DAVENPORT & Co LLC Increases Stock Holdings in Amphenol Corporation $APH

DAVENPORT & Co LLC increased its holdings in Amphenol Corporation (NYSE:APH) by 14.2% in the second quarter, HoldingsChannel.com reports. The fund owned 68,379 shares of the electronics maker’s stock after acquiring an additional 8,494 shares during the period. DAVENPORT & Co LLC’s holdings in Amphenol were worth $6,731,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APH. T. Rowe Price Investment Management Inc. lifted its stake in Amphenol by 196.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker’s stock worth $1,098,190,000 after acquiring an additional 11,092,282 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Amphenol by 639.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock valued at $574,500,000 after buying an additional 7,573,750 shares during the period. Nuveen LLC purchased a new position in Amphenol during the first quarter valued at $476,842,000. Wellington Management Group LLP lifted its position in Amphenol by 73.5% during the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker’s stock valued at $798,163,000 after buying an additional 5,154,860 shares during the period. Finally, Vanguard Group Inc. lifted its position in Amphenol by 1.9% during the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker’s stock valued at $10,166,370,000 after buying an additional 2,870,933 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on APH shares. KGI Securities started coverage on Amphenol in a research report on Thursday, June 26th. They set a “hold” rating for the company. Wall Street Zen lowered Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 10th. UBS Group set a $120.00 price objective on Amphenol in a research report on Tuesday. Robert W. Baird raised their price objective on Amphenol from $118.00 to $127.00 and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Finally, Citigroup restated a “buy” rating and set a $145.00 price target (up from $125.00) on shares of Amphenol in a report on Wednesday, September 24th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.08.

Insiders Place Their Bets

In related news, VP Lance E. D’amico sold 100,000 shares of Amphenol stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $110.60, for a total value of $11,060,000.00. Following the completion of the sale, the vice president directly owned 76,400 shares in the company, valued at approximately $8,449,840. This trade represents a 56.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 40,076 shares of Amphenol stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.56, for a total value of $4,430,802.56. Following the completion of the sale, the chief financial officer owned 39,884 shares of the company’s stock, valued at $4,409,575.04. The trade was a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 665,924 shares of company stock valued at $73,369,357 over the last quarter. Corporate insiders own 1.67% of the company’s stock.

Amphenol Price Performance

Shares of NYSE:APH opened at $124.52 on Wednesday. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $126.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. The business has a fifty day moving average price of $114.63 and a 200-day moving average price of $95.13. The company has a market capitalization of $152.03 billion, a PE ratio of 49.61, a PEG ratio of 1.98 and a beta of 1.17.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the company earned $0.44 EPS. Amphenol’s revenue for the quarter was up 56.5% on a year-over-year basis. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. As a group, equities analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, September 16th. Amphenol’s dividend payout ratio (DPR) is presently 26.29%.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.