Motco Sells 14,125 Shares of Amphenol Corporation $APH

Motco trimmed its position in Amphenol Corporation (NYSE:APH) by 7.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,645 shares of the electronics maker’s stock after selling 14,125 shares during the quarter. Amphenol comprises approximately 2.0% of Motco’s holdings, making the stock its 7th largest position. Motco’s holdings in Amphenol were worth $22,355,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APH. Daymark Wealth Partners LLC boosted its holdings in Amphenol by 47.2% during the third quarter. Daymark Wealth Partners LLC now owns 4,268 shares of the electronics maker’s stock valued at $528,000 after acquiring an additional 1,369 shares during the period. GoalVest Advisory LLC bought a new stake in Amphenol during the 3rd quarter valued at approximately $56,000. Letson Investment Management Inc. bought a new position in Amphenol in the 3rd quarter worth approximately $239,000. Commonwealth Equity Services LLC lifted its holdings in shares of Amphenol by 10.0% during the third quarter. Commonwealth Equity Services LLC now owns 134,742 shares of the electronics maker’s stock worth $16,674,000 after buying an additional 12,277 shares during the last quarter. Finally, Earned Wealth Advisors LLC boosted its position in shares of Amphenol by 57.0% in the third quarter. Earned Wealth Advisors LLC now owns 5,072 shares of the electronics maker’s stock valued at $628,000 after acquiring an additional 1,842 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

APH has been the topic of a number of research reports. Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $120.00 to $150.00 in a research report on Wednesday, October 15th. Barclays raised their price target on shares of Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th. Wall Street Zen lowered shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Evercore ISI increased their target price on shares of Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, Truist Financial boosted their price target on Amphenol from $147.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $134.08.

Insider Buying and Selling

In other news, insider William J. Doherty sold 80,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total value of $11,360,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Lance E. D’amico sold 120,000 shares of the stock in a transaction dated 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 sale, the vice president 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 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 three months. Company insiders own 1.67% of the company’s stock.

Amphenol Stock Performance

NYSE:APH opened at $139.63 on Monday. The firm has a market capitalization of $170.91 billion, a PE ratio of 46.54, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $144.37. The firm has a 50-day moving average price of $136.90 and a 200 day moving average price of $120.52.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. The company 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% compared to the same quarter last year. During the same period in the prior year, the company posted $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 anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be paid 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 is Tuesday, December 16th. Amphenol’s dividend payout ratio is currently 33.33%.

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.