First Merchants Corp Sells 18,376 Shares of Amphenol Corporation $APH

First Merchants Corp decreased its holdings in Amphenol Corporation (NYSE:APH) by 8.8% in the first quarter, HoldingsChannel.com reports. The fund owned 190,281 shares of the electronics maker’s stock after selling 18,376 shares during the period. Amphenol comprises about 0.9% of First Merchants Corp’s portfolio, making the stock its 26th largest holding. First Merchants Corp’s holdings in Amphenol were worth $24,042,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC increased its position in shares of Amphenol by 163.8% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 182 shares of the electronics maker’s stock valued at $25,000 after buying an additional 113 shares during the period. Riggs Asset Managment Co. Inc. lifted its holdings in Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after buying an additional 168 shares during the period. Tucker Asset Management LLC bought a new stake in Amphenol during the 4th quarter valued at approximately $26,000. Board of the Pension Protection Fund purchased a new position in shares of Amphenol during the 4th quarter worth approximately $27,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Amphenol in the 4th quarter worth approximately $29,000. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Richard Adam Norwitt sold 17,500 shares of Amphenol 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 directly owned 1,927,507 shares in the company, valued at approximately $276,038,277.47. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 130,775 shares of company stock valued at $18,709,350. 1.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on APH. UBS Group reiterated a “buy” rating and issued a $178.00 price objective (up from $170.00) on shares of Amphenol in a report on Thursday, April 30th. Evercore restated an “outperform” rating on shares of Amphenol in a report on Wednesday, May 27th. Wall Street Zen lowered shares of Amphenol from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. BNP Paribas Exane lifted their price target on shares of Amphenol from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, Zacks Research lowered shares of Amphenol from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $178.07.

Amphenol Price Performance

Shares of APH opened at $164.23 on Monday. Amphenol Corporation has a twelve month low of $92.98 and a twelve month high of $167.04. The company has a market capitalization of $202.05 billion, a P/E ratio of 47.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.27. The firm has a 50 day moving average of $142.92 and a 200 day moving average of $140.37. The company has a quick ratio of 1.26, a current ratio of 1.71 and a debt-to-equity ratio of 1.18.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.11. The business had revenue of $7.62 billion for 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 firm’s quarterly revenue was up 58.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 EPS. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. As a group, equities research analysts anticipate that Amphenol Corporation will post 4.76 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Amphenol’s dividend payout ratio (DPR) is 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.