Blue Trust Inc. Sells 10,216 Shares of Amphenol Corporation $APH

Key Points

• Blue Trust Inc. cut its Amphenol stake by 56.3% in the first quarter, selling 10,216 shares and leaving it with 7,922 shares valued at about $1.0 million.
• Amphenol’s CEO Richard Adam Norwitt sold 17,500 shares in early May, and insiders have sold 130,775 shares over the past 90 days; insiders currently own 1.42% of the company.
• Amphenol beat earnings expectations in its latest quarter, reporting $1.06 EPS and $7.62 billion in revenue, while analysts remain broadly positive with a consensus “Moderate Buy” and average target price of $178.07.

Blue Trust Inc. lessened its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 56.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,922 shares of the electronics maker's stock after selling 10,216 shares during the period. Blue Trust Inc.'s holdings in Amphenol were worth $1,001,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Amphenol by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 126,553,498 shares of the electronics maker's stock worth $17,102,440,000 after buying an additional 1,322,682 shares during the last quarter. J. Stern & Co. LLP increased its position in Amphenol by 9,435.8% during the 4th quarter. J. Stern & Co. LLP now owns 76,769,791 shares of the electronics maker's stock valued at $10,374,670,000 after purchasing an additional 75,964,718 shares during the period. State Street Corp increased its position in Amphenol by 1.6% during the 4th quarter. State Street Corp now owns 56,913,598 shares of the electronics maker's stock valued at $7,705,440,000 after purchasing an additional 888,526 shares during the period. JPMorgan Chase & Co. raised its holdings in Amphenol by 102.7% in the 4th quarter. JPMorgan Chase & Co. now owns 34,325,148 shares of the electronics maker's stock worth $4,638,701,000 after purchasing an additional 17,387,536 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Amphenol by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 30,318,652 shares of the electronics maker's stock worth $4,087,372,000 after purchasing an additional 748,813 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the business's stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total value of $2,506,175.00. Following the completion of the transaction, the chief executive officer owned 1,927,507 shares of the company's stock, valued at approximately $276,038,277.47. The trade was a 0.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 130,775 shares of company stock valued at $18,709,350. 1.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

APH has been the topic of a number of research reports. Robert W. Baird set a $177.00 target price on shares of Amphenol in a research note on Thursday, April 30th. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Citigroup reaffirmed a "buy" rating and set a $180.00 price objective (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. BNP Paribas Exane upped their target price on Amphenol from $195.00 to $200.00 and gave the stock an "outperform" rating in a report on Thursday, May 28th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Amphenol in a research report on Monday, April 20th. Fourteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $178.07.

Amphenol Price Performance

Shares of APH opened at $163.73 on Friday. Amphenol Corporation has a twelve month low of $95.19 and a twelve month high of $168.75. The company has a market capitalization of $201.43 billion, a P/E ratio of 47.05, a price-to-earnings-growth ratio of 1.45 and a beta of 1.27. The firm has a 50 day moving average of $144.88 and a 200 day moving average of $141.20. The company has a quick ratio of 1.26, a current ratio of 1.71 and a debt-to-equity ratio of 1.18.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 29th. The electronics maker reported $1.06 EPS for the quarter, beating the consensus estimate of $0.95 by $0.11. The business had revenue of $7.62 billion for 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 company's revenue was up 58.4% compared to the same quarter last year. During the same period last year, the business posted $0.63 EPS. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. As a group, equities research analysts anticipate that Amphenol Corporation will post 4.76 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Amphenol's dividend payout ratio (DPR) is 28.74%.

About Amphenol

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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