Baird Financial Group Inc. Buys 64,252 Shares of Amphenol Corporation $APH

Baird Financial Group Inc. increased its stake in Amphenol Corporation (NYSE:APH) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,052,532 shares of the electronics maker’s stock after buying an additional 64,252 shares during the quarter. Baird Financial Group Inc. owned about 0.09% of Amphenol worth $103,938,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Motive Wealth Advisors acquired a new position in shares of Amphenol in the second quarter valued at about $215,000. LeConte Wealth Management LLC purchased a new stake in Amphenol in the second quarter valued at approximately $399,000. Advyzon Investment Management LLC increased its holdings in Amphenol by 101.6% in the 2nd quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock worth $598,000 after buying an additional 3,051 shares during the period. New York Life Investment Management LLC raised its position in Amphenol by 1.6% during the 2nd quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock worth $16,242,000 after buying an additional 2,535 shares during the last quarter. Finally, City Center Advisors LLC acquired a new stake in Amphenol during the 2nd quarter valued at approximately $482,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 1.9%

Amphenol stock opened at $138.79 on Thursday. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $144.37. The stock has a market capitalization of $169.89 billion, a PE ratio of 46.26, a price-to-earnings-growth ratio of 1.09 and a beta of 1.19. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.52. The business has a 50 day simple moving average of $132.36 and a 200-day simple moving average of $113.31.

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, beating analysts’ consensus estimates of $0.79 by $0.14. The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The firm’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter last year, the company earned $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. On average, analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be paid 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 16th. Amphenol’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

Several research analysts recently issued reports on APH shares. Truist Financial raised their target price on shares of Amphenol from $126.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Citigroup lifted their price objective on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Evercore ISI raised their target price on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and boosted their price target for the company from $120.00 to $150.00 in a report on Wednesday, October 15th. Finally, Barclays upped their price objective on Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 13th. Ten analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.54.

Insider Activity

In other Amphenol news, insider Luc Walter sold 365,118 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the completion of the transaction, the insider owned 433,742 shares of the company’s stock, valued at $58,403,360.30. This represents a 45.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total value of $16,801,200.00. Following the completion of the sale, the vice president directly owned 76,400 shares in the company, valued at $10,696,764. This represents a 61.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,063,194 shares of company stock worth $148,244,445. Company insiders own 1.67% of the company’s stock.

Amphenol 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.