Confluence Investment Management LLC Sells 66,624 Shares of Amphenol Corporation $APH

Confluence Investment Management LLC cut its stake in shares of Amphenol Corporation (NYSE:APH) by 35.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 118,987 shares of the electronics maker’s stock after selling 66,624 shares during the period. Confluence Investment Management LLC’s holdings in Amphenol were worth $20,980,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Vermillion & White Wealth Management Group LLC raised its stake in shares of Amphenol by 163.8% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 182 shares of the electronics maker’s stock worth $25,000 after buying an additional 113 shares during the period. Tucker Asset Management LLC bought a new position in shares of Amphenol during the 4th quarter valued at approximately $26,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Amphenol by 85.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 91 shares in the last quarter. Lloyd Advisory Services LLC. purchased a new stake in Amphenol in the 4th quarter worth approximately $29,000. Finally, HHM Wealth Advisors LLC bought a new stake in Amphenol during the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Shares of Amphenol stock opened at $163.78 on Tuesday. The firm has a market cap of $201.49 billion, a PE ratio of 41.05, a PEG ratio of 1.30 and a beta of 1.24. The stock has a 50 day moving average of $156.24 and a 200 day moving average of $145.24. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 1.10. Amphenol Corporation has a 12 month low of $104.71 and a 12 month high of $178.52.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 29th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.16. The business had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.26 billion. Amphenol had a return on equity of 39.87% and a net margin of 17.73%.The company’s revenue was up 55.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. On average, research analysts expect that Amphenol Corporation will post 5.13 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, June 23rd. Amphenol’s payout ratio is currently 25.06%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on APH. Citigroup upped their price target on Amphenol from $195.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Barclays reiterated an “overweight” rating and set a $200.00 price objective (up from $198.00) on shares of Amphenol in a research report on Monday, July 13th. Seaport Research Partners restated a “buy” rating and set a $215.00 target price on shares of Amphenol in a research report on Thursday, April 30th. TD Cowen reaffirmed a “hold” rating and set a $175.00 target price (up from $135.00) on shares of Amphenol in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $200.00 to $215.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amphenol has an average rating of “Buy” and a consensus price target of $191.67.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 186,104 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $162.27, for a total transaction of $30,199,096.08. Following the sale, the chief executive officer owned 864,177 shares of the company’s stock, valued at $140,230,001.79. This represents a 17.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is currently owned by 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.