Baird Financial Group Inc. Purchases 261,691 Shares of Amphenol Corporation $APH

Key Points

• Baird Financial Group Inc. increased its stake in Amphenol Corporation by 36.0%, acquiring an additional 261,691 shares in the first quarter, bringing its total ownership to about 0.08% valued at approximately $64.8 million.
• Amphenol reported earnings of $0.81 per share for the latest quarter, exceeding analysts' expectations of $0.66, with revenues also up significantly by 56.5% year-over-year.
• The company announced a quarterly dividend of $0.165 per share, which will be paid on October 8th, with a current dividend yield of 0.6%.

Baird Financial Group Inc. lifted its stake in Amphenol Corporation (NYSE:APH - Free Report) by 36.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 988,280 shares of the electronics maker's stock after purchasing an additional 261,691 shares during the period. Baird Financial Group Inc. owned 0.08% of Amphenol worth $64,821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Independent Advisor Alliance grew its position in Amphenol by 1.7% during the first quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker's stock valued at $471,000 after buying an additional 122 shares during the period. Forum Financial Management LP raised its position in Amphenol by 1.9% in the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock worth $438,000 after acquiring an additional 126 shares during the period. Ironwood Investment Counsel LLC boosted its stake in shares of Amphenol by 2.9% during the 1st quarter. Ironwood Investment Counsel LLC now owns 4,676 shares of the electronics maker's stock worth $307,000 after acquiring an additional 132 shares during the last quarter. FourThought Financial Partners LLC grew its position in shares of Amphenol by 4.1% during the 1st quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker's stock valued at $231,000 after acquiring an additional 139 shares during the period. Finally, Gallacher Capital Management LLC increased its stake in shares of Amphenol by 4.6% in the 1st quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock worth $210,000 after purchasing an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APH. Robert W. Baird lifted their target price on Amphenol from $118.00 to $127.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a research note on Friday, July 11th. KGI Securities initiated coverage on Amphenol in a research note on Thursday, June 26th. They set a "hold" rating for the company. Evercore ISI raised their target price on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Finally, Bank of America lifted their price target on shares of Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a report on Tuesday, August 5th. Eight 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 presently has an average rating of "Moderate Buy" and an average target price of $105.62.

Amphenol Price Performance

Shares of Amphenol stock traded up $1.66 during trading on Thursday, reaching $112.35. 5,379,788 shares of the stock traded hands, compared to its average volume of 8,340,386. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. The company has a market capitalization of $137.16 billion, a price-to-earnings ratio of 44.75, a P/E/G ratio of 1.75 and a beta of 1.15. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $112.44. The business has a fifty day simple moving average of $105.05 and a two-hundred day simple moving average of $85.76.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings results 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. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The business had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. During the same quarter last year, the business posted $0.44 EPS. The firm'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 expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.6%. Amphenol's dividend payout ratio is presently 26.29%.

Insider Buying and Selling at Amphenol

In other Amphenol news, CFO Craig A. Lampo sold 199,848 shares of Amphenol 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 completion of the transaction, the chief financial officer directly owned 125,695 shares of the company's stock, valued at $13,880,498.85. This trade represents a 61.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider William J. Doherty sold 113,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were 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. Insiders have sold 665,924 shares of company stock worth $73,369,357 over the last three months. 1.67% of the stock is owned by company insiders.

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.