Tributary Capital Management LLC Lowers Stake in Amphenol Corporation $APH

Key Points

• Tributary Capital Management LLC reduced its stake in Amphenol Corporation by 26.5%, now owning 6,945 shares valued at approximately $686,000.
• Amphenol recently reported a 53.4% increase in quarterly revenue compared to the previous year, achieving earnings per share of $0.93, exceeding consensus estimates.
• The company announced a dividend increase to $0.25 per share, set to be paid on January 7th, reflecting a growing commitment to shareholder returns.

Tributary Capital Management LLC reduced its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 26.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,945 shares of the electronics maker's stock after selling 2,500 shares during the quarter. Tributary Capital Management LLC's holdings in Amphenol were worth $686,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hughes Financial Services LLC purchased a new stake in shares of Amphenol during the 1st quarter worth about $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Amphenol during the 2nd quarter worth about $25,000. Avalon Trust Co lifted its stake 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 buying an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Amphenol in the 1st quarter valued at about $28,000. Finally, Saudi Central Bank purchased a new position in Amphenol in the 1st quarter valued at about $31,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 completion of the sale, the vice president owned 12,500 shares in the company, valued at $1,380,250. This represents a 88.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William J. Doherty sold 113,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $108.89, for a total transaction of $12,304,570.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 665,924 shares of company stock worth $73,369,357. 1.67% of the stock is currently owned by company insiders.

Amphenol Stock Up 3.6%

Shares of NYSE APH opened at $128.95 on Thursday. The business's 50 day moving average is $118.40 and its two-hundred day moving average is $99.42. The firm has a market cap of $157.44 billion, a price-to-earnings ratio of 51.38, a PEG ratio of 1.63 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. Amphenol Corporation has a 52-week low of $56.45 and a 52-week high of $135.94.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping the consensus estimate of $0.79 by $0.14. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. Amphenol had a net margin of 16.90% and a return on equity of 30.58%. The company's quarterly revenue was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS. Q4 2025 guidance at 0.890-0.910 EPS. Research analysts predict that Amphenol Corporation will post 2.36 EPS for the current year.

Amphenol Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, December 16th. This is an increase from Amphenol's previous quarterly dividend of $0.17. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Amphenol's payout ratio is presently 26.29%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Citigroup reaffirmed a "buy" rating and issued a $145.00 price target (up from $125.00) on shares of Amphenol in a research note on Wednesday, September 24th. Evercore ISI raised their target price on shares of Amphenol from $120.00 to $150.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Amphenol in a research note on Wednesday, October 8th. Barclays started coverage on shares of Amphenol in a research note on Wednesday, October 8th. They issued an "equal weight" rating and a $120.00 target price on the stock. Finally, Wall Street Zen lowered shares of Amphenol from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $118.00.

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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