Catalyst Capital Advisors LLC Sells 3,352 Shares of Amphenol Corporation $APH

Catalyst Capital Advisors LLC decreased its position in shares of Amphenol Corporation (NYSE:APH) by 5.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,968 shares of the electronics maker’s stock after selling 3,352 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Amphenol were worth $5,724,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hughes Financial Services LLC bought a new position in Amphenol during the 1st quarter worth about $25,000. Opal Wealth Advisors LLC bought a new position in shares of Amphenol during the second quarter valued at approximately $25,000. Avalon Trust Co boosted its position in Amphenol by 133.3% during the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Amphenol in the 1st quarter valued at about $28,000. Finally, Saudi Central Bank acquired a new stake in Amphenol in the first quarter valued at approximately $31,000. 97.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

APH has been the subject of a number of recent analyst reports. Citigroup raised their price objective on Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird set a $139.00 price target on Amphenol and gave the stock an “outperform” rating in a report on Friday, October 10th. The Goldman Sachs Group set a $154.00 price target on Amphenol and gave the stock a “buy” rating in a report on Thursday. Truist Financial lifted their target price on shares of Amphenol from $126.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.00.

Insider Buying and Selling

In other Amphenol news, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president directly owned 76,400 shares of the company’s stock, 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 SEC, which can be accessed through this link. Also, VP David M. Silverman sold 100,000 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the completion of the transaction, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,380,250. This represents a 88.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 665,924 shares of company stock worth $73,369,357. Corporate insiders own 1.67% of the company’s stock.

Amphenol Stock Performance

Shares of NYSE APH opened at $135.57 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.46 and a debt-to-equity ratio of 0.57. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $136.52. The company has a 50 day simple moving average of $118.89 and a two-hundred day simple moving average of $99.94. The stock has a market cap of $165.52 billion, a price-to-earnings ratio of 45.19, a PEG 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The firm’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period in the previous year, the firm 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, analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current 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 issued a $0.25 dividend. This is a boost from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol’s payout ratio is presently 26.29%.

Amphenol Company 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.