Amphenol Corporation $APH Shares Bought by Select Equity Group L.P.

Key Points

• Select Equity Group L.P. increased its holdings in Amphenol Corporation by 24.2%, now owning approximately 0.08% of the company, valued at $60.45 million.
• Multiple large investors, including Perigon Wealth Management and Cambridge Investment Research Advisors, have also significantly increased their stakes in Amphenol during the 1st quarter.
• Amphenol recently reported better-than-expected quarterly earnings, with revenue up 56.5% from the previous year, and has announced a quarterly dividend of $0.165 per share.

Select Equity Group L.P. increased its stake in Amphenol Corporation (NYSE:APH - Free Report) by 24.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 921,645 shares of the electronics maker's stock after buying an additional 179,620 shares during the quarter. Select Equity Group L.P. owned about 0.08% of Amphenol worth $60,451,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hughes Financial Services LLC purchased a new position in shares of Amphenol in the first quarter valued at $25,000. Avalon Trust Co lifted its stake in shares of 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 acquiring an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Amphenol in the first quarter worth about $28,000. Saudi Central Bank acquired a new stake in Amphenol during the 1st quarter valued at approximately $31,000. Finally, SouthState Corp acquired a new stake in Amphenol during the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

APH has been the subject of a number of recent analyst reports. Evercore ISI raised their price objective on Amphenol from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. raised their price objective on Amphenol from $120.00 to $125.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. UBS Group raised their price objective on Amphenol from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Bank of America raised their price objective on Amphenol from $110.00 to $120.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen lowered Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $105.62.

Insider Activity

In other news, CFO Craig A. Lampo sold 40,076 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $110.56, for a total value of $4,430,802.56. Following the completion of the sale, the chief financial officer directly owned 39,884 shares of the company's stock, valued at approximately $4,409,575.04. This represents a 50.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Lance E. D'amico sold 100,000 shares of the company's stock in a transaction that occurred 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 sale, the vice president directly owned 76,400 shares of the company's stock, valued at approximately $8,449,840. This represents a 56.69% decrease in their ownership of the stock. 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 ninety days. 1.67% of the stock is owned by company insiders.

Amphenol Stock Performance

Shares of NYSE:APH traded down $0.99 on Friday, reaching $118.48. 3,044,066 shares of the company's stock were exchanged, compared to its average volume of 8,457,366. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The business's 50-day moving average is $107.06 and its two-hundred day moving average is $87.68. Amphenol Corporation has a fifty-two week low of $56.45 and a fifty-two week high of $120.80. The firm has a market capitalization of $144.66 billion, a price-to-earnings ratio of 47.22, a PEG ratio of 1.91 and a beta of 1.15.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.15. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. Amphenol'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. As a group, equities research analysts forecast that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

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

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.