Perpetual Ltd Sells 4,709 Shares of Amphenol Corporation $APH

Key Points

• Perpetual Ltd has reduced its stake in Amphenol Corporation by 53%, now holding shares worth $412,000 after selling 4,709 shares during the second quarter.
• Institutional investors own 97.01% of Amphenol's stock, with notable increases in holdings from companies like T. Rowe Price and UBS AM, which raised their stakes significantly during the first quarter.
• Amphenol recently reported a strong quarterly performance with an EPS of $0.81, exceeding estimates and reflecting a year-over-year revenue growth of 56.5%.

Perpetual Ltd lessened its holdings in shares of Amphenol Corporation (NYSE:APH - Free Report) by 53.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,169 shares of the electronics maker's stock after selling 4,709 shares during the period. Perpetual Ltd's holdings in Amphenol were worth $412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in APH. T. Rowe Price Investment Management Inc. grew its position in shares of Amphenol by 196.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker's stock worth $1,098,190,000 after purchasing an additional 11,092,282 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Amphenol by 639.0% during the 1st 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 worth $574,500,000 after purchasing an additional 7,573,750 shares in the last quarter. Nuveen LLC acquired a new position in shares of Amphenol during the 1st quarter worth approximately $476,842,000. Wellington Management Group LLP lifted its holdings in shares of Amphenol by 73.5% during the 1st quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker's stock worth $798,163,000 after acquiring an additional 5,154,860 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Amphenol by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 154,998,780 shares of the electronics maker's stock worth $10,166,370,000 after acquiring an additional 2,870,933 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on APH. JPMorgan Chase & Co. increased their price target on shares of Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Truist Financial increased their price target 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. Citigroup increased their price target on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. UBS Group increased their price target on shares of Amphenol from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Evercore ISI increased their price target on shares of Amphenol from $105.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.62.

Insider Activity

In related news, VP David M. Silverman sold 100,000 shares of Amphenol stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.42, for a total transaction of $11,042,000.00. Following the completion of the transaction, the vice president owned 12,500 shares of the company's stock, valued at $1,380,250. This trade represents a 88.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Craig A. Lampo sold 199,848 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $110.43, for a total transaction of $22,069,214.64. Following the transaction, the chief financial officer owned 125,695 shares in the company, valued at $13,880,498.85. This represents a 61.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 665,924 shares of company stock worth $73,369,357 over the last ninety days. Corporate insiders own 1.67% of the company's stock.

Amphenol Trading Down 0.1%

Shares of NYSE:APH traded down $0.14 during mid-day trading on Monday, reaching $123.80. 12,206,040 shares of the company's stock were exchanged, compared to its average volume of 8,833,182. The firm has a market capitalization of $151.15 billion, a price-to-earnings ratio of 49.32, a PEG ratio of 1.99 and a beta of 1.15. The business's fifty day moving average price is $109.68 and its 200-day moving average price is $90.35. 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 Corporation has a twelve month low of $56.45 and a twelve month high of $124.39.

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

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) 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.