Amalgamated Bank Increases Stock Holdings in Amphenol Corporation $APH

Amalgamated Bank boosted its position in shares of Amphenol Corporation (NYSE:APH) by 6.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 270,617 shares of the electronics maker’s stock after acquiring an additional 17,198 shares during the quarter. Amalgamated Bank’s holdings in Amphenol were worth $26,723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of APH. Brighton Jones LLC boosted 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 during the period. Revolve Wealth Partners LLC boosted its stake in shares of Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after buying an additional 4,721 shares during the period. Bison Wealth LLC boosted its stake in shares of Amphenol by 8.3% in the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock valued at $559,000 after buying an additional 618 shares during the period. Alta Advisers Ltd boosted its stake in shares of Amphenol by 50.5% in the 1st quarter. Alta Advisers Ltd now owns 5,960 shares of the electronics maker’s stock valued at $391,000 after buying an additional 2,000 shares during the period. Finally, DAVENPORT & Co LLC boosted its stake in shares of Amphenol by 29.7% in the 1st quarter. DAVENPORT & Co LLC now owns 59,885 shares of the electronics maker’s stock valued at $3,957,000 after buying an additional 13,730 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on APH. Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. UBS Group set a $152.00 price target on Amphenol and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Barclays began coverage on Amphenol in a research report on Wednesday, October 8th. They set an “equal weight” rating and a $120.00 price target on the stock. Robert W. Baird set a $139.00 target price on Amphenol and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, The Goldman Sachs Group set a $154.00 target price on Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.77.

Amphenol Stock Up 1.7%

Shares of NYSE:APH opened at $139.68 on Thursday. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $141.72. The stock’s fifty day simple moving average is $121.05 and its 200-day simple moving average is $102.48. The company has a market capitalization of $170.98 billion, a P/E ratio of 46.56, a P/E/G ratio of 1.55 and a beta of 1.17.

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 for the quarter, compared to the consensus estimate of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The business’s revenue was up 53.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 earnings per share. 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 research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The firm 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. The ex-dividend date is Tuesday, December 16th. This is an increase from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a yield of 0.7%. Amphenol’s payout ratio is currently 22.00%.

Insider Transactions at Amphenol

In related news, VP David M. Silverman sold 100,000 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $110.42, for a total value of $11,042,000.00. Following the completion of the transaction, the vice president directly owned 12,500 shares in the company, valued at approximately $1,380,250. This represents a 88.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $110.60, for a total value of $11,060,000.00. Following the sale, the vice president owned 76,400 shares of the company’s stock, valued at $8,449,840. This represents a 56.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,031,042 shares of company stock valued at $122,532,496. Corporate insiders own 1.67% of the company’s stock.

About Amphenol

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.