Amphenol Corporation $APH Shares Acquired by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC lifted its position in Amphenol Corporation (NYSE:APH) by 265.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,454 shares of the electronics maker’s stock after purchasing an additional 6,141 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Amphenol were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Financial Management Professionals Inc. increased its stake in shares of Amphenol by 82.6% in the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 90 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in Amphenol in the 3rd quarter valued at $30,000. Opal Wealth Advisors LLC purchased a new stake in Amphenol in the 2nd quarter worth $25,000. Riggs Asset Managment Co. Inc. lifted its holdings in Amphenol by 200.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 168 shares in the last quarter. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Amphenol in the second quarter valued at about $26,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity

In related news, insider Luc Walter sold 365,118 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 433,742 shares of the company’s stock, valued at $58,403,360.30. This represents a 45.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,063,194 shares of company stock valued at $148,244,445 over the last 90 days. Insiders own 1.67% of the company’s stock.

Amphenol Stock Up 2.6%

Shares of NYSE APH opened at $148.90 on Wednesday. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $149.11. The business’s 50 day moving average is $137.31 and its two-hundred day moving average is $122.78. The firm has a market cap of $182.26 billion, a price-to-earnings ratio of 49.63, a PEG ratio of 0.94 and a beta of 1.21. 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 quarterly 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. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The business had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the prior year, the company earned $0.50 earnings per share. The business’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 predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

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

Wall Street Analysts Forecast Growth

APH has been the topic of several research reports. Citigroup restated a “buy” rating and issued a $175.00 target price (up previously from $160.00) on shares of Amphenol in a research report on Monday. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Robert W. Baird set a $139.00 price target on shares of Amphenol and gave the stock an “outperform” rating in a research note on Friday, October 10th. The Goldman Sachs Group set a $154.00 price objective on shares of Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Fox Advisors restated an “outperform” rating on shares of Amphenol in a report on Friday. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $142.54.

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.