Amphenol Corporation $APH Shares Sold by Watchman Group Inc.

Watchman Group Inc. decreased its stake in shares of Amphenol Corporation (NYSE:APH) by 3.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,997 shares of the electronics maker’s stock after selling 2,027 shares during the quarter. Amphenol comprises 1.6% of Watchman Group Inc.’s holdings, making the stock its 16th largest position. Watchman Group Inc.’s holdings in Amphenol were worth $6,023,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in APH. Opal Wealth Advisors LLC acquired a new position in shares of Amphenol during the 2nd quarter valued at about $25,000. Avalon Trust Co raised its stake in Amphenol by 133.3% during the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 232 shares during the period. N.E.W. Advisory Services LLC purchased a new position in Amphenol during the first quarter worth about $28,000. Saudi Central Bank acquired a new position in Amphenol in the 1st quarter valued at about $31,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Amphenol in the 1st quarter valued at approximately $33,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amphenol

In other news, insider Luc Walter sold 365,118 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $134.65, for a total value of $49,163,138.70. Following the completion of the sale, the insider directly owned 433,742 shares of the company’s stock, valued at approximately $58,403,360.30. This represents a 45.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Lance E. D’amico sold 120,000 shares of the firm’s 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 transaction, 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. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,123,270 shares of company stock valued at $152,357,247 over the last 90 days. 1.67% of the stock is owned by insiders.

Analyst Ratings Changes

APH has been the subject of several analyst reports. Evercore ISI increased their price objective on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. The Goldman Sachs Group set a $154.00 price objective on Amphenol and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Truist Financial boosted their price objective 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, Barclays increased their target price on shares of Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 13th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.54.

Amphenol Price Performance

APH stock opened at $130.50 on Friday. The business’s 50-day moving average is $129.35 and its two-hundred day moving average is $109.65. 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 firm has a market capitalization of $159.73 billion, a P/E ratio of 43.50, a P/E/G ratio of 1.58 and a beta of 1.20. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $144.37.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, beating 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 business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same period last year, the business earned $0.50 EPS. The company’s 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. Analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. This is a boost from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s dividend payout ratio (DPR) is 33.33%.

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.