Bleakley Financial Group LLC Raises Stock Holdings in Amphenol Corporation $APH

Bleakley Financial Group LLC boosted its holdings in Amphenol Corporation (NYSE:APH) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,086 shares of the electronics maker’s stock after purchasing an additional 625 shares during the period. Bleakley Financial Group LLC’s holdings in Amphenol were worth $3,267,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Insight Advisors LLC PA bought a new position in Amphenol during the second quarter valued at about $242,000. Reliant Investment Management LLC grew its position in shares of Amphenol by 0.3% during the 2nd quarter. Reliant Investment Management LLC now owns 75,277 shares of the electronics maker’s stock valued at $7,434,000 after acquiring an additional 255 shares during the period. Strategic Blueprint LLC bought a new stake in shares of Amphenol in the 2nd quarter worth approximately $386,000. LifeWealth Investments LLC purchased a new position in Amphenol in the second quarter valued at approximately $343,000. Finally, Freedom Investment Management Inc. grew its holdings in Amphenol by 106.1% during the second quarter. Freedom Investment Management Inc. now owns 8,226 shares of the electronics maker’s stock valued at $812,000 after purchasing an additional 4,235 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Citigroup upped their price target on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday. Truist Financial increased their target price on shares of Amphenol from $126.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Industrial Alliance Securities set a $115.00 price objective on shares of Amphenol in a report on Friday, July 11th. Finally, UBS Group set a $152.00 target price on shares of Amphenol and gave the company a “buy” rating in a report on Thursday. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.00.

Insider Activity at Amphenol

In related news, VP Lance E. D’amico sold 100,000 shares of the company’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $110.60, for a total value of $11,060,000.00. Following the completion of the transaction, the vice president directly owned 76,400 shares in the company, valued at approximately $8,449,840. The trade was a 56.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William J. Doherty sold 113,000 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $110.29, for a total value of $12,462,770.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 665,924 shares of company stock worth $73,369,357. Corporate insiders own 1.67% of the company’s stock.

Amphenol Stock Performance

NYSE APH opened at $135.57 on Friday. The company’s 50 day simple moving average is $118.89 and its two-hundred day simple moving average is $99.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.07 and a quick ratio of 1.46. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $136.52. The stock has a market capitalization of $165.52 billion, a PE ratio of 45.19, a P/E/G ratio of 1.55 and a beta of 1.17.

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

Amphenol Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.25 per share. This is an increase from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol’s dividend payout ratio is 26.29%.

Amphenol Profile

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.