Copeland Capital Management LLC Lowers Holdings in Amphenol Corporation $APH

Copeland Capital Management LLC reduced its stake in shares of Amphenol Corporation (NYSE:APH) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,427 shares of the electronics maker’s stock after selling 9,085 shares during the quarter. Copeland Capital Management LLC’s holdings in Amphenol were worth $18,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in Amphenol during the second quarter valued at $2,104,244,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of 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 valued at $574,500,000 after purchasing an additional 7,573,750 shares in the last quarter. Holocene Advisors LP increased its holdings in shares of Amphenol by 201.2% in the second quarter. Holocene Advisors LP now owns 3,867,434 shares of the electronics maker’s stock worth $381,909,000 after purchasing an additional 2,583,628 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Amphenol by 338.8% in the first quarter. AQR Capital Management LLC now owns 3,275,831 shares of the electronics maker’s stock worth $212,798,000 after buying an additional 2,529,319 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in Amphenol during the second quarter valued at approximately $225,757,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In other news, CFO Craig A. Lampo sold 258,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the transaction, the chief financial officer directly owned 167,695 shares of the company’s stock, valued at approximately $24,013,924. This trade represents a 60.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP David M. Silverman sold 120,000 shares of the business’s stock in a transaction that occurred on 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 owned 12,500 shares of the company’s stock, valued at $1,764,625. The trade was a 90.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,063,194 shares of company stock valued at $148,244,445. Company insiders own 1.67% of the company’s stock.

Amphenol Price Performance

APH stock opened at $136.98 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $144.37. The stock has a market cap of $167.67 billion, a PE ratio of 45.66, a P/E/G ratio of 1.08 and a beta of 1.19. The company has a 50-day moving average price of $136.43 and a 200 day moving average price of $119.29.

Amphenol (NYSE:APH) last announced its quarterly earnings data 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. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The business 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 earned $0.50 earnings per share. The firm’s quarterly revenue was up 53.4% compared to the same quarter last year. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. Equities research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 16th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, December 16th. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Amphenol’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. Citigroup boosted their price target on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Truist Financial increased their price objective on shares of Amphenol from $147.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Wall Street Zen downgraded shares of Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Finally, Barclays upped their target price on shares of Amphenol from $120.00 to $143.00 and gave the company an “equal weight” rating in a research 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.08.

About Amphenol

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.