Russell Investments Group Ltd. Decreases Stake in Amphenol Corporation $APH

Russell Investments Group Ltd. trimmed its stake in shares of Amphenol Corporation (NYSE:APH) by 37.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,021,832 shares of the electronics maker’s stock after selling 601,433 shares during the period. Russell Investments Group Ltd.’s holdings in Amphenol were worth $100,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of APH. Brighton Jones LLC boosted its holdings in Amphenol by 114.0% in the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock worth $1,224,000 after buying an additional 9,390 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock worth $701,000 after buying an additional 4,721 shares in the last quarter. Bison Wealth LLC increased its stake in Amphenol by 8.3% during the fourth quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock worth $559,000 after acquiring an additional 618 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Amphenol by 12.2% during the 1st quarter. Cetera Investment Advisers now owns 204,059 shares of the electronics maker’s stock valued at $13,384,000 after purchasing an additional 22,121 shares during the last quarter. Finally, Assetmark Inc. increased its position in Amphenol by 10.0% during the first quarter. Assetmark Inc. now owns 32,219 shares of the electronics maker’s stock valued at $2,113,000 after acquiring an additional 2,936 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on APH shares. Truist Financial increased their target price on Amphenol from $126.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group set a $154.00 target price on Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.54.

Insider Activity

In other news, CFO Craig A. Lampo sold 258,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the completion of the transaction, the chief financial officer directly owned 167,695 shares in the company, valued at $24,013,924. This trade represents a 60.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction that occurred 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 SEC filing for this sale provides additional information. Insiders have sold a total of 983,194 shares of company stock worth $136,884,445 in the last three months. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Price Performance

Shares of NYSE APH opened at $138.76 on Thursday. Amphenol Corporation has a one year low of $56.45 and a one year 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 has a fifty day moving average of $130.76 and a 200 day moving average of $111.42. The firm has a market cap of $169.85 billion, a PE ratio of 46.25, a PEG ratio of 1.58 and a beta of 1.20.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the prior year, the company earned $0.50 EPS. 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. As a group, research analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a 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 payout ratio is 33.33%.

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.