Moran Wealth Management LLC Buys 102,363 Shares of Amphenol Corporation $APH

Moran Wealth Management LLC increased its position in Amphenol Corporation (NYSE:APH) by 96.4% during the third quarter, HoldingsChannel.com reports. The firm owned 208,579 shares of the electronics maker’s stock after acquiring an additional 102,363 shares during the quarter. Amphenol makes up approximately 0.8% of Moran Wealth Management LLC’s holdings, making the stock its 23rd largest holding. Moran Wealth Management LLC’s holdings in Amphenol were worth $25,812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of APH. Financial Management Professionals Inc. grew its holdings in shares of Amphenol by 82.6% during the third quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock valued at $25,000 after buying an additional 90 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in Amphenol in the 3rd quarter worth approximately $30,000. Opal Wealth Advisors LLC bought a new position in Amphenol in the 2nd quarter valued at approximately $25,000. Riggs Asset Managment Co. Inc. lifted its position in Amphenol by 200.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 168 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in Amphenol during the 2nd quarter valued at $26,000. 97.01% of the stock is currently owned by institutional investors.

Amphenol Price Performance

NYSE APH opened at $138.88 on Thursday. The company has a 50-day moving average price of $137.04 and a 200-day moving average price of $121.31. Amphenol Corporation has a 52 week low of $56.45 and a 52 week 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 market capitalization of $169.99 billion, a P/E ratio of 46.29, a PEG ratio of 0.92 and a beta of 1.21.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter last year, the firm posted $0.50 earnings per share. The firm’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. Equities research analysts anticipate 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 was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th were paid a $0.25 dividend. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. Amphenol’s dividend payout ratio (DPR) is currently 33.33%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on APH. JPMorgan Chase & Co. upped their price target on Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Citigroup upped their target price on shares of Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research note 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 report on Thursday, October 23rd. Robert W. Baird set a $139.00 price objective on shares of Amphenol and gave the company an “outperform” rating in a report on Friday, October 10th. Finally, Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.08.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 258,000 shares of Amphenol stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $143.20, for a total transaction of $36,945,600.00. Following the transaction, the chief financial officer directly owned 167,695 shares in the company, valued at approximately $24,013,924. The trade was a 60.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William J. Doherty sold 80,000 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total value of $11,283,200.00. The SEC filing for this sale provides additional information. Insiders sold 1,063,194 shares of company stock valued at $148,244,445 in the last ninety days. Corporate insiders own 1.67% of the company’s stock.

Amphenol Profile

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.