Welch & Forbes LLC Buys Shares of 2,746 Amphenol Corporation $APH

Welch & Forbes LLC bought a new stake in shares of Amphenol Corporation (NYSE:APH) in the 2nd quarter, Holdings Channel.com reports. The fund bought 2,746 shares of the electronics maker’s stock, valued at approximately $271,000.

Several other hedge funds have also recently added to or reduced their stakes in APH. Brighton Jones LLC increased its holdings in Amphenol by 114.0% during the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock valued at $1,224,000 after acquiring an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings 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 buying an additional 4,721 shares in the last quarter. Bison Wealth LLC grew its holdings 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 worth $559,000 after buying an additional 618 shares in the last quarter. Mutual Advisors LLC grew its holdings in shares of Amphenol by 146.6% during the first quarter. Mutual Advisors LLC now owns 7,212 shares of the electronics maker’s stock worth $473,000 after buying an additional 4,288 shares in the last quarter. Finally, World Investment Advisors grew its holdings in shares of Amphenol by 100.0% during the first quarter. World Investment Advisors now owns 6,720 shares of the electronics maker’s stock worth $441,000 after buying an additional 3,360 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APH has been the subject of a number of recent research reports. Barclays initiated coverage on shares of Amphenol in a report on Wednesday, October 8th. They set an “equal weight” rating and a $120.00 price target for the company. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Evercore ISI lifted their price target on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Citigroup lifted their price target on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Finally, The Goldman Sachs Group set a $154.00 price target on shares of Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and an average price target of $129.77.

Amphenol Price Performance

APH opened at $141.70 on Tuesday. The company’s 50 day simple moving average is $122.90 and its 200 day simple moving average is $104.33. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $142.50. The stock has a market capitalization of $173.45 billion, a PE ratio of 47.23, a P/E/G ratio of 1.58 and a beta of 1.17.

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

Amphenol Increases Dividend

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

Insider Activity

In other Amphenol news, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the transaction, the vice president directly owned 76,400 shares of the company’s stock, valued at $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Craig A. Lampo sold 199,848 shares of Amphenol stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.43, for a total transaction of $22,069,214.64. Following the transaction, the chief financial officer directly owned 125,695 shares in the company, valued at approximately $13,880,498.85. This trade represents a 61.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,351,042 shares of company stock valued at $167,557,296 over the last quarter. 1.67% of the stock is owned by insiders.

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.