trust Co grew 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 during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Amphenol in the first quarter valued at approximately $28,000. Finally, Saudi Central Bank bought a new position in Amphenol in the 1st quarter worth approximately $31,000. Institutional investors own 97.01% of the company’s stock.

Insider Activity at Amphenol

In other news, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total value of $16,801,200.00. Following the sale, the vice president directly owned 76,400 shares in the company, valued at $10,696,764. This trade represents a 61.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Luc Walter sold 365,118 shares of Amphenol stock in a transaction on 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 $58,403,360.30. The trade was a 45.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 983,194 shares of company stock worth $136,884,445. 1.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group set a $152.00 price objective on Amphenol and gave the company a “buy” rating in a research report on Thursday, October 23rd. Citigroup lifted their price objective on Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Robert W. Baird set a $139.00 price objective on shares of Amphenol and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, Truist Financial upped 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. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $131.54.

Amphenol Stock Performance

Shares of APH opened at $138.04 on Tuesday. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $144.37. 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 firm’s 50 day moving average price is $129.98 and its two-hundred day moving average price is $110.83. The firm has a market cap of $168.97 billion, a P/E ratio of 46.01, a PEG ratio of 1.58 and a beta of 1.20.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The company’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. On average, analysts forecast that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.25 per share. 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 currently 33.33%.

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.