Burney Co. Sells 59,121 Shares of Amphenol Corporation $APH

Burney Co. lessened its stake in shares of Amphenol Corporation (NYSE:APH) by 28.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,671 shares of the electronics maker’s stock after selling 59,121 shares during the quarter. Burney Co.’s holdings in Amphenol were worth $18,398,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Burns Matteson Capital Management LLC boosted its holdings in Amphenol by 29.3% in the third quarter. Burns Matteson Capital Management LLC now owns 11,916 shares of the electronics maker’s stock worth $1,475,000 after acquiring an additional 2,698 shares in the last quarter. SWS Partners raised its position in shares of Amphenol by 2.8% during the third quarter. SWS Partners now owns 26,667 shares of the electronics maker’s stock worth $3,304,000 after purchasing an additional 717 shares during the period. Asio Capital LLC lifted its holdings in shares of Amphenol by 3.1% in the 3rd quarter. Asio Capital LLC now owns 56,317 shares of the electronics maker’s stock worth $6,969,000 after purchasing an additional 1,687 shares in the last quarter. Regent Peak Wealth Advisors LLC acquired a new stake in Amphenol in the 3rd quarter valued at $229,000. Finally, Elite Life Management LLC bought a new stake in Amphenol during the 3rd quarter valued at $211,000. 97.01% of the stock is owned by institutional investors.

Amphenol Stock Performance

APH stock opened at $137.39 on Friday. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The firm has a market cap of $168.17 billion, a PE ratio of 45.80, a P/E/G ratio of 1.08 and a beta of 1.19. The business has a 50 day moving average of $136.25 and a 200-day moving average of $118.63. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $144.37.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The business’s revenue was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. As a group, sell-side analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current 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 given a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 16th. This is an increase from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analysts Forecast Growth

APH has been the subject of a number of analyst reports. Barclays lifted their price objective on shares of Amphenol from $120.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th. Citigroup lifted 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. Evercore ISI increased their price objective on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. The Goldman Sachs Group set a $154.00 target price on Amphenol and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, UBS Group set a $152.00 price target on Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.08.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 80,000 shares of Amphenol stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $142.00, for a total value of $11,360,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David M. Silverman sold 120,000 shares of the stock in a transaction that occurred 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 transaction, the vice president directly owned 12,500 shares of the company’s stock, valued at $1,764,625. This represents a 90.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,063,194 shares of company stock valued at $148,244,445 in the last three months. 1.67% of the stock is owned by corporate insiders.

Amphenol Company Profile

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.