Comerica Bank lowered its stake in Amphenol Corporation (NYSE:APH – Free Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 321,316 shares of the electronics maker’s stock after selling 6,850 shares during the period. Comerica Bank’s holdings in Amphenol were worth $43,423,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Board of the Pension Protection Fund acquired a new stake in shares of Amphenol in the fourth quarter worth about $27,000. Alpine Bank Wealth Management acquired a new stake in shares of Amphenol in the third quarter worth about $30,000. Towne Trust Company N.A acquired a new stake in shares of Amphenol in the fourth quarter worth about $34,000. Riggs Asset Managment Co. Inc. lifted its position in shares of Amphenol by 200.0% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 168 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of Amphenol during the 3rd quarter worth about $40,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
Insider Transactions at Amphenol
In related news, CEO Richard Adam Norwitt sold 515,281 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $147.27, for a total transaction of $75,885,432.87. Following the transaction, the chief executive officer directly owned 1,927,507 shares in the company, valued at $283,863,955.89. The trade was a 21.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.42% of the stock is owned by corporate insiders.
Amphenol Trading Up 0.0%
Amphenol (NYSE:APH – Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electronics maker reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.04. Amphenol had a return on equity of 35.57% and a net margin of 18.49%.The firm had revenue of $6.44 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period in the previous year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 49.1% compared to the same quarter last year. Amphenol has set its Q1 2026 guidance at 0.910-0.930 EPS. As a group, research analysts predict that Amphenol Corporation will post 4.34 earnings per share for the current year.
Amphenol Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Monday, March 23rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, March 23rd. Amphenol’s payout ratio is currently 29.94%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on APH. Truist Financial set a $182.00 price objective on Amphenol in a research report on Tuesday, January 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Monday, April 20th. Fox Advisors reissued an “outperform” rating on shares of Amphenol in a research report on Friday, January 9th. JPMorgan Chase & Co. boosted their price objective on Amphenol from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, Evercore reissued an “outperform” rating on shares of Amphenol in a research report on Tuesday, March 17th. Twelve analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average price target of $156.71.
Check Out Our Latest Report on Amphenol
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.
Further Reading
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