Flputnam Investment Management Co. Has $15.94 Million Holdings in Amphenol Corporation $APH

Flputnam Investment Management Co. trimmed its stake in shares of Amphenol Corporation (NYSE:APH) by 19.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 128,818 shares of the electronics maker’s stock after selling 31,360 shares during the period. Flputnam Investment Management Co.’s holdings in Amphenol were worth $15,941,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Grant Private Wealth Management Inc bought a new position in shares of Amphenol in the 3rd quarter valued at about $515,000. Motive Wealth Advisors bought a new stake in Amphenol during the second quarter worth about $215,000. LeConte Wealth Management LLC bought a new position in Amphenol in the second quarter valued at approximately $399,000. Advyzon Investment Management LLC increased its position 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 worth $598,000 after purchasing an additional 3,051 shares during the last quarter. Finally, New York Life Investment Management LLC raised its stake 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 worth $16,242,000 after purchasing an additional 2,535 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insiders Place Their Bets

In other Amphenol news, VP David M. Silverman sold 120,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total value of $16,940,400.00. Following the transaction, the vice president directly owned 12,500 shares of the company’s stock, valued at $1,764,625. This represents a 90.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William J. Doherty sold 80,000 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $142.00, for a total value of $11,360,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 1,063,194 shares of company stock worth $148,244,445 over the last three months. 1.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

APH has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Evercore ISI lifted their price objective on shares of Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Wall Street Zen lowered shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Truist Financial raised their target price on shares of Amphenol from $147.00 to $180.00 and gave the company a “buy” rating in a research note on Friday. Finally, Citigroup boosted their price target on Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.08.

Amphenol Stock Performance

NYSE APH opened at $135.54 on Friday. The stock has a market cap of $165.91 billion, a PE ratio of 45.18, a P/E/G ratio of 1.06 and a beta of 1.19. 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 50-day moving average of $135.03 and a 200-day moving average of $117.25. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $144.37.

Amphenol (NYSE:APH) last announced 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 business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. Amphenol’s quarterly revenue was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 16th. This is an increase from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s payout ratio is 33.33%.

About Amphenol

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.