Amphenol Corporation $APH Stake Decreased by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC decreased its stake in Amphenol Corporation by 10.9% during Q2, selling 7,569 shares and ending with holdings valued at $6,090,000.
• Insider William J. Doherty sold 113,000 shares of Amphenol stock, and over the last three months, insiders have sold 665,924 shares worth approximately $73 million.
• Amphenol reported a strong quarterly performance with earnings per share of $0.81, exceeding estimates, and has declared a quarterly dividend of $0.165 per share payable on October 8th.

HB Wealth Management LLC trimmed its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 10.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,672 shares of the electronics maker's stock after selling 7,569 shares during the quarter. HB Wealth Management LLC's holdings in Amphenol were worth $6,090,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in APH. Vanguard Group Inc. increased its holdings 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 valued at $10,166,370,000 after purchasing an additional 2,870,933 shares during the period. T. Rowe Price Investment Management Inc. grew its position in Amphenol by 196.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker's stock valued at $1,098,190,000 after buying an additional 11,092,282 shares in the last quarter. Wellington Management Group LLP increased its stake in Amphenol by 73.5% during the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker's stock valued at $798,163,000 after buying an additional 5,154,860 shares during the period. Invesco Ltd. raised its position in shares of Amphenol by 1.6% during the 1st quarter. Invesco Ltd. now owns 9,198,997 shares of the electronics maker's stock worth $603,362,000 after buying an additional 141,069 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Amphenol by 639.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker's stock worth $574,500,000 after acquiring an additional 7,573,750 shares during the period. Institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In other news, insider William J. Doherty sold 113,000 shares of the firm's stock in a transaction 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 the SEC website. Also, VP Lance E. D'amico sold 100,000 shares of the company's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $110.60, for a total value of $11,060,000.00. Following the transaction, the vice president directly owned 76,400 shares in the company, valued at $8,449,840. The trade was a 56.69% 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 worth $73,369,357 over the last three months. Company insiders own 1.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Truist Financial lifted their price target on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. The Goldman Sachs Group set a $139.00 price objective on Amphenol and gave the company a "buy" rating in a report on Monday. Robert W. Baird lifted their target price on Amphenol from $118.00 to $127.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Finally, UBS Group upped their price target on shares of Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Eight equities research 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 a consensus rating of "Moderate Buy" and an average price target of $110.00.

Amphenol Trading Up 2.3%

NYSE:APH opened at $123.78 on Wednesday. The stock has a fifty day simple moving average of $112.70 and a 200 day simple moving average of $93.11. The firm has a market capitalization of $151.13 billion, a price-to-earnings ratio of 49.31, a price-to-earnings-growth ratio of 1.94 and a beta of 1.15. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $126.06. 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 posted its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the previous year, the company earned $0.44 EPS. The business's revenue for the quarter was up 56.5% compared to the same quarter last year. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. Sell-side analysts forecast that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's payout ratio is 26.29%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.