Maren Capital LLC Increases Stock Holdings in Amphenol Corporation $APH

Maren Capital LLC lifted its holdings in Amphenol Corporation (NYSE:APH) by 3.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,689,959 shares of the electronics maker’s stock after purchasing an additional 50,096 shares during the quarter. Amphenol makes up 10.1% of Maren Capital LLC’s portfolio, making the stock its largest holding. Maren Capital LLC’s holdings in Amphenol were worth $166,883,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of APH. Vanguard Group Inc. increased its stake in Amphenol by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock valued at $10,166,370,000 after buying an additional 2,870,933 shares during the period. Geode Capital Management LLC raised its holdings in Amphenol by 8.4% during the second quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock worth $2,804,338,000 after purchasing an additional 2,217,079 shares in the last quarter. Norges Bank acquired a new stake in Amphenol in the second quarter worth approximately $2,104,244,000. T. Rowe Price Investment Management Inc. boosted its stake in Amphenol by 196.3% during the 1st 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. Finally, Franklin Resources Inc. increased its position in shares of Amphenol by 13.4% during the 2nd quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock valued at $1,239,017,000 after purchasing an additional 1,486,105 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on APH. Evercore ISI lifted their target price on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Robert W. Baird set a $139.00 target price on shares of Amphenol and gave the company an “outperform” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. Wall Street Zen lowered Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Finally, Barclays boosted their target price on Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.54.

Amphenol Price Performance

Shares of NYSE:APH opened at $141.64 on Wednesday. The company’s fifty day moving average is $132.05 and its two-hundred day moving average is $113.13. The company has a market cap of $173.38 billion, a P/E ratio of 47.21, a price-to-earnings-growth ratio of 1.09 and a beta of 1.19. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $144.37. 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 (NYSE:APH) last issued its quarterly earnings results 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. 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%.Amphenol’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. Equities analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. This is an increase from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s dividend payout ratio is presently 22.00%.

Insiders Place Their Bets

In other news, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total transaction of $11,283,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Luc Walter sold 365,118 shares of Amphenol stock in a transaction on Friday, October 24th. The shares were sold at an average price of $134.65, for a total transaction 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. The trade was a 45.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,063,194 shares of company stock valued at $148,244,445 in the last three months. Company 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.