GRIMES & Co WEALTH MANAGEMENT LLC Raises Position in Amphenol Corporation $APH

GRIMES & Co WEALTH MANAGEMENT LLC grew its holdings in shares of Amphenol Corporation (NYSE:APH) by 265.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,454 shares of the electronics maker’s stock after purchasing an additional 6,141 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Amphenol were worth $1,046,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Financial Management Professionals Inc. grew its stake in shares of Amphenol by 82.6% during the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 90 shares during the period. Alpine Bank Wealth Management acquired a new position in Amphenol during the third quarter worth about $30,000. Opal Wealth Advisors LLC purchased a new position in Amphenol in the second quarter valued at about $25,000. Riggs Asset Managment Co. Inc. boosted its stake in shares of Amphenol by 200.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 168 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Amphenol during the 2nd quarter worth approximately $26,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Trading Up 2.6%

NYSE APH opened at $148.90 on Wednesday. The company has a market capitalization of $182.26 billion, a price-to-earnings ratio of 49.63, a price-to-earnings-growth 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 Corporation has a 12 month low of $56.45 and a 12 month high of $149.11. The company’s fifty day moving average price is $137.31 and its two-hundred day moving average price is $122.78.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. As a group, research analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

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

Insider Buying and Selling at Amphenol

In related news, CFO Craig A. Lampo sold 40,076 shares of the firm’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 in the company, valued at $5,723,354. This trade represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Luc Walter sold 365,118 shares of Amphenol stock in a transaction on Friday, October 24th. The stock was sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the completion of the transaction, the insider directly owned 433,742 shares of the company’s stock, valued at approximately $58,403,360.30. This represents a 45.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,063,194 shares of company stock worth $148,244,445. 1.67% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on APH. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Fox Advisors restated an “outperform” rating on shares of Amphenol in a research report on Friday. Truist Financial set a $182.00 price target on shares of Amphenol in a research report on Tuesday. Citigroup reaffirmed a “buy” rating and issued a $175.00 target price (up previously from $160.00) on shares of Amphenol in a research note on Monday. Finally, The Goldman Sachs Group set a $154.00 target price on Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.54.

Amphenol Company 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.