Ensign Peak Advisors Inc Has $59.93 Million Position in Amphenol Corporation $APH

Ensign Peak Advisors Inc increased its holdings in shares of Amphenol Corporation (NYSE:APH) by 5.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 606,921 shares of the electronics maker’s stock after purchasing an additional 30,693 shares during the period. Ensign Peak Advisors Inc’s holdings in Amphenol were worth $59,933,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APH. Motive Wealth Advisors acquired a new stake in Amphenol during the second quarter worth about $215,000. LeConte Wealth Management LLC acquired a new position in Amphenol in the 2nd quarter valued at approximately $399,000. Advyzon Investment Management LLC lifted its position in shares of Amphenol by 101.6% in the 2nd quarter. Advyzon Investment Management LLC now owns 6,054 shares of the electronics maker’s stock worth $598,000 after acquiring an additional 3,051 shares during the period. New York Life Investment Management LLC grew its holdings in shares of Amphenol by 1.6% during the 2nd quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock worth $16,242,000 after purchasing an additional 2,535 shares in the last quarter. Finally, City Center Advisors LLC bought a new stake in shares of Amphenol during the second quarter valued at approximately $482,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling

In other Amphenol news, CFO Craig A. Lampo sold 40,076 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $143.50, for a total value of $5,750,906.00. Following the completion of the transaction, the chief financial officer directly owned 39,884 shares of the company’s stock, valued at approximately $5,723,354. The trade was a 50.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Luc Walter sold 365,118 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the sale, the insider directly owned 433,742 shares in the company, valued at $58,403,360.30. This trade represents a 45.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,123,270 shares of company stock valued at $152,357,247 in the last 90 days. 1.67% of the stock is owned by corporate insiders.

Amphenol Trading Down 4.5%

Shares of APH stock opened at $130.50 on Friday. The company has a market capitalization of $159.73 billion, a P/E ratio of 43.50, a P/E/G ratio of 1.58 and a beta of 1.20. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $144.37. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $129.35 and a 200 day moving average price of $109.65.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The company had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company’s revenue was up 53.4% on a year-over-year basis. During the same quarter last 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. Research analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, December 16th. This is a boost from Amphenol’s previous quarterly dividend of $0.17. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Amphenol’s dividend payout ratio (DPR) is currently 33.33%.

Wall Street Analyst Weigh In

Several research analysts recently commented on APH shares. Evercore ISI raised their target price on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Truist Financial raised their price objective on shares of Amphenol from $126.00 to $147.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. The Goldman Sachs Group set a $154.00 target price on shares of Amphenol and gave the company a “buy” rating in a research report on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Finally, UBS Group set a $152.00 price objective on Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.54.

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.