Whittier Trust Co. Boosts Stake in Amphenol Corporation $APH

Key Points

• Whittier Trust Co. increased its stake in Amphenol Corporation by 5.3%, now holding a total of 273,724 shares valued at approximately $27 million.
• Insider sales included significant transactions by VP Lance E. D’amico and CFO Craig A. Lampo, who sold 100,000 and 40,076 shares respectively, indicating notable decreases in their ownership positions.
• Various research firms have raised price targets for Amphenol, with JPMorgan Chase increasing its target from $125 to $145 and Bank of America upgrading their rating from "neutral" to "buy".

Whittier Trust Co. lifted its position in shares of Amphenol Corporation (NYSE:APH - Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,724 shares of the electronics maker's stock after acquiring an additional 13,812 shares during the quarter. Whittier Trust Co.'s holdings in Amphenol were worth $27,030,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of APH. Brighton Jones LLC boosted its stake in shares of Amphenol by 114.0% during the 4th quarter. Brighton Jones LLC now owns 17,624 shares of the electronics maker's stock worth $1,224,000 after acquiring an additional 9,390 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Amphenol by 87.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 10,094 shares of the electronics maker's stock worth $701,000 after purchasing an additional 4,721 shares during the last quarter. Bison Wealth LLC raised its position in shares of Amphenol by 8.3% during the 4th quarter. Bison Wealth LLC now owns 8,042 shares of the electronics maker's stock worth $559,000 after purchasing an additional 618 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Amphenol by 10.9% during the 1st quarter. GAMMA Investing LLC now owns 39,430 shares of the electronics maker's stock worth $2,586,000 after purchasing an additional 3,860 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Amphenol by 21.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 243,765 shares of the electronics maker's stock worth $15,989,000 after purchasing an additional 42,669 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Lance E. D'amico sold 100,000 shares of the firm's stock in a transaction on 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 sale, the vice president directly owned 76,400 shares in the company, valued at approximately $8,449,840. This trade represents a 56.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 40,076 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $110.56, for a total transaction of $4,430,802.56. Following the completion of the sale, the chief financial officer 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 disclosure for this sale can be found here. Insiders have sold a total of 665,924 shares of company stock valued at $73,369,357 over the last quarter. Company insiders own 1.67% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on APH. JPMorgan Chase & Co. increased their price objective on shares of Amphenol from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, October 16th. Barclays initiated coverage on shares of Amphenol in a report on Wednesday, October 8th. They issued an "equal weight" rating and a $120.00 price objective for the company. The Goldman Sachs Group set a $139.00 price target on shares of Amphenol and gave the company a "buy" rating in a research note on Monday, September 29th. Bank of America raised shares of Amphenol from a "neutral" rating to a "buy" rating and increased their price target for the company from $120.00 to $150.00 in a research note on Wednesday, October 15th. Finally, Citigroup reissued a "buy" rating and issued a $145.00 price target (up previously from $125.00) on shares of Amphenol in a research note on Wednesday, September 24th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $118.00.

Amphenol Stock Performance

Shares of APH stock opened at $127.71 on Tuesday. 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 $128.12. The stock has a market capitalization of $155.92 billion, a PE ratio of 50.88, a P/E/G ratio of 1.64 and a beta of 1.17. The firm has a 50 day moving average of $117.76 and a two-hundred day moving average of $99.04.

Amphenol (NYSE:APH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electronics maker reported $0.81 EPS 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 company had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.01 billion. During the same quarter last year, the company posted $0.44 EPS. The firm's 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. On average, research analysts predict that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 16th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, September 16th. Amphenol's dividend payout ratio (DPR) is currently 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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