Bridge Creek Capital Management LLC Buys New Position in Amphenol Corporation $APH

Key Points

• Bridge Creek Capital Management LLC has acquired a new stake in Amphenol Corporation valued at approximately $217,000.
• Amphenol's quarterly earnings report indicated earnings per share of $0.81, surpassing analysts' expectations of $0.66.
• The company announced a quarterly dividend of $0.165 per share, efficient October 8th, reflecting an annualized yield of 0.5%.

Bridge Creek Capital Management LLC bought a new stake in shares of Amphenol Corporation (NYSE:APH - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,200 shares of the electronics maker's stock, valued at approximately $217,000.

A number of other hedge funds have also bought and sold shares of APH. Brighton Jones LLC boosted its position in Amphenol by 114.0% during the fourth quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after acquiring an additional 9,390 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Amphenol by 87.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock valued at $701,000 after acquiring an additional 4,721 shares in the last quarter. Bison Wealth LLC grew its position in Amphenol by 8.3% in the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker's stock valued at $559,000 after buying an additional 618 shares in the last quarter. Waverly Advisors LLC purchased a new stake in Amphenol during the fourth quarter valued at about $291,000. Finally, Cornerstone Advisory LLC grew its holdings in Amphenol by 5.7% during the fourth quarter. Cornerstone Advisory LLC now owns 4,655 shares of the electronics maker's stock valued at $321,000 after purchasing an additional 249 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on APH. Bank of America raised their target price on Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Evercore ISI lifted their target price on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. KGI Securities assumed coverage on Amphenol in a research report on Thursday, June 26th. They set a "hold" rating for the company. Citigroup increased their target price on Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Amphenol in a research note on Friday, July 11th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $105.62.

Insider Activity at Amphenol

In other news, VP Lance E. D'amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Monday, August 18th. The shares were 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 owned 76,400 shares in the company, valued at $8,449,840. The trade was a 56.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Craig A. Lampo sold 199,848 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $110.43, for a total transaction of $22,069,214.64. Following the sale, the chief financial officer directly owned 125,695 shares in the company, valued at $13,880,498.85. This trade represents a 61.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 665,924 shares of company stock worth $73,369,357. 1.67% of the stock is owned by insiders.

Amphenol Trading Up 1.7%

Shares of APH traded up $2.13 on Friday, hitting $124.20. 15,836,325 shares of the stock traded hands, compared to its average volume of 8,833,182. Amphenol Corporation has a 1 year low of $56.45 and a 1 year high of $124.39. The stock's 50 day moving average is $109.68 and its two-hundred day moving average is $90.15. The firm has a market capitalization of $151.64 billion, a P/E ratio of 49.78, a P/E/G ratio of 1.99 and a beta of 1.15. 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 results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The business had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the business earned $0.44 EPS. The business's revenue was up 56.5% on a year-over-year basis. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. As a group, sell-side analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.5%. Amphenol's dividend payout ratio (DPR) is currently 26.29%.

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.