Kayne Anderson Rudnick Investment Management LLC Sells 210,758 Shares of Amphenol Corporation $APH

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its stake in Amphenol Corporation by 7.3%, now holding approximately 2.69 million shares valued at $176.22 million.
• Institutional investors own 97.01% of Amphenol's stock, with notable increases in positions from firms like Vanguard Group and Bank of America.
• Amphenol's latest earnings report showed a 56.5% year-over-year revenue increase, with EPS of $0.81, surpassing analysts' estimates.

Kayne Anderson Rudnick Investment Management LLC cut its stake in shares of Amphenol Corporation (NYSE:APH - Free Report) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,686,754 shares of the electronics maker's stock after selling 210,758 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 0.22% of Amphenol worth $176,224,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Independent Advisor Alliance increased its stake in Amphenol by 1.7% in the first quarter. Independent Advisor Alliance now owns 7,180 shares of the electronics maker's stock valued at $471,000 after acquiring an additional 122 shares during the last quarter. Forum Financial Management LP grew its stake in shares of Amphenol by 1.9% during the first quarter. Forum Financial Management LP now owns 6,681 shares of the electronics maker's stock worth $438,000 after buying an additional 126 shares during the last quarter. Ironwood Investment Counsel LLC grew its stake in shares of Amphenol by 2.9% during the first quarter. Ironwood Investment Counsel LLC now owns 4,676 shares of the electronics maker's stock worth $307,000 after buying an additional 132 shares during the last quarter. FourThought Financial Partners LLC grew its stake in shares of Amphenol by 4.1% during the first quarter. FourThought Financial Partners LLC now owns 3,525 shares of the electronics maker's stock worth $231,000 after buying an additional 139 shares during the last quarter. Finally, Gallacher Capital Management LLC grew its stake in shares of Amphenol by 4.6% during the first quarter. Gallacher Capital Management LLC now owns 3,197 shares of the electronics maker's stock worth $210,000 after buying an additional 142 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amphenol news, insider William J. Doherty sold 113,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $110.29, for a total value of $12,462,770.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Luc Walter sold 286,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total transaction of $26,148,980.00. Following the completion of the sale, the insider directly owned 451,790 shares of the company's stock, valued at $41,307,159.70. The trade was a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 951,924 shares of company stock worth $99,518,337 in the last ninety days. 1.67% of the stock is owned by corporate insiders.

Amphenol Stock Down 2.8%

Shares of NYSE APH traded down $3.09 during trading on Friday, hitting $108.85. 3,252,127 shares of the company traded hands, compared to its average volume of 8,356,354. The business's fifty day moving average is $103.93 and its 200 day moving average is $84.66. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $112.35. The firm has a market capitalization of $132.90 billion, a price-to-earnings ratio of 43.37, a P/E/G ratio of 1.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.46 and a current ratio of 2.02.

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 for the quarter, beating the consensus estimate of $0.66 by $0.15. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The firm had revenue of $5.65 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior year, the business earned $0.44 earnings per share. 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. Equities research analysts predict that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 16th will be given a dividend of $0.165 per share. 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%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Citigroup boosted their target price on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen cut shares of Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Truist Financial boosted their target price on shares of Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Robert W. Baird boosted their target price on shares of Amphenol from $118.00 to $127.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 19th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Amphenol in a report on Friday, July 11th. Eight investment 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 currently has an average rating of "Moderate Buy" and a consensus target price of $105.62.

Amphenol Company 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.