Loomis Sayles & Co. L P Sells 393 Shares of Amphenol Corporation $APH

Loomis Sayles & Co. L P trimmed its holdings in shares of Amphenol Corporation (NYSE:APH) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,462 shares of the electronics maker’s stock after selling 393 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Amphenol were worth $3,502,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of APH. Norges Bank bought a new stake in Amphenol during the 2nd quarter valued at $2,104,244,000. T. Rowe Price Investment Management Inc. boosted its position in Amphenol by 196.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock valued at $1,098,190,000 after purchasing an additional 11,092,282 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Amphenol by 639.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock valued at $574,500,000 after purchasing an additional 7,573,750 shares during the last quarter. Nuveen LLC bought a new position in Amphenol in the first quarter worth about $476,842,000. Finally, Wellington Management Group LLP lifted its position in shares of Amphenol by 73.5% during the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock valued at $798,163,000 after buying an additional 5,154,860 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 1.2%

NYSE APH opened at $139.18 on Tuesday. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $144.37. 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 has a market capitalization of $170.37 billion, a PE ratio of 46.39, a P/E/G ratio of 1.58 and a beta of 1.20. The company has a fifty day moving average of $131.73 and a 200 day moving average of $112.75.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The company’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. Research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

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

Insider Activity

In related news, CFO Craig A. Lampo sold 258,000 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $143.20, for a total value 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. The trade was a 60.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Lance E. D’amico sold 120,000 shares of the stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the sale, the vice president directly owned 76,400 shares in the company, valued at $10,696,764. This trade represents a 61.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 983,194 shares of company stock worth $136,884,445. 1.67% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on APH shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Barclays lifted their price target on shares of Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Evercore ISI increased their price objective on Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. raised their price objective on Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Finally, Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and upped their target price for the company from $120.00 to $150.00 in a research report on Wednesday, October 15th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Amphenol presently has an average rating of “Moderate Buy” and an average target price of $131.54.

Amphenol 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.