Amphenol Corporation $APH Shares Sold by Fenimore Asset Management Inc

Key Points

• Fenimore Asset Management cut its Amphenol stake by 18.8%, selling 384,450 shares and retaining 1,665,809 shares (about $225.1M), making APH its second-largest holding at 4.7% of the fund.
• CEO Richard Adam Norwitt sold 515,281 shares at an average price of $147.27—about $75.9M—reducing his ownership by 21.09%, marking a sizable insider disposal.
• Amphenol topped expectations with $1.06 EPS (vs. $0.95) and $7.62B revenue (up 58.4% YoY), issued Q2 EPS guidance of $1.14–$1.16, and maintains a consensus analyst rating of Moderate Buy with an average target of $169.08.

Fenimore Asset Management Inc cut its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,665,809 shares of the electronics maker's stock after selling 384,450 shares during the quarter. Amphenol accounts for 4.7% of Fenimore Asset Management Inc's investment portfolio, making the stock its 2nd biggest holding. Fenimore Asset Management Inc owned approximately 0.14% of Amphenol worth $225,117,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APH. Riggs Asset Managment Co. Inc. raised its holdings in Amphenol by 200.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker's stock worth $25,000 after purchasing an additional 168 shares during the last quarter. Board of the Pension Protection Fund acquired a new position in Amphenol during the fourth quarter worth $27,000. Alpine Bank Wealth Management acquired a new position in Amphenol during the third quarter worth $30,000. Towne Trust Company N.A acquired a new position in Amphenol during the fourth quarter worth $34,000. Finally, Laurel Wealth Advisors LLC acquired a new position in Amphenol during the fourth quarter worth $34,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on APH. UBS Group reaffirmed a "buy" rating and set a $178.00 price objective (up from $170.00) on shares of Amphenol in a report on Thursday. Evercore reissued an "outperform" rating on shares of Amphenol in a research report on Tuesday, March 17th. The Goldman Sachs Group reissued a "buy" rating and set a $183.00 price target on shares of Amphenol in a research report on Thursday, January 15th. Fox Advisors reissued an "outperform" rating on shares of Amphenol in a research report on Friday, January 9th. Finally, Robert W. Baird set a $177.00 price target on Amphenol in a research report on Thursday. Twelve research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $169.08.

Amphenol Stock Performance

Amphenol stock opened at $142.41 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.48 and a current ratio of 1.71. The stock has a fifty day moving average of $138.09 and a two-hundred day moving average of $139.01. The company has a market capitalization of $175.08 billion, a price-to-earnings ratio of 40.92, a PEG ratio of 1.46 and a beta of 1.29. Amphenol Corporation has a fifty-two week low of $78.76 and a fifty-two week high of $167.04.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.11. The business had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.08 billion. Amphenol had a return on equity of 37.44% and a net margin of 17.24%.The business's revenue for the quarter was up 58.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.63 earnings per share. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. On average, analysts anticipate that Amphenol Corporation will post 4.49 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Stockholders of record on Monday, March 23rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Amphenol's payout ratio is currently 28.74%.

Insider Activity at Amphenol

In other news, CEO Richard Adam Norwitt sold 515,281 shares of Amphenol stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $147.27, for a total value of $75,885,432.87. Following the completion of the sale, the chief executive officer owned 1,927,507 shares of the company's stock, valued at $283,863,955.89. The trade was a 21.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is currently owned by corporate insiders.

Amphenol Company 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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