Birch Hill Investment Advisors LLC Reduces Stock Holdings in Amphenol Corporation $APH

Birch Hill Investment Advisors LLC cut its stake in Amphenol Corporation (NYSE:APH) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 757,569 shares of the electronics maker’s stock after selling 17,783 shares during the quarter. Amphenol comprises about 4.0% of Birch Hill Investment Advisors LLC’s portfolio, making the stock its 4th biggest position. Birch Hill Investment Advisors LLC’s holdings in Amphenol were worth $93,749,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Grant Private Wealth Management Inc bought a new stake in shares of Amphenol in the 3rd quarter valued at about $515,000. Motive Wealth Advisors purchased a new stake in Amphenol during the second quarter valued at approximately $215,000. LeConte Wealth Management LLC acquired a new stake in Amphenol in the second quarter valued at approximately $399,000. IFP Advisors Inc grew its holdings in Amphenol by 43.1% in the second quarter. IFP Advisors Inc now owns 24,397 shares of the electronics maker’s stock worth $2,417,000 after purchasing an additional 7,347 shares during the last quarter. Finally, Advyzon Investment Management LLC increased its position in shares of Amphenol by 101.6% during the second quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock worth $598,000 after purchasing an additional 3,051 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on APH. Barclays raised their price objective on Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th. UBS Group set a $152.00 price target on Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Robert W. Baird set a $139.00 price objective on shares of Amphenol and gave the company an “outperform” rating in a report on Friday, October 10th. 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. Finally, Truist Financial boosted their target price on shares of 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 stock. Based on data from MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $134.08.

Amphenol Trading Down 1.8%

APH stock opened at $138.88 on Thursday. 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 company’s 50-day simple moving average is $137.04 and its 200-day simple moving average is $121.31. The firm has a market cap of $169.99 billion, a P/E ratio of 46.29, a PEG ratio of 0.92 and a beta of 1.21. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $144.37.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.14. The business had revenue of $6.19 billion for 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 company’s revenue was up 53.4% compared to the same quarter last year. During the same period last 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, equities analysts forecast that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The business also recently disclosed 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. The ex-dividend date was 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 yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is 33.33%.

Insider Buying and Selling

In other news, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total transaction of $11,283,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 258,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the completion of the transaction, the chief financial officer directly owned 167,695 shares of the company’s stock, valued at approximately $24,013,924. The trade was a 60.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,063,194 shares of company stock worth $148,244,445 over the last ninety days. 1.67% of the stock is currently owned by insiders.

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.