Amphenol Corporation $APH Shares Acquired by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. significantly increased its stake in Amphenol Corporation by 196.3%, owning approximately 1.38% of the company worth about $1.1 billion after a purchase of over 11 million shares.
• Multiple research firms have raised their price targets for Amphenol, with Citigroup predicting a target of $125.00 and eight analysts rating the stock as a Buy.
• Amphenol recently announced a quarterly dividend of $0.165 per share, reflecting a 0.6% annual yield, with an ex-dividend date of September 16th.

T. Rowe Price Investment Management Inc. raised its holdings in Amphenol Corporation (NYSE:APH - Free Report) by 196.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,743,239 shares of the electronics maker's stock after acquiring an additional 11,092,282 shares during the period. Amphenol makes up approximately 0.7% of T. Rowe Price Investment Management Inc.'s investment portfolio, making the stock its 25th largest position. T. Rowe Price Investment Management Inc. owned about 1.38% of Amphenol worth $1,098,190,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of APH. Hughes Financial Services LLC acquired a new stake in Amphenol in the 1st quarter valued at about $25,000. Avalon Trust Co raised its holdings in 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 during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Amphenol in the 1st quarter valued at about $28,000. SouthState Corp acquired a new stake in Amphenol in the 1st quarter valued at about $36,000. Finally, Global X Japan Co. Ltd. acquired a new stake in Amphenol in the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on APH shares. KGI Securities began coverage on shares of Amphenol in a report on Thursday, June 26th. They issued a "hold" rating for the company. Bank of America raised their price target on shares of Amphenol from $110.00 to $120.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Industrial Alliance Securities set a $115.00 price target on shares of Amphenol in a report on Friday, July 11th. Citigroup raised their price target on shares of Amphenol from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Amphenol from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $105.62.

Amphenol Trading Up 0.5%

Amphenol stock traded up $0.5040 during trading on Friday, hitting $109.3140. The company had a trading volume of 7,552,440 shares, compared to its average volume of 7,896,059. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $112.35. The company has a current ratio of 2.02, a quick ratio of 1.46 and a debt-to-equity ratio of 0.61. The company's 50 day simple moving average is $102.54 and its 200-day simple moving average is $83.55. The stock has a market cap of $133.46 billion, a price-to-earnings ratio of 43.55, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13.

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

Amphenol Announces Dividend

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

Insider Transactions at Amphenol

In related news, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $88.79, for a total value of $3,551,600.00. Following the completion of the sale, the vice president owned 152,412 shares in the company, valued at approximately $13,532,661.48. This trade represents a 20.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lance E. D'amico sold 100,000 shares of Amphenol stock in a transaction that occurred on Monday, August 18th. The shares were 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 owned 76,400 shares of the company's stock, valued at $8,449,840. This trade represents a 56.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 912,000 shares of company stock worth $88,763,320 in the last three months. Company insiders own 1.67% of the company's stock.

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.