Manning & Napier Advisors LLC Sells 358,977 Shares of Amphenol Corporation $APH

Manning & Napier Advisors LLC lowered its stake in shares of Amphenol Corporation (NYSE:APH) by 36.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 631,373 shares of the electronics maker’s stock after selling 358,977 shares during the period. Manning & Napier Advisors LLC owned 0.05% of Amphenol worth $78,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in APH. Financial Management Professionals Inc. raised its holdings in Amphenol by 82.6% in the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 90 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in shares of Amphenol in the 3rd quarter worth approximately $30,000. Opal Wealth Advisors LLC bought a new position in shares of Amphenol during the 2nd quarter worth approximately $25,000. Riggs Asset Managment Co. Inc. lifted its position in Amphenol by 200.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 168 shares during the last quarter. Finally, Howard Hughes Medical Institute acquired a new stake in Amphenol in the second quarter valued at approximately $26,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Shares of NYSE APH opened at $148.90 on Wednesday. The stock has a market cap of $182.26 billion, a price-to-earnings ratio of 49.63, a PEG ratio of 0.94 and a beta of 1.21. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $149.11. The company has a 50 day simple moving average of $137.31 and a two-hundred day simple moving average of $122.78. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57.

Amphenol (NYSE:APH) last posted its earnings results 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. The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The firm’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period in the previous 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. As a group, analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th were given a dividend of $0.25 per share. This is an increase from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, December 16th. Amphenol’s dividend payout ratio (DPR) is 33.33%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on APH shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Evercore ISI upped their target price on Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. UBS Group set a $152.00 price target on Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Wall Street Zen lowered Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.54.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 80,000 shares of Amphenol 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Luc Walter sold 365,118 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the completion of the transaction, the insider owned 433,742 shares of the company’s stock, valued at approximately $58,403,360.30. This trade represents a 45.70% decrease in their position. 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 in the last three months. 1.67% of the stock is currently owned by company insiders.

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.