Amphenol Corporation $APH Shares Purchased by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. increased its stake in shares of Amphenol Corporation (NYSE:APH) by 4.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 173,509 shares of the electronics maker’s stock after purchasing an additional 7,168 shares during the period. Amphenol makes up approximately 1.7% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 11th largest position. Penobscot Investment Management Company Inc.’s holdings in Amphenol were worth $21,472,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Amphenol

In related news, CFO Craig A. Lampo sold 40,076 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $143.50, for a total transaction of $5,750,906.00. Following the completion of the sale, the chief financial officer owned 39,884 shares in the company, valued at $5,723,354. The trade was a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Luc Walter sold 365,118 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $134.65, for a total value of $49,163,138.70. Following the completion of the transaction, the insider directly owned 433,742 shares of the company’s stock, valued at $58,403,360.30. This trade represents a 45.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,063,194 shares of company stock worth $148,244,445. 1.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

APH has been the topic of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a research report on Wednesday, October 8th. Bank of America upgraded shares of Amphenol from a “neutral” rating to a “buy” rating and increased their target price for the stock from $120.00 to $150.00 in a report on Wednesday, October 15th. JPMorgan Chase & Co. boosted their price target on shares of Amphenol from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Robert W. Baird set a $139.00 price objective on Amphenol and gave the stock an “outperform” rating in a research report on Friday, October 10th. Finally, Citigroup lifted their target price on Amphenol from $145.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Amphenol has an average rating of “Moderate Buy” and an average target price of $134.08.

Amphenol Price Performance

Shares of APH opened at $139.63 on Friday. The firm 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. The firm’s fifty day simple moving average is $136.90 and its 200-day simple moving average is $120.33. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $144.37. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.54 billion. Amphenol had a net margin of 18.22% and a return on equity of 33.46%. The company’s 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 and its Q4 2025 guidance at 0.890-0.910 EPS. Equities analysts forecast that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, December 16th. This is an increase from Amphenol’s previous quarterly dividend of $0.17. Amphenol’s dividend payout ratio (DPR) is currently 33.33%.

Amphenol Profile

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.