First Manhattan CO. LLC. Boosts Stake in Amphenol Corporation $APH

Key Points

• First Manhattan CO. LLC. significantly increased its stake in Amphenol Corporation by 766.2% during the first quarter, owning 186,518 shares valued at approximately $12.26 million.
• Wall Street analysts are optimistic about Amphenol's stock, with several firms raising their price targets and maintaining a "Moderate Buy" consensus rating.
• Amphenol has announced a quarterly dividend of $0.165 per share, yielding around 0.6%, set to be paid on October 8th.

First Manhattan CO. LLC. raised its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 766.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 186,518 shares of the electronics maker's stock after buying an additional 164,986 shares during the quarter. First Manhattan CO. LLC.'s holdings in Amphenol were worth $12,260,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Hughes Financial Services LLC bought a new stake in shares of Amphenol during the 1st quarter worth approximately $25,000. Avalon Trust Co grew its holdings in shares of Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock worth $27,000 after purchasing an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Amphenol in the first quarter valued at about $28,000. Saudi Central Bank bought a new position in Amphenol in the first quarter valued at about $31,000. Finally, SouthState Corp bought a new position in Amphenol in the first quarter valued at about $36,000. Institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on APH. 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 started coverage on Amphenol in a research report on Thursday, June 26th. They issued a "hold" rating on the stock. UBS Group upped their price target on Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Evercore ISI upped their price target on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. increased their price objective on Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $105.62.

Insider Buying and Selling

In other news, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.42, for a total value of $11,042,000.00. Following the sale, the vice president directly owned 12,500 shares of the company's stock, valued at approximately $1,380,250. The trade was a 88.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 113,000 shares of Amphenol stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $108.89, for a total value of $12,304,570.00. 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 three months. 1.67% of the stock is currently owned by company insiders.

Amphenol Trading Down 2.0%

NYSE APH traded down $2.24 on Friday, hitting $110.51. The company's stock had a trading volume of 12,408,043 shares, compared to its average volume of 6,470,245. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $113.69. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The company's 50-day simple moving average is $105.61 and its 200 day simple moving average is $86.47. The firm has a market cap of $134.93 billion, a P/E ratio of 44.03, a PEG ratio of 1.77 and a beta of 1.15.

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 for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The company had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter last year, the company earned $0.44 EPS. The firm's revenue for the quarter was up 56.5% on a year-over-year basis. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. Research analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

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