The Manufacturers Life Insurance Company Trims Holdings in Amphenol Corporation $APH

Key Points

• The Manufacturers Life Insurance Company has reduced its stake in Amphenol Corporation by 24.3%, now holding about 1,081,450 shares valued at $70.9 million as of the latest SEC filings.
• Amphenol reported better-than-expected earnings with $0.81 EPS and $5.65 billion in revenue for the last quarter, surpassing analyst estimates of $0.66 EPS and $5.01 billion in revenue.
• The company has announced a quarterly dividend of $0.165, representing an annualized yield of 0.6%, with payment scheduled for October 8th.

The Manufacturers Life Insurance Company lowered its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 24.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,081,450 shares of the electronics maker's stock after selling 346,588 shares during the quarter. The Manufacturers Life Insurance Company owned 0.09% of Amphenol worth $70,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Amphenol by 1.9% during the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after purchasing an additional 2,870,933 shares during the period. Bank of America Corp DE raised its position in shares of Amphenol by 294.0% during the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker's stock worth $1,733,027,000 after purchasing an additional 18,619,417 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Amphenol by 196.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker's stock worth $1,098,190,000 after purchasing an additional 11,092,282 shares during the period. Wellington Management Group LLP raised its position in shares of Amphenol by 73.5% during the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker's stock worth $798,163,000 after purchasing an additional 5,154,860 shares during the period. Finally, Invesco Ltd. raised its position in shares of Amphenol by 1.6% during the first quarter. Invesco Ltd. now owns 9,198,997 shares of the electronics maker's stock worth $603,362,000 after purchasing an additional 141,069 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amphenol

In other news, VP Lance E. D'amico sold 100,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the completion of the sale, the vice president directly owned 76,400 shares of the company's stock, valued at $8,449,840. This trade represents a 56.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Craig A. Lampo sold 199,848 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $110.43, for a total value of $22,069,214.64. Following the sale, the chief financial officer directly owned 125,695 shares of the company's stock, valued at approximately $13,880,498.85. This represents a 61.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 665,924 shares of company stock valued at $73,369,357 in the last 90 days. 1.67% of the stock is currently owned by company insiders.

Amphenol Trading Up 1.5%

Shares of APH stock traded up $1.65 during trading hours on Thursday, hitting $112.34. 5,379,788 shares of the company's stock traded hands, compared to its average volume of 8,340,386. The stock's 50 day simple moving average is $105.05 and its 200 day simple moving average is $85.76. The stock has a market cap of $137.16 billion, a PE ratio of 44.75, a price-to-earnings-growth ratio of 1.75 and a beta of 1.15. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $112.44. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61.

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

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is currently 26.29%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on APH. Wall Street Zen cut Amphenol from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Truist Financial raised their target price on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Bank of America upped their target price on shares of Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a research note on Friday, July 11th. Finally, Robert W. Baird boosted their price objective on Amphenol from $118.00 to $127.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Eight research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $105.62.

Amphenol Company 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.