Midwest Trust Co Invests $10.71 Million in Amphenol Corporation $APH

Midwest Trust Co acquired a new position in Amphenol Corporation (NYSE:APH) in the 2nd quarter, HoldingsChannel reports. The fund acquired 108,420 shares of the electronics maker’s stock, valued at approximately $10,706,000.

Several other institutional investors have also added to or reduced their stakes in APH. Brighton Jones LLC raised its position in shares of Amphenol by 114.0% in the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker’s stock valued at $1,224,000 after purchasing an additional 9,390 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Amphenol by 87.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker’s stock worth $701,000 after buying an additional 4,721 shares during the period. Bison Wealth LLC boosted its holdings in Amphenol by 8.3% in the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker’s stock worth $559,000 after buying an additional 618 shares during the period. Allworth Financial LP grew its stake in Amphenol by 13.4% in the 1st quarter. Allworth Financial LP now owns 9,155 shares of the electronics maker’s stock valued at $600,000 after buying an additional 1,084 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Amphenol by 4.0% during the 1st quarter. Arizona State Retirement System now owns 360,855 shares of the electronics maker’s stock valued at $23,668,000 after acquiring an additional 13,756 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Price Performance

Shares of NYSE APH opened at $139.01 on Monday. The stock’s 50-day simple moving average is $125.12 and its two-hundred day simple moving average is $106.35. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $142.50. The firm has a market capitalization of $170.16 billion, a P/E ratio of 46.34, a P/E/G ratio of 1.58 and a beta of 1.20. 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 quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.14. The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The company’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter last year, the company posted $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. As a group, equities analysts anticipate that Amphenol Corporation will post 2.36 EPS 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 16th. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on APH shares. 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. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Citigroup upped their price target on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Wall Street Zen downgraded shares of Amphenol from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Amphenol presently has a consensus rating of “Moderate Buy” and an average target price of $129.77.

Insider Activity

In related news, CFO Craig A. Lampo sold 40,076 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $110.56, for a total value of $4,430,802.56. Following the transaction, the chief financial officer owned 39,884 shares of the company’s stock, valued at $4,409,575.04. This represents a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Doherty sold 80,000 shares of Amphenol 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 disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,125,042 shares of company stock worth $142,789,956. Corporate insiders own 1.67% of the company’s stock.

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.