Bank of Nova Scotia Lowers Position in Amphenol Corporation $APH

Bank of Nova Scotia decreased its holdings in shares of Amphenol Corporation (NYSE:APH) by 62.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 274,969 shares of the electronics maker’s stock after selling 453,945 shares during the period. Bank of Nova Scotia’s holdings in Amphenol were worth $34,742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gibbs Wealth Management grew its stake in Amphenol by 165.9% in the 1st quarter. Gibbs Wealth Management now owns 6,223 shares of the electronics maker’s stock worth $786,000 after buying an additional 3,883 shares in the last quarter. Alamar Capital Management LLC purchased a new stake in shares of Amphenol during the 1st quarter valued at $4,157,000. Ascension Capital Advisors Inc. purchased a new stake in shares of Amphenol during the 1st quarter valued at $272,000. Cetera Investment Advisers lifted its holdings in shares of Amphenol by 7.1% during the 1st quarter. Cetera Investment Advisers now owns 336,867 shares of the electronics maker’s stock worth $42,563,000 after acquiring an additional 22,281 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its position in Amphenol by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 101,344 shares of the electronics maker’s stock worth $12,805,000 after acquiring an additional 1,680 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In related news, CEO Richard Adam Norwitt sold 17,500 shares of the company’s stock in a transaction on 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 sale, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 130,775 shares of company stock worth $18,709,350 in the last 90 days. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Rothschild & Co Redburn raised their price target on Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. The Goldman Sachs Group increased their price objective on Amphenol from $184.00 to $201.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. BNP Paribas Exane raised their price objective on Amphenol from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Robert W. Baird set a $177.00 target price on Amphenol in a research report on Thursday, April 30th. Finally, TD Cowen reiterated a “hold” rating and set a $175.00 price target (up from $135.00) on shares of Amphenol in a research report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Amphenol has a consensus rating of “Buy” and an average price target of $186.00.

Amphenol Trading Down 3.1%

NYSE:APH opened at $152.59 on Friday. The company has a 50-day moving average price of $152.74 and a 200-day moving average price of $144.66. Amphenol Corporation has a 12 month low of $102.76 and a 12 month high of $178.52. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. The stock has a market cap of $187.72 billion, a price-to-earnings ratio of 43.85, a P/E/G ratio of 1.35 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly earnings results 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. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. The company had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $7.08 billion. During the same quarter in the previous year, the company earned $0.63 earnings per share. Amphenol’s quarterly revenue was up 58.4% on a year-over-year basis. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Equities analysts predict that Amphenol Corporation will post 4.87 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, June 23rd. Amphenol’s dividend payout ratio (DPR) is presently 28.74%.

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.