PNC Financial Services Group Inc. Sells 7,262 Shares of Amphenol Corporation $APH

PNC Financial Services Group Inc. cut its stake in Amphenol Corporation (NYSE:APH) by 0.6% in the second quarter, Holdings Channel.com reports. The firm owned 1,252,682 shares of the electronics maker’s stock after selling 7,262 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Amphenol were worth $123,702,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of APH. Opal Wealth Advisors LLC bought a new position in shares of Amphenol during the second quarter worth about $25,000. Hilltop National Bank acquired a new position in Amphenol during the 2nd quarter worth approximately $35,000. Avalon Trust Co grew its stake in shares of Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock worth $27,000 after acquiring an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Amphenol in the first quarter valued at approximately $28,000. Finally, Saudi Central Bank bought a new stake in shares of Amphenol in the first quarter worth $31,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 199,848 shares of Amphenol stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $110.43, for a total transaction of $22,069,214.64. Following the completion of the sale, the chief financial officer directly owned 125,695 shares of the company’s stock, valued at approximately $13,880,498.85. This trade represents a 61.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Luc Walter sold 365,118 shares of the company’s stock in a transaction on Friday, October 24th. The shares were 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,125,042 shares of company stock valued at $142,789,956 in the last 90 days. Corporate insiders own 1.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on APH shares. Bank of America raised shares of Amphenol from a “neutral” rating to a “buy” rating and raised their target price for the company from $120.00 to $150.00 in a research report on Wednesday, October 15th. Weiss Ratings restated a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. Wall Street Zen lowered Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Citigroup raised their price target on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Robert W. Baird set a $139.00 price objective on Amphenol and gave the stock an “outperform” rating in a research note on Friday, October 10th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Amphenol has a consensus rating of “Moderate Buy” and a consensus price target of $129.77.

Amphenol Stock Down 1.1%

APH stock opened at $141.83 on Thursday. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $144.37. The business’s 50 day simple moving average is $127.13 and its 200 day simple moving average is $107.54. 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 firm has a market capitalization of $173.61 billion, a PE ratio of 47.28, a PEG ratio of 1.58 and a beta of 1.20.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. The firm had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. As a group, research analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

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

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.