Somerset Trust Co purchased a new position in shares of Amphenol Corporation (NYSE:APH – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,509 shares of the electronics maker’s stock, valued at approximately $619,000.
Other hedge funds have also added to or reduced their stakes in the company. Trilogy Capital Inc. acquired a new position in Amphenol during the second quarter valued at approximately $5,488,000. First County Bank CT acquired a new stake in shares of Amphenol in the 2nd quarter valued at $243,000. Eastern Bank increased its stake in shares of Amphenol by 25.4% in the 2nd quarter. Eastern Bank now owns 201,932 shares of the electronics maker’s stock valued at $35,605,000 after purchasing an additional 40,903 shares during the last quarter. Basecamp Wealth Advisors LLC increased its stake in shares of Amphenol by 7.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 2,635 shares of the electronics maker’s stock valued at $333,000 after purchasing an additional 173 shares during the last quarter. Finally, Sapient Capital LLC acquired a new position in shares of Amphenol during the 1st quarter worth $873,000. 97.01% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several analysts recently weighed in on APH shares. Bank of America raised their price objective on Amphenol from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Barclays reissued an “overweight” rating and issued a $200.00 target price (up from $198.00) on shares of Amphenol in a report on Monday, July 13th. Truist Financial raised their price target on shares of Amphenol from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Robert W. Baird upped their price objective on shares of Amphenol from $177.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $191.67.
Amphenol Price Performance
Amphenol stock opened at $163.78 on Tuesday. The company has a current ratio of 1.89, a quick ratio of 1.41 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $201.49 billion, a PE ratio of 41.05, a P/E/G ratio of 1.30 and a beta of 1.24. Amphenol Corporation has a 12 month low of $104.71 and a 12 month high of $178.52. The stock has a 50-day moving average price of $156.24 and a two-hundred day moving average price of $145.24.
Amphenol (NYSE:APH – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The electronics maker reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.16. Amphenol had a return on equity of 39.87% and a net margin of 17.73%.The company had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same period in the previous year, the business posted $0.81 earnings per share. The business’s quarterly revenue was up 55.0% compared to the same quarter last year. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. Analysts expect that Amphenol Corporation will post 5.13 EPS for the current year.
Amphenol Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 23rd. Amphenol’s payout ratio is presently 25.06%.
Insider Transactions at Amphenol
In other news, CEO Richard Adam Norwitt sold 500,000 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $161.57, for a total transaction of $80,785,000.00. Following the completion of the transaction, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at approximately $311,427,305.99. This trade represents a 20.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.42% 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.
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