Farmers & Merchants Investments Inc. Decreases Stake in Amphenol Corporation $APH

Farmers & Merchants Investments Inc. lessened its position in shares of Amphenol Corporation (NYSE:APH) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,321 shares of the electronics maker’s stock after selling 24,767 shares during the quarter. Amphenol comprises 1.2% of Farmers & Merchants Investments Inc.’s portfolio, making the stock its 16th biggest holding. Farmers & Merchants Investments Inc.’s holdings in Amphenol were worth $43,971,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in APH. Geode Capital Management LLC grew its holdings in shares of Amphenol by 8.4% in the second quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock valued at $2,804,338,000 after purchasing an additional 2,217,079 shares in the last quarter. Norges Bank bought a new position in Amphenol during the second quarter valued at $2,104,244,000. Franklin Resources Inc. grew its stake in shares of Amphenol by 13.4% in the 2nd quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock worth $1,239,017,000 after buying an additional 1,486,105 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Amphenol by 639.0% in the 1st 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 buying an additional 7,573,750 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Amphenol by 1.1% during the 1st quarter. Alliancebernstein L.P. now owns 8,739,553 shares of the electronics maker’s stock valued at $573,227,000 after buying an additional 92,450 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of Amphenol stock opened at $136.98 on Tuesday. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $144.37. The company has a market capitalization of $167.67 billion, a PE ratio of 45.66, a price-to-earnings-growth ratio of 1.08 and a beta of 1.19. The stock’s fifty day moving average is $136.43 and its two-hundred day moving average is $119.29. 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 issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The firm had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The business’s revenue was up 53.4% on a year-over-year basis. During the same period 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, analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

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

Analyst Ratings Changes

Several research firms recently commented on APH. Evercore ISI lifted their price target on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. lifted their target price on Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and increased their price target for the company from $120.00 to $150.00 in a report on Wednesday, October 15th. Citigroup lifted their price objective on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Robert W. Baird set a $139.00 price objective on shares of Amphenol and gave the company an “outperform” rating in a research report on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and an average target price of $134.08.

Insider Activity

In other Amphenol news, VP David M. Silverman sold 120,000 shares of Amphenol stock in a transaction on Monday, November 3rd. The stock was 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 directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Luc Walter sold 365,118 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of $134.65, for a total value of $49,163,138.70. Following the transaction, the insider directly owned 433,742 shares in the company, valued at $58,403,360.30. The trade was a 45.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,063,194 shares of company stock valued at $148,244,445. Insiders own 1.67% of the company’s stock.

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.