Amphenol Corporation $APH is South Street Advisors LLC's 2nd Largest Position

Key Points

• South Street Advisors LLC cut its Amphenol stake by 7.5% in the fourth quarter, but the stock still made up about 5.2% of its portfolio and remained its 2nd largest position.
• Amphenol reported strong quarterly results, posting EPS of $1.06 versus estimates of $0.95 and revenue of $7.62 billion versus expectations of $7.08 billion, with revenue up 58.4% year over year.
• The company announced a quarterly dividend of $0.25 per share, and analysts remain broadly positive with a consensus rating of Moderate Buy and an average price target of $176.87.

South Street Advisors LLC cut its stake in Amphenol Corporation (NYSE:APH - Free Report) by 7.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 275,621 shares of the electronics maker's stock after selling 22,505 shares during the period. Amphenol comprises approximately 5.2% of South Street Advisors LLC's portfolio, making the stock its 2nd largest position. South Street Advisors LLC's holdings in Amphenol were worth $37,247,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Capital Advisors Inc. OK grew its position in Amphenol by 3.4% in the fourth quarter. Capital Advisors Inc. OK now owns 2,067 shares of the electronics maker's stock worth $279,000 after acquiring an additional 68 shares in the last quarter. Canvas Wealth Advisors LLC boosted its position in Amphenol by 3.5% during the fourth quarter. Canvas Wealth Advisors LLC now owns 2,060 shares of the electronics maker's stock valued at $279,000 after buying an additional 70 shares during the period. LOM Asset Management Ltd boosted its position in Amphenol by 16.3% during the fourth quarter. LOM Asset Management Ltd now owns 500 shares of the electronics maker's stock valued at $68,000 after buying an additional 70 shares during the period. Seeds Investor LLC boosted its position in Amphenol by 4.0% during the fourth quarter. Seeds Investor LLC now owns 1,889 shares of the electronics maker's stock valued at $255,000 after buying an additional 72 shares during the period. Finally, Procyon Advisors LLC boosted its position in Amphenol by 2.6% during the fourth quarter. Procyon Advisors LLC now owns 2,871 shares of the electronics maker's stock valued at $388,000 after buying an additional 74 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 17,500 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the completion of the sale, the chief executive officer directly owned 1,927,507 shares in the company, valued at approximately $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 130,775 shares of company stock worth $18,709,350 in the last ninety days. Corporate insiders own 1.42% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on APH. Seaport Research Partners restated a "buy" rating and set a $215.00 price target on shares of Amphenol in a research report on Thursday, April 30th. Evercore restated an "outperform" rating on shares of Amphenol in a research report on Wednesday. Robert W. Baird set a $177.00 price objective on Amphenol in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their price objective on Amphenol from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Finally, Zacks Research lowered Amphenol from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $176.87.

Amphenol Stock Performance

Amphenol stock opened at $148.06 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average of $134.93 and a 200-day moving average of $138.66. The firm has a market cap of $182.14 billion, a P/E ratio of 42.55, a P/E/G ratio of 1.23 and a beta of 1.29. Amphenol Corporation has a 1-year low of $87.95 and a 1-year high of $167.04.

Amphenol (NYSE:APH - Get Free Report) last posted its earnings results on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.11. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.08 billion. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. Amphenol's revenue for the quarter was up 58.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.63 earnings per share. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Sell-side analysts expect that Amphenol Corporation will post 4.76 EPS for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, June 23rd. Amphenol's dividend payout ratio is currently 28.74%.

About Amphenol

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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