Country Trust Bank Lowers Stake in Amphenol Corporation $APH

Country Trust Bank cut its holdings in Amphenol Corporation (NYSE:APH) by 16.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 675,628 shares of the electronics maker’s stock after selling 133,220 shares during the quarter. Amphenol comprises approximately 1.8% of Country Trust Bank’s portfolio, making the stock its 13th largest holding. Country Trust Bank owned about 0.06% of Amphenol worth $83,609,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in Amphenol during the 2nd quarter valued at approximately $25,000. Financial Management Professionals Inc. increased 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 during the period. Riggs Asset Managment Co. Inc. raised its stake in shares of Amphenol by 200.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 168 shares during the last quarter. Howard Hughes Medical Institute acquired a new stake in shares of Amphenol during the second quarter worth $26,000. Finally, Alpine Bank Wealth Management purchased a new position in Amphenol in the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol

In related news, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 258,000 shares of the company’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 value of $36,945,600.00. Following the completion of the sale, the chief financial officer directly owned 167,695 shares in the company, valued at approximately $24,013,924. The trade was a 60.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,063,194 shares of company stock worth $148,244,445. 1.67% of the stock is currently owned by insiders.

Analysts Set New Price Targets

APH has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Robert W. Baird set a $139.00 price target on shares of Amphenol and gave the stock an “outperform” rating in a report on Friday, October 10th. Fox Advisors reaffirmed an “outperform” rating on shares of Amphenol in a report on Friday, January 9th. Barclays upgraded Amphenol from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $143.00 to $156.00 in a research report on Monday. Finally, US Capital Advisors set a $165.00 price target on Amphenol in a research note on Friday, January 9th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.46.

Amphenol Stock Up 5.1%

APH opened at $154.21 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. The company has a market cap of $188.76 billion, a price-to-earnings ratio of 51.40, a PEG ratio of 0.94 and a beta of 1.21. Amphenol Corporation has a one year low of $56.45 and a one year high of $156.28. The business’s fifty day moving average is $137.79 and its two-hundred day moving average is $123.16.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The business’s revenue was up 53.4% on a year-over-year basis. During the same quarter in the previous 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. Analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th were given a $0.25 dividend. This is a boost from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, December 16th. Amphenol’s dividend payout ratio (DPR) 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.