Franklin Resources Inc. Raises Position in Amphenol Corporation $APH

Franklin Resources Inc. increased its position in shares of Amphenol Corporation (NYSE:APH) by 13.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 12,547,006 shares of the electronics maker’s stock after purchasing an additional 1,486,105 shares during the period. Franklin Resources Inc.’s holdings in Amphenol were worth $1,239,017,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in shares of Amphenol during the 2nd quarter worth approximately $25,000. Avalon Trust Co lifted its holdings in Amphenol by 133.3% in the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 232 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in shares of Amphenol during the 1st quarter worth $28,000. Saudi Central Bank acquired a new position in shares of Amphenol during the 1st quarter worth $31,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Amphenol during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Trading Down 4.5%

Amphenol stock opened at $130.50 on Friday. The stock has a 50-day moving average price of $129.35 and a 200 day moving average price of $109.65. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $144.37. The stock has a market cap of $159.73 billion, a PE ratio of 43.50, a P/E/G ratio of 1.58 and a beta of 1.20. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.14. The company had revenue of $6.19 billion for 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 firm’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. Equities research analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders 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 is Tuesday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.8%. Amphenol’s payout ratio is presently 33.33%.

Insider Activity at Amphenol

In other news, insider Luc Walter sold 365,118 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Silverman sold 120,000 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $141.17, for a total value of $16,940,400.00. Following the completion of the transaction, the vice president owned 12,500 shares of the company’s stock, valued at $1,764,625. The trade was a 90.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,123,270 shares of company stock worth $152,357,247. Company insiders own 1.67% of the company’s stock.

Analyst Ratings Changes

APH has been the topic of a number of research analyst reports. Truist Financial boosted 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. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. The Goldman Sachs Group set a $154.00 price target on Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Wall Street Zen cut Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Finally, Barclays upped their target price on Amphenol from $120.00 to $143.00 and gave the company an “equal weight” rating in a report on Thursday, November 13th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and an average 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.