Freedom Investment Management Inc. Grows Stock Position in Amphenol Corporation $APH

Key Points

• Freedom Investment Management Inc. increased its stock position in Amphenol Corporation by 106.1% in the second quarter, now owning 8,226 shares valued at approximately $812,000.
• Multiple hedge funds, including T. Rowe Price Investment Management and UBS AM, significantly raised their holdings in Amphenol, indicating strong institutional interest with 97.01% of the stock owned by such investors.
• Amphenol recently increased its quarterly dividend from $0.17 to $0.25, with a new annualized dividend yield of 0.7%.

Freedom Investment Management Inc. raised its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 106.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,226 shares of the electronics maker's stock after buying an additional 4,235 shares during the quarter. Freedom Investment Management Inc.'s holdings in Amphenol were worth $812,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Amphenol by 1.9% in the first quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock valued at $10,166,370,000 after acquiring an additional 2,870,933 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Amphenol by 196.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker's stock valued at $1,098,190,000 after acquiring an additional 11,092,282 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Amphenol by 73.5% in the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker's stock valued at $798,163,000 after acquiring an additional 5,154,860 shares in the last quarter. Invesco Ltd. lifted its position in shares of Amphenol by 1.6% in the first quarter. Invesco Ltd. now owns 9,198,997 shares of the electronics maker's stock valued at $603,362,000 after acquiring an additional 141,069 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Amphenol by 639.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker's stock valued at $574,500,000 after acquiring an additional 7,573,750 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amphenol

In related news, VP David M. Silverman sold 100,000 shares of the business's stock in a transaction on 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 owned 12,500 shares in the company, valued at approximately $1,380,250. The trade was a 88.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 113,000 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $110.29, for a total value of $12,462,770.00. The disclosure for this sale can be found here. Insiders have sold a total of 665,924 shares of company stock worth $73,369,357 over the last quarter. 1.67% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on APH. Truist Financial lifted their price objective on Amphenol from $126.00 to $147.00 and gave the stock a "buy" rating in a research report on Thursday. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a research report on Friday, July 11th. Barclays began coverage on Amphenol in a research report on Wednesday, October 8th. They set an "equal weight" rating and a $120.00 price objective on the stock. UBS Group set a $152.00 price objective on Amphenol and gave the stock a "buy" rating in a research report on Thursday. Finally, Citigroup lifted their price objective on Amphenol from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Amphenol currently has a consensus rating of "Moderate Buy" and an average target price of $129.77.

Amphenol Price Performance

NYSE:APH opened at $133.80 on Friday. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $137.65. The company has a quick ratio of 1.46, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $163.35 billion, a P/E ratio of 44.60, a P/E/G ratio of 1.63 and a beta of 1.17. The stock's fifty day moving average is $119.39 and its two-hundred day moving average is $100.45.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to analysts' expectations of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The company's revenue was up 53.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. Equities analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. This is a boost from Amphenol's previous quarterly dividend of $0.17. Amphenol's dividend payout ratio (DPR) is presently 33.33%.

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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