Royal Bank of Canada Boosts Stake in Amphenol Corporation $APH

Key Points

• Royal Bank of Canada has increased its stake in Amphenol Corporation by 0.1%, now owning about 1.08% of the company, valued at approximately $853.57 million.
• Insider activity includes significant sales, with CFO Craig A. Lampo selling 199,848 shares, resulting in a 61.39% decrease in their position.
• Equities analysts have raised price targets for Amphenol, with recommendations ranging from "buy" to "overweight" and a consensus target price of $105.62.

Royal Bank of Canada lifted its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 0.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,013,749 shares of the electronics maker's stock after acquiring an additional 16,361 shares during the quarter. Royal Bank of Canada owned approximately 1.08% of Amphenol worth $853,572,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in APH. Hughes Financial Services LLC purchased a new stake in Amphenol during the 1st quarter worth about $25,000. Avalon Trust Co raised its holdings in shares of Amphenol by 133.3% in the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker's stock valued at $27,000 after acquiring an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Amphenol in the 1st quarter valued at about $28,000. Saudi Central Bank purchased a new stake in shares of Amphenol in the 1st quarter valued at about $31,000. Finally, SouthState Corp purchased a new stake in shares of Amphenol in the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Amphenol Stock Up 1.2%

Shares of APH traded up $1.34 on Wednesday, reaching $110.59. The stock had a trading volume of 6,815,632 shares, compared to its average volume of 6,509,138. The company has a 50-day simple moving average of $104.77 and a 200-day simple moving average of $85.59. The firm has a market capitalization of $135.02 billion, a price-to-earnings ratio of 44.06, a price-to-earnings-growth ratio of 1.75 and a beta of 1.15. Amphenol Corporation has a 12-month low of $56.45 and a 12-month high of $112.35. 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 (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The firm had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company's revenue was up 56.5% on a year-over-year basis. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. Sell-side analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Amphenol's payout ratio is currently 26.29%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on APH shares. Truist Financial raised their price target on Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Citigroup increased their price objective on Amphenol from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Bank of America increased their price objective on Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Wall Street Zen lowered Amphenol from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Finally, JPMorgan Chase & Co. increased their price objective on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Amphenol has an average rating of "Moderate Buy" and an average target price of $105.62.

Insider Buying and Selling

In other news, CFO Craig A. Lampo sold 40,076 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $110.56, for a total value of $4,430,802.56. Following the transaction, the chief financial officer directly owned 39,884 shares in the company, valued at $4,409,575.04. The trade was a 50.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Lance E. D'amico sold 100,000 shares of the business's stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $110.60, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 665,924 shares of company stock worth $73,369,357. Company insiders own 1.67% of the company's stock.

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.