Horizon Investment Services LLC Makes New $1.03 Million Investment in Amphenol Corporation $APH

Horizon Investment Services LLC acquired a new stake in shares of Amphenol Corporation (NYSE:APH) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 10,380 shares of the electronics maker’s stock, valued at approximately $1,025,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APH. Motive Wealth Advisors acquired a new stake in shares of Amphenol during the second quarter worth $215,000. LeConte Wealth Management LLC purchased a new position in Amphenol in the 2nd quarter worth $399,000. New York Life Investment Management LLC lifted its position in Amphenol by 1.6% during the 2nd quarter. New York Life Investment Management LLC now owns 164,472 shares of the electronics maker’s stock worth $16,242,000 after acquiring an additional 2,535 shares during the period. City Center Advisors LLC purchased a new stake in Amphenol during the 2nd quarter valued at about $482,000. Finally, Trust Investment Advisors acquired a new position in shares of Amphenol in the second quarter valued at about $312,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APH. Bank of America upgraded Amphenol from a “neutral” rating to a “buy” rating and upped their target price for the company from $120.00 to $150.00 in a research report on Wednesday, October 15th. The Goldman Sachs Group set a $154.00 price objective on shares of Amphenol and gave the company a “buy” rating in a report on Thursday, October 23rd. Citigroup increased their price objective on shares of Amphenol from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Barclays started coverage on shares of Amphenol in a research report on Wednesday, October 8th. They set an “equal weight” rating and a $120.00 target price for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.77.

Amphenol Stock Performance

NYSE APH opened at $137.99 on Friday. 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 Corporation has a twelve month low of $56.45 and a twelve month high of $142.50. The stock has a 50-day moving average of $124.52 and a 200 day moving average of $105.30. The stock has a market capitalization of $168.91 billion, a price-to-earnings ratio of 46.00, a PEG ratio of 1.58 and a beta of 1.20.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The business 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 business’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period in the prior 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. Sell-side 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. Investors of record on Tuesday, December 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. This is a boost from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s dividend payout ratio is 33.33%.

Insider Activity at Amphenol

In related news, insider William J. Doherty sold 80,000 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David M. Silverman sold 120,000 shares of the 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 directly owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. This represents a 90.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,238,042 shares of company stock worth $155,252,726 in the last quarter. Corporate insiders own 1.67% of the company’s stock.

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.