Patton Fund Management Inc. Reduces Stock Holdings in Amphenol Corporation $APH

Key Points

• Patton Fund Management Inc. has reduced its holdings in Amphenol Corporation by 42.8%, now owning 26,627 shares worth approximately $2.63 million.
• Amphenol reported earnings of $0.81 per share for the last quarter, exceeding estimates by $0.15, with revenues up 56.5% year-over-year.
• The company announced a quarterly dividend of $0.165 per share, representing an annualized yield of 0.5%, with a payout ratio of 26.29%.

Patton Fund Management Inc. decreased its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 42.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,627 shares of the electronics maker's stock after selling 19,962 shares during the quarter. Patton Fund Management Inc.'s holdings in Amphenol were worth $2,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new stake in Amphenol in the first quarter worth $25,000. Opal Wealth Advisors LLC bought a new position in Amphenol in the second quarter worth $25,000. Avalon Trust Co raised its holdings in Amphenol by 133.3% in the first 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 bought a new position in Amphenol in the first quarter worth $28,000. Finally, Saudi Central Bank bought a new position in Amphenol in the first quarter worth $31,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on APH. KGI Securities began coverage on Amphenol in a report on Thursday, June 26th. They issued a "hold" rating for the company. Truist Financial increased their price objective on Amphenol from $102.00 to $126.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. UBS Group increased their price objective on Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a report on Friday, July 11th. 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 analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $107.15.

Amphenol Stock Up 0.2%

Shares of APH opened at $122.60 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $126.06. The business's 50 day moving average is $111.92 and its 200 day moving average is $92.08. The company has a market capitalization of $149.68 billion, a PE ratio of 48.84, a price-to-earnings-growth ratio of 1.96 and a beta of 1.15.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.15. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.01 billion. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The company's revenue was up 56.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. Research analysts expect that Amphenol Corporation will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The firm 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 dividend of $0.165 per share. The ex-dividend date is Tuesday, September 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. Amphenol's payout ratio is presently 26.29%.

Insiders Place Their Bets

In related news, VP Lance E. D'amico sold 100,000 shares of the business's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $110.60, for a total transaction of $11,060,000.00. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $22,069,214.64. Following the completion of the sale, the chief financial officer owned 125,695 shares of the company's stock, valued at $13,880,498.85. This represents a 61.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 665,924 shares of company stock worth $73,369,357 in the last 90 days. 1.67% of the stock is owned by insiders.

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.

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