Chesley Taft & Associates LLC Lowers Position in Amphenol Corporation $APH

Chesley Taft & Associates LLC reduced its stake in shares of Amphenol Corporation (NYSE:APH) by 3.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 190,935 shares of the electronics maker’s stock after selling 6,533 shares during the period. Amphenol makes up 1.0% of Chesley Taft & Associates LLC’s investment portfolio, making the stock its 27th biggest position. Chesley Taft & Associates LLC’s holdings in Amphenol were worth $23,628,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of APH. Bell Investment Advisors Inc increased its holdings in shares of Amphenol by 19.2% in the second quarter. Bell Investment Advisors Inc now owns 591 shares of the electronics maker’s stock worth $58,000 after buying an additional 95 shares during the period. CENTRAL TRUST Co lifted its stake in Amphenol by 9.4% in the second quarter. CENTRAL TRUST Co now owns 1,146 shares of the electronics maker’s stock worth $113,000 after acquiring an additional 98 shares during the period. Tranquility Partners LLC boosted its stake in shares of Amphenol by 0.8% during 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 in the last quarter. EWA LLC boosted its position in Amphenol by 2.3% during the 2nd quarter. EWA LLC now owns 5,200 shares of the electronics maker’s stock valued at $514,000 after acquiring an additional 115 shares in the last quarter. Finally, Coign Capital Advisors LLC grew its stake in Amphenol by 1.1% in the second quarter. Coign Capital Advisors LLC now owns 10,561 shares of the electronics maker’s stock worth $1,043,000 after purchasing an additional 116 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APH. Truist Financial raised their price objective on Amphenol from $126.00 to $147.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Barclays upped their price target on Amphenol from $120.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th. JPMorgan Chase & Co. lifted their price objective on Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.54.

Insider Buying and Selling

In other news, insider Luc Walter sold 365,118 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $134.65, for a total value of $49,163,138.70. Following the transaction, the insider owned 433,742 shares of the company’s stock, valued at $58,403,360.30. This trade represents a 45.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total value of $16,801,200.00. Following the transaction, the vice president directly owned 76,400 shares in the company, valued at approximately $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,063,194 shares of company stock worth $148,244,445 in the last quarter. Company insiders own 1.67% of the company’s stock.

Amphenol Trading Down 2.1%

Shares of NYSE:APH opened at $126.40 on Thursday. The stock’s 50-day simple moving average is $134.68 and its two-hundred day simple moving average is $116.67. The stock has a market capitalization of $154.72 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 1.01 and a beta of 1.19. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $144.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The business’s quarterly revenue was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. Analysts expect that Amphenol Corporation will post 2.36 EPS for the current 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 16th. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s payout ratio is presently 33.33%.

Amphenol 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.