Allstate Corp Purchases 47,809 Shares of Amphenol Corporation $APH

Allstate Corp boosted its position in Amphenol Corporation (NYSE:APH) by 107.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 92,247 shares of the electronics maker’s stock after buying an additional 47,809 shares during the period. Allstate Corp’s holdings in Amphenol were worth $12,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in APH. Tucker Asset Management LLC acquired a new stake in Amphenol during the fourth quarter worth approximately $26,000. Board of the Pension Protection Fund acquired a new stake in Amphenol during the fourth quarter worth approximately $27,000. Lloyd Advisory Services LLC. acquired a new stake in Amphenol during the fourth quarter worth approximately $29,000. Towne Trust Company N.A bought a new stake in shares of Amphenol during the 4th quarter valued at $34,000. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of Amphenol during the 4th quarter valued at $34,000. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 17,500 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total value of $2,506,175.00. Following the completion of the sale, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at approximately $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 130,775 shares of company stock valued at $18,709,350 over the last ninety days. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on APH. Rothschild & Co Redburn upped their target price on Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird set a $177.00 target price on Amphenol in a research report on Thursday, April 30th. Zacks Research downgraded Amphenol from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Piper Sandler set a $165.00 target price on Amphenol in a research report on Tuesday, March 17th. Finally, BNP Paribas Exane upped their target price on Amphenol from $185.00 to $195.00 in a research report on Friday, May 1st. Thirteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.53.

Amphenol Trading Up 0.2%

Shares of APH stock opened at $132.31 on Tuesday. The stock has a market cap of $162.77 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 1.16 and a beta of 1.29. The stock has a 50-day moving average of $134.50 and a 200-day moving average of $138.58. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. Amphenol Corporation has a 1-year low of $83.44 and a 1-year high of $167.04.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.11. The company had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.08 billion. Amphenol had a return on equity of 37.44% and a net margin of 17.24%.The business’s quarterly revenue was up 58.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. On average, equities research analysts forecast that Amphenol Corporation will post 4.76 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Amphenol’s dividend payout ratio is presently 28.74%.

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.