Grant Private Wealth Management Inc Makes New Investment in Amphenol Corporation $APH

Grant Private Wealth Management Inc bought a new stake in Amphenol Corporation (NYSE:APH) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,161 shares of the electronics maker’s stock, valued at approximately $515,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Traphagen Investment Advisors LLC purchased a new stake in Amphenol in the 3rd quarter valued at about $203,000. Union Bancaire Privee UBP SA grew its holdings in shares of Amphenol by 12.9% in the third quarter. Union Bancaire Privee UBP SA now owns 48,080 shares of the electronics maker’s stock valued at $5,950,000 after acquiring an additional 5,480 shares in the last quarter. Oak Thistle LLC increased its position in shares of Amphenol by 164.1% during the third quarter. Oak Thistle LLC now owns 21,117 shares of the electronics maker’s stock valued at $2,613,000 after acquiring an additional 13,121 shares during the last quarter. Gradient Investments LLC lifted its holdings in Amphenol by 2.5% during the third quarter. Gradient Investments LLC now owns 294,904 shares of the electronics maker’s stock worth $36,494,000 after acquiring an additional 7,116 shares during the period. Finally, AssuredPartners Investment Advisors LLC purchased a new position in Amphenol in the third quarter worth $239,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays lifted their target price on Amphenol from $120.00 to $143.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 13th. 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 note on Wednesday, October 15th. Wall Street Zen lowered shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Evercore ISI upped their price objective on Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, The Goldman Sachs Group set a $154.00 price objective on Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.54.

Insider Activity

In related news, insider Luc Walter sold 365,118 shares of Amphenol stock in a transaction 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 sale, the insider owned 433,742 shares of the company’s stock, valued at approximately $58,403,360.30. This trade represents a 45.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The shares were 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 approximately $10,696,764. The trade was a 61.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,063,194 shares of company stock valued at $148,244,445. 1.67% of the stock is currently owned by insiders.

Amphenol Stock Down 0.5%

APH opened at $129.19 on Wednesday. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $144.37. The company has a market cap of $158.14 billion, a PE ratio of 43.06, a price-to-earnings-growth ratio of 1.02 and a beta of 1.19. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average of $134.67 and a 200 day moving average of $116.60.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.14. The firm 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%.The business’s quarterly revenue was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 earnings per share. 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, sell-side analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 16th. This is a boost from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s payout ratio is presently 22.00%.

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.