Eastern Bank Purchases 44,752 Shares of Amphenol Corporation $APH

Eastern Bank increased its holdings in Amphenol Corporation (NYSE:APH) by 5,378.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,584 shares of the electronics maker’s stock after purchasing an additional 44,752 shares during the period. Eastern Bank’s holdings in Amphenol were worth $5,641,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of APH. Financial Management Professionals Inc. increased its holdings in shares of Amphenol by 82.6% in the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after buying an additional 90 shares during the last quarter. Allen Capital Group LLC increased its stake in Amphenol by 3.2% during the third quarter. Allen Capital Group LLC now owns 3,012 shares of the electronics maker’s stock worth $373,000 after acquiring an additional 92 shares during the last quarter. Bell Investment Advisors Inc raised its position in Amphenol by 19.2% during the second quarter. Bell Investment Advisors Inc now owns 591 shares of the electronics maker’s stock valued at $58,000 after purchasing an additional 95 shares during the period. CENTRAL TRUST Co lifted its stake in shares of Amphenol by 9.4% in the 2nd quarter. CENTRAL TRUST Co now owns 1,146 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 98 shares during the last quarter. Finally, Tranquility Partners LLC boosted its holdings in shares of Amphenol by 0.8% in the 2nd quarter. Tranquility Partners LLC now owns 13,386 shares of the electronics maker’s stock worth $1,322,000 after purchasing an additional 107 shares during the period. Institutional investors own 97.01% of the company’s stock.

Amphenol Trading Up 2.6%

APH stock opened at $148.90 on Wednesday. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $149.11. The firm’s 50-day moving average is $137.31 and its 200 day moving average is $122.78. The company has a market capitalization of $182.26 billion, a PE ratio of 49.63, a P/E/G ratio of 0.94 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 earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The business had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the prior year, the firm earned $0.50 EPS. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. 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, research analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.25 per share. This is a boost from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

Several research firms recently weighed in on APH. Truist Financial set a $182.00 price target on Amphenol in a report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Evercore ISI raised their target price on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Citigroup reiterated a “buy” rating and set a $175.00 price target (up from $160.00) on shares of Amphenol in a report on Monday. Finally, The Goldman Sachs Group set a $154.00 price objective on shares of Amphenol and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.54.

Insiders Place Their Bets

In other Amphenol news, insider Luc Walter sold 365,118 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the transaction, the insider directly owned 433,742 shares in the company, valued at $58,403,360.30. This represents a 45.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 80,000 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total transaction of $11,360,000.00. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,063,194 shares of company stock worth $148,244,445. 1.67% of the stock is owned by company 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.