Amphenol Corporation $APH Shares Sold by Allstate Corp

Key Points

• Allstate Corp reduced its holdings in Amphenol Corporation by 59.3%, selling 21,072 shares and leaving it with 14,445 shares valued at $947,000.
• Insider selling has been significant, with VP Lance E. D’amico and William J. Doherty collectively selling 213,000 shares for over $23 million in recent transactions.
• Amphenol recently reported earnings of $0.81 per share, exceeding expectations, alongside a quarterly dividend announcement of $0.165 per share, set to be paid on October 8th.

Allstate Corp cut its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 59.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,445 shares of the electronics maker's stock after selling 21,072 shares during the period. Allstate Corp's holdings in Amphenol were worth $947,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in APH. Hughes Financial Services LLC acquired a new stake in shares of Amphenol during the first quarter valued at about $25,000. Avalon Trust Co increased its position in shares of Amphenol by 133.3% during the first 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 last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Amphenol during the first quarter valued at about $28,000. SouthState Corp acquired a new stake in shares of Amphenol during the first quarter valued at about $36,000. Finally, Global X Japan Co. Ltd. acquired a new position in shares of Amphenol in the first quarter valued at approximately $44,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 113,000 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $110.29, for a total value of $12,462,770.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Luc Walter sold 286,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the transaction, the insider owned 451,790 shares in the company, valued at approximately $41,307,159.70. This trade represents a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,211,924 shares of company stock worth $122,753,737. 1.67% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on APH. Citigroup lifted their price objective on shares of Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Evercore ISI lifted their price objective on shares of Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, July 18th. UBS Group lifted their price objective on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Truist Financial lifted their price objective on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, KGI Securities began coverage on shares of Amphenol in a report on Thursday, June 26th. They issued a "hold" rating for the company. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $105.62.

Amphenol Stock Up 1.7%

Shares of NYSE:APH traded up $1.82 during trading on Thursday, hitting $111.95. 5,076,700 shares of the company were exchanged, compared to its average volume of 8,390,019. The stock has a market capitalization of $136.68 billion, a P/E ratio of 44.60, a PEG ratio of 1.76 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $112.35. The firm's 50 day moving average price is $103.56 and its 200-day moving average price is $84.39.

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

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's payout ratio is currently 26.29%.

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.