Eastern Bank Grows Stock Holdings in Amphenol Corporation $APH

Eastern Bank increased its stake in Amphenol Corporation (NYSE:APH) by 5,378.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,584 shares of the electronics maker’s stock after purchasing an additional 44,752 shares during the quarter. Eastern Bank’s holdings in Amphenol were worth $5,641,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Amphenol in the second quarter worth $2,104,244,000. Holocene Advisors LP boosted its position in 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. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Amphenol during the 2nd quarter valued at about $225,757,000. Geode Capital Management LLC increased its position in shares of Amphenol by 8.4% during the 2nd 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 during the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in shares of Amphenol by 8,384.3% in the 2nd quarter. 1832 Asset Management L.P. now owns 1,802,819 shares of the electronics maker’s stock worth $178,028,000 after purchasing an additional 1,781,570 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on APH. UBS Group set a $152.00 target price on shares of Amphenol and gave the company a “buy” rating in a research report on Thursday, October 23rd. US Capital Advisors set a $165.00 price objective on shares of Amphenol in a research report on Friday. Truist Financial set a $182.00 price objective on Amphenol in a research note on Tuesday. 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, Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $142.54.

Amphenol Trading Up 2.6%

Shares of Amphenol stock opened at $148.90 on Wednesday. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $149.11. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. The company has a market capitalization of $182.26 billion, a P/E ratio of 49.63, a P/E/G ratio of 0.94 and a beta of 1.21. The company has a fifty day moving average of $137.31 and a 200 day moving average of $122.78.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The business had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the previous year, the business earned $0.50 earnings per share. The business’s 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. On average, sell-side analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The business also recently disclosed 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. The ex-dividend date was 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 dividend yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is 33.33%.

Insider Transactions at Amphenol

In other Amphenol news, VP David M. Silverman sold 120,000 shares of Amphenol stock in a transaction 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 sale, the vice president directly owned 12,500 shares in the company, valued at approximately $1,764,625. The trade was a 90.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Luc Walter sold 365,118 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the transaction, the insider directly owned 433,742 shares of the company’s stock, valued at $58,403,360.30. This trade represents a 45.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,063,194 shares of company stock valued at $148,244,445. 1.67% of the stock is owned by corporate insiders.

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.