Harfst & Associates Inc. Purchases 7,242 Shares of Amphenol Corporation $APH

Harfst & Associates Inc. grew its position in Amphenol Corporation (NYSE:APH) by 46.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 22,976 shares of the electronics maker’s stock after purchasing an additional 7,242 shares during the period. Harfst & Associates Inc.’s holdings in Amphenol were worth $2,269,000 at the end of the most recent quarter.

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

Insider Buying and Selling at Amphenol

In other news, VP David M. Silverman sold 120,000 shares of the stock in a transaction dated 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 approximately $1,764,625. This represents a 90.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 120,000 shares of the company’s 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 completion of the sale, the vice president owned 76,400 shares in the company, valued at approximately $10,696,764. This represents a 61.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 983,194 shares of company stock worth $136,884,445. 1.67% of the stock is owned by corporate insiders.

Amphenol Price Performance

Shares of APH stock opened at $138.76 on Thursday. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week 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 market capitalization of $169.85 billion, a price-to-earnings ratio of 46.25, a PEG ratio of 1.58 and a beta of 1.20. The stock’s 50-day simple moving average is $130.76 and its 200-day simple moving average is $111.42.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same period last year, the business earned $0.50 EPS. Amphenol’s revenue for the quarter was up 53.4% on a year-over-year basis. 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, equities analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be paid a $0.25 dividend. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Weiss Ratings reaffirmed 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 stock an “outperform” rating in a research note on Friday, October 10th. Truist Financial boosted their price target on shares of Amphenol from $126.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, UBS Group set a $152.00 target price on Amphenol and gave the company a “buy” rating in a research report on Thursday, October 23rd. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $131.54.

Amphenol Company 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.