Conning Inc. Has $5.44 Million Stock Holdings in Amphenol Corporation $APH

Conning Inc. increased its position in Amphenol Corporation (NYSE:APH) by 406.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,956 shares of the electronics maker’s stock after buying an additional 35,269 shares during the quarter. Conning Inc.’s holdings in Amphenol were worth $5,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in APH. Financial Management Professionals Inc. grew its stake in shares of Amphenol by 82.6% in the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 90 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in Amphenol during the 3rd quarter worth about $30,000. Opal Wealth Advisors LLC bought a new stake in shares of Amphenol in the 2nd quarter valued at about $25,000. Riggs Asset Managment Co. Inc. increased its stake in shares of Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after buying an additional 168 shares during the period. Finally, Howard Hughes Medical Institute bought a new position in shares of Amphenol during the second quarter worth about $26,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Trading Down 1.5%

NYSE:APH opened at $146.76 on Thursday. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $149.11. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $179.64 billion, a price-to-earnings ratio of 48.92, a PEG ratio of 0.96 and a beta of 1.21. The firm has a fifty day simple moving average of $137.47 and a two-hundred day simple moving average of $122.95.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.14. The firm had revenue of $6.19 billion for 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 quarterly revenue was up 53.4% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

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

Insider Activity

In other news, VP Lance E. D’amico sold 120,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total transaction of $16,801,200.00. Following the transaction, the vice president directly owned 76,400 shares of the company’s stock, valued at $10,696,764. This represents a 61.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of the transaction, the insider owned 433,742 shares in the company, valued at approximately $58,403,360.30. This represents a 45.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,063,194 shares of company stock valued at $148,244,445. Corporate insiders own 1.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APH. Fox Advisors reissued an “outperform” rating on shares of Amphenol in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $150.00 in a research note on Wednesday, October 15th. US Capital Advisors set a $165.00 price target on shares of Amphenol in a research report on Friday, January 9th. Finally, Robert W. Baird set a $139.00 price target on Amphenol and gave the stock an “outperform” rating in a report on Friday, October 10th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus price target of $144.23.

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.