Amphenol Corporation $APH Stock Position Increased by Fifth Third Wealth Advisors LLC

by · The Markets Daily

Fifth Third Wealth Advisors LLC grew its position in Amphenol Corporation (NYSE:APH – Free Report) by 24.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,566 shares of the electronics maker’s stock after purchasing an additional 5,853 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Amphenol were worth $3,659,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in APH. Financial Management Professionals Inc. grew its holdings in Amphenol by 82.6% in the 3rd quarter. Financial Management Professionals Inc. now owns 199 shares of the electronics maker’s stock worth $25,000 after buying an additional 90 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Amphenol during the 2nd quarter worth $25,000. Riggs Asset Managment Co. Inc. grew its stake in shares of Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 168 shares in the last quarter. Howard Hughes Medical Institute acquired a new position in shares of Amphenol during the second quarter valued at $26,000. Finally, Evolution Wealth Management Inc. bought a new stake in shares of Amphenol during the second quarter valued at about $31,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

APH has been the topic of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research note on Wednesday, October 8th. Bank of America upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and increased their price objective for the company from $120.00 to $150.00 in a report on Wednesday, October 15th. UBS Group set a $152.00 target price on Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Wall Street Zen downgraded Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, Citigroup lifted their price target on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average target price of $134.08.

Read Our Latest Analysis on Amphenol

Amphenol Trading Up 3.3%

Shares of NYSE:APH opened at $139.63 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.07. The stock has a market capitalization of $170.91 billion, a price-to-earnings ratio of 46.54, a PEG ratio of 0.90 and a beta of 1.21. Amphenol Corporation has a 1-year low of $56.45 and a 1-year high of $144.37. The company has a 50 day moving average price of $136.90 and a 200 day moving average price of $120.33.

Amphenol (NYSE:APH – Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.14. The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The firm’s revenue was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.50 earnings per share. Amphenol has set its FY 2025 guidance at 3.260-3.280 EPS and its Q4 2025 guidance at 0.890-0.910 EPS. On average, research analysts anticipate that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 16th will be given a $0.25 dividend. This is a positive change from Amphenol’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Amphenol’s dividend payout ratio is 33.33%.

Insider Transactions at Amphenol

In other Amphenol news, insider William J. Doherty sold 80,000 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $141.04, for a total transaction of $11,283,200.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP David M. Silverman sold 120,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $141.17, for a total transaction of $16,940,400.00. Following the completion of the transaction, the vice president owned 12,500 shares of the company’s stock, valued at approximately $1,764,625. The trade was a 90.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,063,194 shares of company stock worth $148,244,445 in the last three months. Insiders own 1.67% of the company’s stock.

Amphenol Profile

(Free Report)

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.

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