Catalyst Funds Management Pty Ltd Invests $7.72 Million in Amphenol Corporation $APH

Catalyst Funds Management Pty Ltd acquired a new stake in shares of Amphenol Corporation (NYSE:APH) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 78,190 shares of the electronics maker’s stock, valued at approximately $7,721,000. Amphenol makes up 2.1% of Catalyst Funds Management Pty Ltd’s investment portfolio, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APH. T. Rowe Price Investment Management Inc. boosted its stake in Amphenol by 196.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock valued at $1,098,190,000 after purchasing an additional 11,092,282 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Amphenol by 639.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock valued at $574,500,000 after buying an additional 7,573,750 shares during the period. Nuveen LLC bought a new position in Amphenol during the first quarter valued at about $476,842,000. Wellington Management Group LLP grew its holdings in Amphenol by 73.5% during the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock worth $798,163,000 after acquiring an additional 5,154,860 shares during the period. Finally, Vanguard Group Inc. raised its position in Amphenol by 1.9% in the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock worth $10,166,370,000 after acquiring an additional 2,870,933 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

Shares of NYSE:APH opened at $136.42 on Thursday. The company has a market cap of $166.99 billion, a P/E ratio of 45.47, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. The company’s fifty day moving average is $129.13 and its two-hundred day moving average is $109.50. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $144.37.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share 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 the consensus estimate of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.Amphenol’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. Equities analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.25 per share. This is an increase from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, December 16th. Amphenol’s dividend payout ratio is 33.33%.

Insider Activity

In other news, insider Luc Walter sold 365,118 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the transaction, the insider directly owned 433,742 shares in the company, valued at $58,403,360.30. The trade was a 45.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David M. Silverman sold 120,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the transaction, the vice president directly owned 12,500 shares in the company, valued at $1,764,625. This trade represents a 90.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,323,118 shares of company stock valued at $174,426,462 in the last three months. 1.67% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on APH. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. The Goldman Sachs Group set a $154.00 target price on shares of Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. UBS Group set a $152.00 price target on Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $120.00 to $150.00 in a research note on Wednesday, October 15th. Finally, Evercore ISI boosted their target price on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.54.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.