Community Trust & Investment Co. Has $27.37 Million Holdings in Amphenol Corporation $APH

Community Trust & Investment Co. lessened its position in Amphenol Corporation (NYSE:APH) by 15.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 221,141 shares of the electronics maker’s stock after selling 40,093 shares during the quarter. Amphenol makes up about 1.5% of Community Trust & Investment Co.’s holdings, making the stock its 14th biggest holding. Community Trust & Investment Co.’s holdings in Amphenol were worth $27,366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APH. Financial Management Professionals Inc. lifted its holdings in shares of 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 purchasing an additional 90 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in Amphenol in the 3rd quarter worth about $30,000. Opal Wealth Advisors LLC acquired a new stake in Amphenol during the 2nd quarter worth about $25,000. Riggs Asset Managment Co. Inc. grew its stake in Amphenol by 200.0% during the 2nd 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 in the last quarter. Finally, Howard Hughes Medical Institute acquired a new position in shares of Amphenol in the 2nd quarter valued at about $26,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

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 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. This trade represents a 61.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 40,076 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $143.50, for a total transaction of $5,750,906.00. Following the transaction, the chief financial officer directly owned 39,884 shares of the company’s stock, valued at approximately $5,723,354. This represents a 50.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,063,194 shares of company stock worth $148,244,445 in the last quarter. 1.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APH. The Goldman Sachs Group set a $154.00 price objective on shares of Amphenol and gave the company a “buy” rating in a research report on Thursday, October 23rd. Evercore ISI lifted 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. UBS Group set a $152.00 price objective on Amphenol and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Truist Financial upped their target price on Amphenol from $147.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.08.

Amphenol Price Performance

NYSE APH opened at $139.99 on Tuesday. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $144.37. The stock’s 50-day moving average is $136.98 and its two-hundred day moving average is $120.85. The firm has a market cap of $171.36 billion, a P/E ratio of 46.66, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the prior year, the firm posted $0.50 EPS. The firm’s revenue for the quarter 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. On average, analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, December 16th. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Amphenol’s dividend payout ratio is presently 33.33%.

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.