Bank of Nova Scotia Sells 244,132 Shares of Amphenol Corporation $APH

Bank of Nova Scotia decreased its holdings in Amphenol Corporation (NYSE:APH) by 38.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 388,666 shares of the electronics maker’s stock after selling 244,132 shares during the period. Bank of Nova Scotia’s holdings in Amphenol were worth $38,380,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of APH. Brighton Jones LLC lifted its position in shares of 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 acquiring an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock valued at $701,000 after purchasing an additional 4,721 shares during the period. Bison Wealth LLC lifted its holdings in 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 purchasing an additional 618 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in Amphenol by 50.4% in the 1st quarter. Atria Wealth Solutions Inc. now owns 20,850 shares of the electronics maker’s stock worth $1,370,000 after purchasing an additional 6,991 shares during the period. Finally, Chicago Partners Investment Group LLC purchased a new position in Amphenol during the 1st quarter valued at about $182,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Trading Up 0.4%

NYSE APH opened at $139.92 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The stock’s 50-day simple moving average is $133.42 and its two-hundred day simple moving average is $114.64. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $144.37. The company has a market capitalization of $171.27 billion, a price-to-earnings ratio of 46.64, a PEG ratio of 1.10 and a beta of 1.19.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The company’s revenue was up 53.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 EPS. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. Research analysts forecast that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, December 16th. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s dividend payout ratio (DPR) is presently 22.00%.

Insider Buying and Selling

In related news, insider William J. Doherty sold 80,000 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total transaction of $11,360,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David M. Silverman sold 120,000 shares of Amphenol stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the transaction, the vice president owned 12,500 shares in the company, valued at approximately $1,764,625. The trade was a 90.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,063,194 shares of company stock worth $148,244,445 in the last ninety days. 1.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on APH shares. Robert W. Baird set a $139.00 price objective on shares of Amphenol and gave the company an “outperform” rating in a research report on Friday, October 10th. UBS Group set a $152.00 target price on shares of Amphenol and gave the stock a “buy” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. boosted their price target 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. Wall Street Zen downgraded Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, The Goldman Sachs Group set a $154.00 target price on Amphenol and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.54.

Amphenol Company Profile

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.