Fairbanks Capital Management Inc. Acquires 1,011 Shares of Amphenol Corporation $APH

Fairbanks Capital Management Inc. raised its stake in Amphenol Corporation (NYSE:APH) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,730 shares of the electronics maker’s stock after acquiring an additional 1,011 shares during the quarter. Fairbanks Capital Management Inc.’s holdings in Amphenol were worth $1,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hughes Financial Services LLC bought a new position in Amphenol in the 1st quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of Amphenol in the 2nd quarter valued at $25,000. Avalon Trust Co boosted its holdings in shares of Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after acquiring an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Amphenol during the 1st quarter worth $28,000. Finally, Saudi Central Bank acquired a new position in Amphenol in the 1st quarter worth about $31,000. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on APH shares. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating and lifted their price target for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Barclays assumed 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 on the stock. 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. Evercore ISI lifted their price target on shares of Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Finally, Truist Financial increased their price objective on Amphenol from $126.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.77.

Insider Activity at Amphenol

In other Amphenol news, VP David M. Silverman sold 120,000 shares of the 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 transaction, the vice president directly owned 12,500 shares in the company, valued at approximately $1,764,625. This represents a 90.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Luc Walter sold 365,118 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the sale, the insider directly owned 433,742 shares of the company’s stock, valued at approximately $58,403,360.30. This trade represents a 45.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,125,042 shares of company stock worth $142,789,956 over the last quarter. 1.67% of the stock is owned by company insiders.

Amphenol Stock Up 3.5%

Shares of NYSE APH opened at $143.93 on Tuesday. The company’s 50 day moving average price is $125.82 and its 200-day moving average price is $106.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $144.37. The company has a market capitalization of $176.18 billion, a P/E ratio of 47.98, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20.

Amphenol (NYSE:APH) last posted its quarterly earnings data 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 company had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. Amphenol’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. Equities analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s dividend payout ratio (DPR) is presently 33.33%.

Amphenol Company 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.