Amphenol Corporation $APH Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. reduced its holdings in Amphenol Corporation (NYSE:APH) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,482 shares of the electronics maker’s stock after selling 1,822 shares during the period. Sumitomo Life Insurance Co.’s holdings in Amphenol were worth $4,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Motive Wealth Advisors acquired a new position in Amphenol during the second quarter worth about $215,000. LeConte Wealth Management LLC acquired a new position in Amphenol during the second quarter worth about $399,000. City Center Advisors LLC purchased a new position in Amphenol during the second quarter worth about $482,000. New York Life Investment Management LLC grew its stake in shares of Amphenol by 1.6% in the 2nd quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock valued at $16,242,000 after buying an additional 2,535 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Amphenol by 25.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 27,711 shares of the electronics maker’s stock valued at $2,736,000 after buying an additional 5,630 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group set a $152.00 price target on shares of Amphenol and gave the company a “buy” rating in a research note on Thursday, October 23rd. Evercore ISI increased their price target on shares of Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. The Goldman Sachs Group set a $154.00 price target on shares of Amphenol and gave the company a “buy” rating in a research note on Thursday, October 23rd. Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating and increased their price target for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Finally, Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a research note on Friday, July 11th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $129.77.

Insider Activity at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 40,076 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $110.56, for a total transaction of $4,430,802.56. Following the sale, the chief financial officer directly owned 39,884 shares in the company, valued at $4,409,575.04. This represents a 50.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Lance E. D’amico sold 120,000 shares of the stock in a transaction that occurred 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 owned 76,400 shares in the company, valued at approximately $10,696,764. This trade represents a 61.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,231,042 shares of company stock worth $150,616,896 over the last 90 days. 1.67% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

Shares of APH stock opened at $139.54 on Friday. The firm’s 50 day moving average price is $122.26 and its 200-day moving average price is $103.52. 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 one year low of $56.45 and a one year high of $141.72. The firm has a market cap of $170.80 billion, a P/E ratio of 46.51, a P/E/G ratio of 1.58 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 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 firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same period in the prior year, the business posted $0.50 EPS. The business’s revenue for the quarter was up 53.4% compared to the same quarter last year. 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 predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.25 per share. This is a boost 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 currently 33.33%.

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.