Amphenol Corporation $APH Shares Bought by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its stake in Amphenol Corporation by 4.2% during Q2, now owning over 5 million shares worth approximately $506.7 million.
• Analysts are optimistic, with multiple firms rating Amphenol as a "buy"** and setting price targets ranging from $115.00 to $154.00.
• Amphenol recently announced a quarterly dividend increase to $0.25 per share, up from $0.17, with a payout ratio of 26.29%.

Sumitomo Mitsui Trust Group Inc. raised its stake in Amphenol Corporation (NYSE:APH - Free Report) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,131,227 shares of the electronics maker's stock after acquiring an additional 209,025 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.42% of Amphenol worth $506,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of Amphenol during the second quarter worth about $1,307,000. Warburton Capital Management LLC acquired a new stake in shares of Amphenol during the second quarter worth about $252,000. KPP Advisory Services LLC boosted its stake in shares of Amphenol by 14.8% during the second quarter. KPP Advisory Services LLC now owns 9,610 shares of the electronics maker's stock worth $949,000 after buying an additional 1,237 shares during the period. Bleakley Financial Group LLC boosted its stake in shares of Amphenol by 1.9% during the second quarter. Bleakley Financial Group LLC now owns 33,086 shares of the electronics maker's stock worth $3,267,000 after buying an additional 625 shares during the period. Finally, Insight Advisors LLC PA acquired a new stake in shares of Amphenol during the second quarter worth about $242,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on APH shares. KGI Securities started coverage on shares of Amphenol in a research note on Thursday, June 26th. They set a "hold" rating for the company. The Goldman Sachs Group set a $154.00 price target on shares of Amphenol and gave the stock a "buy" rating in a report on Thursday. Weiss Ratings reissued a "buy (b)" rating on shares of Amphenol in a report on Wednesday, October 8th. Industrial Alliance Securities set a $115.00 target price on shares of Amphenol in a report on Friday, July 11th. Finally, UBS Group set a $152.00 target price on shares of Amphenol and gave the company a "buy" rating in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $125.00.

Insider Buying and Selling at Amphenol

In related news, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the sale, the vice president owned 12,500 shares of the company's stock, valued at $1,380,250. The trade was a 88.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William J. Doherty sold 113,000 shares of Amphenol stock in a transaction on Friday, August 8th. The stock was sold at an average price of $108.89, for a total transaction of $12,304,570.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 665,924 shares of company stock worth $73,369,357. Insiders own 1.67% of the company's stock.

Amphenol Stock Up 0.9%

Shares of NYSE APH opened at $136.50 on Friday. The firm has a market cap of $166.65 billion, a P/E ratio of 45.50, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The firm's 50 day moving average price is $118.89 and its 200 day moving average price is $99.94. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $138.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.46 and a current ratio of 2.07.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.14. The company had revenue of $6.19 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business earned $0.50 EPS. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. As a group, sell-side analysts anticipate that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, December 16th. This is a positive change from Amphenol's previous quarterly dividend of $0.17. Amphenol's dividend payout ratio (DPR) is presently 26.29%.

About Amphenol

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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