4,956 Shares in Amphenol Corporation $APH Purchased by Morningstar Investment Management LLC

Key Points

• Morningstar Investment Management LLC has acquired a new position in Amphenol Corporation by purchasing 4,956 shares worth approximately $489,000 during the 2nd quarter of 2023.
• Amphenol's most recent earnings report revealed a Q2 EPS of $0.81, exceeding expectations of $0.66 and showing a notable revenue increase of 56.5% year-over-year.
• The company has a current market capitalization of $149.86 billion, with a dividend yield of 0.5% following a quarterly dividend declaration of $0.165 per share.

Morningstar Investment Management LLC purchased a new position in shares of Amphenol Corporation (NYSE:APH - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,956 shares of the electronics maker's stock, valued at approximately $489,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in APH. Opal Wealth Advisors LLC bought a new stake in shares of Amphenol during the 2nd quarter worth $25,000. Hilltop National Bank bought a new stake in shares of Amphenol during the 2nd quarter worth $35,000. Hughes Financial Services LLC bought a new stake in shares of Amphenol during the 1st quarter worth $25,000. Avalon Trust Co grew its position 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 during the period. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Amphenol during the 1st quarter valued at approximately $28,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Amphenol Stock Down 0.9%

Shares of NYSE APH opened at $122.74 on Wednesday. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $127.50. The business has a 50-day simple moving average of $116.38 and a two-hundred day simple moving average of $97.07. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The company has a market cap of $149.86 billion, a P/E ratio of 48.90, a P/E/G ratio of 1.99 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, topping the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The business had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter last year, the company earned $0.44 EPS. The firm's revenue was up 56.5% compared to the same quarter last year. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. Research analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.5%. Amphenol's dividend payout ratio is presently 26.29%.

Wall Street Analyst Weigh In

APH has been the subject of several research reports. Robert W. Baird set a $139.00 price objective on Amphenol and gave the company an "outperform" rating in a report on Friday. Barclays initiated coverage on Amphenol in a report on Wednesday, October 8th. They set an "equal weight" rating and a $120.00 price objective for the company. Wall Street Zen lowered Amphenol from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 10th. Weiss Ratings reissued a "buy (b)" rating on shares of Amphenol in a report on Wednesday, October 8th. Finally, Evercore ISI upped their price target on shares of Amphenol from $120.00 to $150.00 and gave the company an "outperform" rating in a research note on Tuesday, October 7th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $114.43.

Insider Activity

In other news, VP Lance E. D'amico sold 100,000 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $110.60, for a total value of $11,060,000.00. Following the transaction, the vice president owned 76,400 shares of the company's stock, valued at approximately $8,449,840. This represents a 56.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 199,848 shares of Amphenol stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $110.43, for a total transaction of $22,069,214.64. Following the sale, the chief financial officer owned 125,695 shares of the company's stock, valued at approximately $13,880,498.85. The trade was a 61.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 665,924 shares of company stock worth $73,369,357. Company 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.

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