Bank of Nova Scotia Decreases Stock Position in Amphenol Corporation $APH

Bank of Nova Scotia lessened its stake in Amphenol Corporation (NYSE:APH) by 8.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 354,652 shares of the electronics maker’s stock after selling 34,014 shares during the period. Bank of Nova Scotia’s holdings in Amphenol were worth $43,888,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its stake in shares of Amphenol by 82.6% during the third 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 during the period. 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 worth $25,000 after buying an additional 168 shares during the period. Howard Hughes Medical Institute purchased a new position in shares of Amphenol in the second quarter worth $26,000. Alpine Bank Wealth Management bought a new stake in Amphenol during the 3rd quarter valued at $30,000. Finally, Evolution Wealth Management Inc. purchased a new stake in Amphenol during the 2nd quarter valued at $31,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APH has been the topic of a number of recent analyst reports. Evercore reissued an “outperform” rating and issued a $165.00 price target on shares of Amphenol in a report on Tuesday, January 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $183.00 target price on shares of Amphenol in a report on Thursday, January 15th. Wall Street Zen cut Amphenol from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Fox Advisors restated an “outperform” rating on shares of Amphenol in a report on Friday, January 9th. Finally, Truist Financial set a $182.00 price objective on Amphenol in a report on Tuesday, January 13th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $151.38.

Insider Activity

In other news, CEO Richard Adam Norwitt sold 515,281 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $147.27, for a total value of $75,885,432.87. Following the completion of the transaction, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at approximately $283,863,955.89. This represents a 21.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.67% of the company’s stock.

Amphenol Trading Up 1.9%

NYSE:APH opened at $133.99 on Monday. The company has a 50-day moving average price of $144.23 and a 200-day moving average price of $134.84. The stock has a market cap of $164.70 billion, a price-to-earnings ratio of 40.12, a P/E/G ratio of 1.42 and a beta of 1.20. The company has a current ratio of 2.98, a quick ratio of 2.48 and a debt-to-equity ratio of 1.08. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $167.04.

Amphenol (NYSE:APH) last announced 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 net margin of 18.49% and a return on equity of 35.57%. The company had revenue of $6.44 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the previous year, the company earned $0.55 earnings per share. Amphenol’s quarterly revenue was up 49.1% on a year-over-year basis. Amphenol has set its Q1 2026 guidance at 0.910-0.930 EPS. Equities analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Monday, March 23rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Amphenol’s dividend payout ratio is 29.94%.

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.