Cerity Partners LLC Purchases 124,034 Shares of Amphenol Corporation $APH

Cerity Partners LLC raised its position in Amphenol Corporation (NYSE:APH) by 9.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,481,171 shares of the electronics maker’s stock after purchasing an additional 124,034 shares during the period. Cerity Partners LLC owned 0.12% of Amphenol worth $146,266,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Jump Financial LLC bought a new stake in Amphenol during the second quarter valued at $39,615,000. PGIM Custom Harvest LLC bought a new stake in shares of Amphenol during the 2nd quarter valued at about $250,000. Avestar Capital LLC boosted its position in shares of Amphenol by 104.1% during the 2nd quarter. Avestar Capital LLC now owns 13,096 shares of the electronics maker’s stock valued at $1,294,000 after acquiring an additional 6,680 shares during the last quarter. SageView Advisory Group LLC purchased a new position in shares of Amphenol during the second quarter worth about $206,000. Finally, Diametric Capital LP bought a new position in shares of Amphenol in the second quarter worth approximately $272,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Robert W. Baird set a $139.00 price target on shares of Amphenol and gave the stock an “outperform” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. lifted their price objective on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. The Goldman Sachs Group set a $154.00 target price on Amphenol and gave the company a “buy” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Finally, Barclays upped their price objective on Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a report on Thursday, November 13th. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $131.54.

Amphenol Stock Performance

NYSE APH opened at $139.45 on Friday. The company has a 50-day simple moving average of $133.04 and a two-hundred day simple moving average of $114.06. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $144.37. The firm has a market cap of $170.70 billion, a price-to-earnings ratio of 46.48, a PEG ratio of 1.10 and a beta of 1.19. 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 (NYSE:APH) last released its 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 company had revenue of $6.19 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $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, equities analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be issued a $0.25 dividend. This is a positive change 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 (DPR) is 22.00%.

Insider Activity at Amphenol

In other Amphenol news, VP David M. Silverman sold 120,000 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the sale, the vice president owned 12,500 shares of the company’s stock, valued at $1,764,625. This represents a 90.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $142.00, for a total transaction of $11,360,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 1,063,194 shares of company stock worth $148,244,445 over the last ninety days. Insiders own 1.67% of the company’s stock.

About Amphenol

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.