Sumitomo Mitsui Trust Group Inc. Buys 221,457 Shares of Amphenol Corporation $APH

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Amphenol Corporation (NYSE:APH) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,352,684 shares of the electronics maker’s stock after purchasing an additional 221,457 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.44% of Amphenol worth $662,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APH. Norges Bank bought a new position in Amphenol in the second quarter worth approximately $2,104,244,000. Holocene Advisors LP increased its stake in Amphenol by 201.2% in the 2nd quarter. Holocene Advisors LP now owns 3,867,434 shares of the electronics maker’s stock valued at $381,909,000 after buying an additional 2,583,628 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in Amphenol in the second quarter worth $225,757,000. Geode Capital Management LLC raised its holdings in shares of Amphenol by 8.4% in the 2nd quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock worth $2,804,338,000 after purchasing an additional 2,217,079 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in shares of Amphenol by 8,384.3% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,802,819 shares of the electronics maker’s stock worth $178,028,000 after acquiring an additional 1,781,570 shares during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Price Performance

Shares of NYSE APH opened at $140.10 on Monday. The stock has a market capitalization of $171.49 billion, a P/E ratio of 46.70, a P/E/G ratio of 0.91 and a beta of 1.21. 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 company’s 50-day moving average is $137.00 and its 200 day moving average is $122.08. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $144.37.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. Amphenol’s revenue was up 53.4% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its 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 company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th were paid a $0.25 dividend. This is an increase from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on APH shares. Truist Financial increased their price target on shares of Amphenol from $147.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Fox Advisors restated an “outperform” rating on shares of Amphenol in a report on Friday. The Goldman Sachs Group set a $154.00 target price on shares of Amphenol 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. Finally, Evercore ISI lifted their price objective on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.23.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total transaction of $11,283,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Craig A. Lampo sold 258,000 shares of the company’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 transaction, the chief financial officer owned 167,695 shares of the company’s stock, valued at approximately $24,013,924. This represents a 60.61% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,063,194 shares of company stock valued at $148,244,445. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.