Fulton Bank N.A. Sells 10,301 Shares of Amphenol Corporation $APH

Fulton Bank N.A. decreased its holdings in Amphenol Corporation (NYSE:APH) by 12.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,936 shares of the electronics maker’s stock after selling 10,301 shares during the quarter. Fulton Bank N.A.’s holdings in Amphenol were worth $8,902,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Financiere des Professionnels Fonds d investissement inc. increased its position in shares of Amphenol by 23.4% during the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 117,115 shares of the electronics maker’s stock valued at $14,493,000 after buying an additional 22,184 shares during the period. Simon Quick Advisors LLC grew its holdings in shares of Amphenol by 10.0% during the 3rd quarter. Simon Quick Advisors LLC now owns 3,002 shares of the electronics maker’s stock worth $372,000 after acquiring an additional 274 shares during the period. Signaturefd LLC raised its position in shares of Amphenol by 1.7% in the 3rd quarter. Signaturefd LLC now owns 41,211 shares of the electronics maker’s stock worth $5,100,000 after acquiring an additional 693 shares in the last quarter. GAM Holding AG lifted its stake in shares of Amphenol by 3.5% in the 3rd quarter. GAM Holding AG now owns 70,805 shares of the electronics maker’s stock valued at $8,762,000 after purchasing an additional 2,401 shares during the period. Finally, Brown Miller Wealth Management LLC boosted its position in shares of Amphenol by 10.4% during the third quarter. Brown Miller Wealth Management LLC now owns 4,539 shares of the electronics maker’s stock valued at $562,000 after purchasing an additional 428 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Craig A. Lampo sold 258,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the transaction, the chief financial officer owned 167,695 shares in the company, valued at $24,013,924. This represents a 60.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David M. Silverman sold 120,000 shares of Amphenol stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the sale, the vice president directly owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This trade represents a 90.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,063,194 shares of company stock valued at $148,244,445 over the last three months. Corporate insiders own 1.67% of the company’s stock.

Amphenol Price Performance

Shares of APH opened at $139.63 on Friday. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $144.37. The company has a market capitalization of $170.91 billion, a P/E ratio of 46.54, a price-to-earnings-growth ratio of 0.87 and a beta of 1.19. The firm has a 50 day moving average of $136.90 and a 200 day moving average of $120.14. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $5.54 billion. During the same period last year, the business posted $0.50 EPS. The company’s revenue was up 53.4% compared to the same quarter last year. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. As a group, equities research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be paid a $0.25 dividend. 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 (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price objective on Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. The Goldman Sachs Group set a $154.00 price target on shares of Amphenol and gave the company a “buy” rating in a research report on Thursday, October 23rd. Wall Street Zen lowered shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Evercore ISI raised their target price on shares of Amphenol from $120.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Finally, UBS Group set a $152.00 price target on Amphenol and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $134.08.

About Amphenol

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.