Manitou Investment Management Ltd. Sells 5,773 Shares of Amphenol Corporation $APH

Manitou Investment Management Ltd. reduced its position in Amphenol Corporation (NYSE:APH) by 1.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 323,908 shares of the electronics maker’s stock after selling 5,773 shares during the quarter. Amphenol comprises about 7.0% of Manitou Investment Management Ltd.’s portfolio, making the stock its 6th largest holding. Manitou Investment Management Ltd.’s holdings in Amphenol were worth $40,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in APH. Financial Management Professionals Inc. increased its stake in Amphenol by 82.6% in the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 90 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in Amphenol by 19.2% during the second quarter. Bell Investment Advisors Inc now owns 591 shares of the electronics maker’s stock worth $58,000 after purchasing an additional 95 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of Amphenol by 9.4% in the 2nd quarter. CENTRAL TRUST Co now owns 1,146 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 98 shares in the last quarter. Tranquility Partners LLC increased its stake in shares of Amphenol by 0.8% in the 2nd quarter. Tranquility Partners LLC now owns 13,386 shares of the electronics maker’s stock valued at $1,322,000 after purchasing an additional 107 shares during the last quarter. Finally, Cox Capital Mgt LLC raised its holdings in shares of Amphenol by 0.3% during the 3rd quarter. Cox Capital Mgt LLC now owns 32,327 shares of the electronics maker’s stock worth $4,000,000 after buying an additional 110 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

NYSE:APH opened at $137.39 on Friday. The stock’s 50-day moving average is $136.25 and its 200-day moving average is $118.81. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $144.37. 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 stock has a market cap of $168.17 billion, a P/E ratio of 45.80, a price-to-earnings-growth ratio of 1.08 and a beta of 1.19.

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 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 during the quarter, compared to analyst estimates of $5.54 billion. During the same quarter last year, the business earned $0.50 EPS. The firm’s quarterly revenue was up 53.4% on a year-over-year basis. 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 anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The firm also recently disclosed 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. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 16th. Amphenol’s payout ratio is presently 33.33%.

Insiders Place Their Bets

In related news, VP Lance E. D’amico sold 120,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president directly owned 76,400 shares of the company’s stock, valued at $10,696,764. This trade represents a 61.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $142.00, for a total value of $11,360,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,063,194 shares of company stock valued at $148,244,445 over the last ninety days. 1.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

APH has been the topic of several research analyst reports. The Goldman Sachs Group set a $154.00 price objective on Amphenol and gave the company a “buy” rating in a research note on Thursday, October 23rd. Evercore ISI increased their target price on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Truist Financial raised their price target on shares of Amphenol from $147.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. Finally, Barclays increased their price objective 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $134.08.

About Amphenol

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.