Canvas Wealth Advisors LLC Takes $209,000 Position in Amphenol Corporation $APH

Key Points

• Canvas Wealth Advisors LLC has taken a new position in Amphenol Corporation, acquiring 1,963 shares valued at approximately $209,000.
• Several institutional investors, including Evermay Wealth Management LLC and Lyell Wealth Management LP, have increased their stakes in Amphenol, demonstrating strong institutional support with over 97% of the company's stock owned by institutional investors.
• Amphenol's recent quarterly earnings surpassed expectations, reporting an EPS of $0.81 against a consensus estimate of $0.66, with a revenue of $5.65 billion for the quarter.

Canvas Wealth Advisors LLC acquired a new position in Amphenol Corporation (NYSE:APH - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,963 shares of the electronics maker's stock, valued at approximately $209,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC lifted its stake in shares of Amphenol by 3.1% in the 2nd quarter. Evermay Wealth Management LLC now owns 9,483 shares of the electronics maker's stock valued at $937,000 after purchasing an additional 282 shares during the last quarter. Lyell Wealth Management LP raised its holdings in Amphenol by 2.9% in the 2nd quarter. Lyell Wealth Management LP now owns 195,573 shares of the electronics maker's stock valued at $19,313,000 after buying an additional 5,504 shares during the period. Balboa Wealth Partners acquired a new position in Amphenol in the second quarter valued at about $382,000. Swan Global Investments LLC purchased a new position in Amphenol during the second quarter worth about $269,000. Finally, Chicago Partners Investment Group LLC increased its position in shares of Amphenol by 199.3% during the second quarter. Chicago Partners Investment Group LLC now owns 8,308 shares of the electronics maker's stock valued at $837,000 after acquiring an additional 5,532 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 equities analysts recently weighed in on APH shares. Truist Financial increased their price objective on shares of Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. KGI Securities initiated coverage on Amphenol in a research report on Thursday, June 26th. They set a "hold" rating for the company. The Goldman Sachs Group set a $139.00 price objective on Amphenol and gave the company a "buy" rating in a report on Monday, September 29th. Evercore ISI increased their target price on Amphenol from $120.00 to $150.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Amphenol in a research report on Wednesday, October 8th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $118.00.

Insider Activity

In other news, CFO Craig A. Lampo sold 40,076 shares of Amphenol stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.56, for a total transaction of $4,430,802.56. Following the completion of the sale, the chief financial officer directly owned 39,884 shares of the company's stock, valued at approximately $4,409,575.04. The trade was a 50.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Lance E. D'amico sold 100,000 shares of the 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 completion of the transaction, the vice president directly owned 76,400 shares in the company, valued at $8,449,840. This trade represents a 56.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 665,924 shares of company stock valued at $73,369,357 over the last quarter. Company insiders own 1.67% of the company's stock.

Amphenol Trading Up 1.6%

APH opened at $127.71 on Tuesday. The business has a fifty day moving average price of $117.76 and a 200 day moving average price of $99.04. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.02 and a quick ratio of 1.46. Amphenol Corporation has a 12 month low of $56.45 and a 12 month high of $128.12. The stock has a market capitalization of $155.92 billion, a price-to-earnings ratio of 50.88, a PEG ratio of 1.64 and a beta of 1.17.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) 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 business's quarterly revenue 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 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th were given a $0.165 dividend. The ex-dividend date of this dividend was 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 is currently 26.29%.

Amphenol 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.

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