Shell Asset Management Co. Decreases Holdings in Amphenol Corporation $APH

Key Points

• Shell Asset Management Co. reduced its stake in Amphenol Corporation by 5.8%, owning 139,290 shares valued at approximately $13.76 million after selling 8,542 shares in the second quarter.
• Several institutional investors increased their holdings in Amphenol, with Vanguard Group raising its stake by 1.9% and T. Rowe Price increasing its stake by 196.3%, contributing to institutional investors owning 97.01% of the company.
• Amphenol announced a quarterly dividend of $0.165 per share, set to be paid on October 8th, with an annualized yield of 0.5%.

Shell Asset Management Co. reduced its stake in Amphenol Corporation (NYSE:APH - Free Report) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 139,290 shares of the electronics maker's stock after selling 8,542 shares during the period. Shell Asset Management Co.'s holdings in Amphenol were worth $13,755,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 2,870,933 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Amphenol by 196.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 16,743,239 shares of the electronics maker's stock valued at $1,098,190,000 after purchasing an additional 11,092,282 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Amphenol by 73.5% during the first quarter. Wellington Management Group LLP now owns 12,168,971 shares of the electronics maker's stock worth $798,163,000 after purchasing an additional 5,154,860 shares during the period. Invesco Ltd. grew its position in Amphenol by 1.6% in the 1st quarter. Invesco Ltd. now owns 9,198,997 shares of the electronics maker's stock valued at $603,362,000 after buying an additional 141,069 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Amphenol by 639.0% in the first 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 valued at $574,500,000 after acquiring an additional 7,573,750 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity

In other Amphenol news, VP David M. Silverman sold 100,000 shares of the 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 transaction, the vice president directly owned 12,500 shares in the company, valued at $1,380,250. This represents a 88.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Craig A. Lampo sold 199,848 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $110.43, for a total transaction of $22,069,214.64. Following the completion of the sale, the chief financial officer directly owned 125,695 shares of the company's stock, valued at $13,880,498.85. The trade was a 61.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 665,924 shares of company stock worth $73,369,357. 1.67% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on APH shares. Industrial Alliance Securities set a $115.00 price objective on Amphenol in a report on Friday, July 11th. Bank of America upped their price objective on Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Citigroup reissued a "buy" rating and issued a $145.00 target price (up previously from $125.00) on shares of Amphenol in a report on Wednesday, September 24th. Truist Financial increased their target price on shares of Amphenol from $102.00 to $126.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Amphenol in a report on Saturday, September 27th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $111.92.

Amphenol Trading Up 1.0%

APH stock opened at $123.48 on Tuesday. Amphenol Corporation has a 52 week low of $56.45 and a 52 week high of $126.06. The company has a market cap of $150.76 billion, a price-to-earnings ratio of 49.20, a PEG ratio of 1.96 and a beta of 1.17. 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 has a fifty day simple moving average of $114.25 and a 200-day simple moving average of $94.92.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results 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. Amphenol had a return on equity of 30.58% and a net margin of 16.90%.The business 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 EPS. The company's revenue for the quarter was up 56.5% on a year-over-year basis. Amphenol has set its Q3 2025 guidance at 0.770-0.790 EPS. On average, equities research analysts expect that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Dividend Announcement

The company also recently declared 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. 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 presently 26.29%.

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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