Flputnam Investment Management Co. Sells 31,360 Shares of Amphenol Corporation $APH

Flputnam Investment Management Co. cut its stake in Amphenol Corporation (NYSE:APH) by 19.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 128,818 shares of the electronics maker’s stock after selling 31,360 shares during the quarter. Flputnam Investment Management Co.’s holdings in Amphenol were worth $15,941,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock worth $1,224,000 after purchasing an additional 9,390 shares during the period. Revolve Wealth Partners LLC raised its position 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 in the last quarter. Bison Wealth LLC lifted its holdings in shares of Amphenol by 8.3% during the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock worth $559,000 after acquiring an additional 618 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Amphenol by 2.0% during the 1st quarter. Ameriprise Financial Inc. now owns 2,273,406 shares of the electronics maker’s stock worth $144,055,000 after acquiring an additional 44,578 shares in the last quarter. Finally, Compound Planning Inc. increased its stake in Amphenol by 12.2% in the first quarter. Compound Planning Inc. now owns 13,773 shares of the electronics maker’s stock valued at $903,000 after acquiring an additional 1,493 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APH has been the subject of several recent analyst reports. Truist Financial upped their target price on Amphenol from $147.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research 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. JPMorgan Chase & Co. boosted their target price on Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Finally, Barclays raised their price target on shares of Amphenol from $120.00 to $143.00 and gave the company an “equal weight” rating in a research note on Thursday, November 13th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.08.

Amphenol Stock Performance

Shares of APH stock opened at $135.54 on Friday. The firm has a market capitalization of $165.91 billion, a price-to-earnings ratio of 45.18, a PEG ratio of 1.06 and a beta of 1.19. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. The business’s 50-day moving average price is $135.03 and its 200-day moving average price is $117.25. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $144.37.

Amphenol (NYSE:APH) last released 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 company had revenue of $6.19 billion during 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 firm’s revenue was up 53.4% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 research analysts forecast 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. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend 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 dividend yield of 0.7%. Amphenol’s payout ratio is 33.33%.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 80,000 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $141.04, for a total value of $11,283,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David M. Silverman sold 120,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total value of $16,940,400.00. Following the transaction, the vice president directly owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This represents a 90.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,063,194 shares of company stock valued at $148,244,445 in the last quarter. Insiders own 1.67% of the company’s stock.

Amphenol Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.