Gradient Investments LLC Has $36.49 Million Holdings in Amphenol Corporation $APH

Gradient Investments LLC grew its position in Amphenol Corporation (NYSE:APH) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 294,904 shares of the electronics maker’s stock after purchasing an additional 7,116 shares during the quarter. Gradient Investments LLC’s holdings in Amphenol were worth $36,494,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in Amphenol during the 2nd quarter worth $2,104,244,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Amphenol by 196.3% in the first 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 acquiring an additional 11,092,282 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Amphenol by 639.0% during 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 worth $574,500,000 after acquiring an additional 7,573,750 shares during the period. Wellington Management Group LLP raised its position in shares of Amphenol by 73.5% in the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock valued at $798,163,000 after buying an additional 5,154,860 shares in the last quarter. Finally, Holocene Advisors LP raised its holdings in Amphenol by 201.2% in the 2nd quarter. Holocene Advisors LP now owns 3,867,434 shares of the electronics maker’s stock valued at $381,909,000 after acquiring an additional 2,583,628 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amphenol

In other news, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total value of $11,283,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Silverman sold 120,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $141.17, for a total value of $16,940,400.00. Following the completion of the sale, the vice president directly owned 12,500 shares of the company’s stock, valued at $1,764,625. The trade was a 90.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,063,194 shares of company stock worth $148,244,445. 1.67% of the stock is currently owned by insiders.

Amphenol Trading Down 0.5%

Shares of APH stock opened at $129.19 on Wednesday. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $144.37. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. The stock has a 50 day simple moving average of $134.67 and a two-hundred day simple moving average of $116.60. The company has a market cap of $158.14 billion, a P/E ratio of 43.06, a PEG ratio of 1.02 and a beta of 1.19.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter last year, the firm posted $0.50 EPS. The company’s quarterly revenue was up 53.4% on a year-over-year basis. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. Research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders 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 0.8%. The ex-dividend date is Tuesday, December 16th. Amphenol’s dividend payout ratio (DPR) is currently 22.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on APH shares. Bank of America upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and boosted their target price for the company from $120.00 to $150.00 in a research report on Wednesday, October 15th. Robert W. Baird set a $139.00 target price on Amphenol and gave the company an “outperform” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Citigroup increased their price target on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.54.

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.