Raiffeisen Bank International AG boosted its position in Amphenol Corporation (NYSE:APH – Free Report) by 114.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,506 shares of the electronics maker’s stock after buying an additional 41,964 shares during the period. Raiffeisen Bank International AG’s holdings in Amphenol were worth $7,617,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in shares of Amphenol during the 2nd quarter valued at about $25,000. Avalon Trust Co lifted its stake 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 buying an additional 232 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Amphenol during the 1st quarter worth approximately $28,000. Saudi Central Bank bought a new stake in shares of Amphenol in the 1st quarter valued at $31,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Amphenol during the 1st quarter valued at $33,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Amphenol
In related news, CFO Craig A. Lampo sold 40,076 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $143.50, for a total transaction of $5,750,906.00. Following the sale, the chief financial officer directly owned 39,884 shares in the company, valued at approximately $5,723,354. This represents a 50.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total transaction of $11,283,200.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,323,118 shares of company stock valued at $174,426,462. Insiders own 1.67% of the company’s stock.
Amphenol Stock Down 1.1%
Amphenol (NYSE:APH – Get Free Report) last posted its quarterly earnings data 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 quarter in the prior year, the business earned $0.50 earnings per share. Amphenol’s revenue for the quarter was up 53.4% on a year-over-year basis. 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, equities analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.
Amphenol Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be issued a $0.25 dividend. This is an increase 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 yield of 0.8%. Amphenol’s payout ratio is 33.33%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Truist Financial raised their price objective on Amphenol from $126.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. JPMorgan Chase & Co. upped their target price on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Evercore ISI upped their price objective on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Finally, Citigroup increased their price objective 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. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and an average price target of $131.54.
Amphenol 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.
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