Legal & General Group Plc Decreases Stock Holdings in Amphenol Corporation $APH

Legal & General Group Plc reduced its stake in shares of Amphenol Corporation (NYSE:APH) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,314,178 shares of the electronics maker’s stock after selling 19,960 shares during the quarter. Legal & General Group Plc’s holdings in Amphenol were worth $1,123,578,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tucker Asset Management LLC purchased a new position in Amphenol during the 4th quarter worth $26,000. Board of the Pension Protection Fund purchased a new stake in shares of Amphenol in the fourth quarter valued at about $27,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Amphenol in the fourth quarter valued at about $29,000. Towne Trust Company N.A purchased a new stake in shares of Amphenol in the fourth quarter valued at about $34,000. Finally, Riggs Asset Managment Co. Inc. boosted its holdings 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 valued at $25,000 after acquiring an additional 168 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Up 0.2%

Shares of NYSE APH opened at $132.31 on Monday. Amphenol Corporation has a 12-month low of $83.44 and a 12-month high of $167.04. The company has a market capitalization of $162.77 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 1.16 and a beta of 1.29. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26. The firm’s 50-day moving average is $134.48 and its two-hundred day moving average is $138.61.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.11. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. The company had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $7.08 billion. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The company’s revenue for the quarter was up 58.4% compared to the same quarter last year. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Equities analysts anticipate that Amphenol Corporation will post 4.76 EPS for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 23rd. Amphenol’s payout ratio is currently 28.74%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Truist Financial boosted their price objective on shares of Amphenol from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. The Goldman Sachs Group boosted their price objective on shares of Amphenol from $184.00 to $201.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. BNP Paribas Exane boosted their price objective on shares of Amphenol from $185.00 to $195.00 in a report on Friday, May 1st. Rothschild & Co Redburn boosted their price objective on shares of Amphenol from $160.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Amphenol in a report on Monday, April 20th. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $176.53.

Insider Buying and Selling at Amphenol

In other news, CEO Richard Adam Norwitt sold 61,072 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $143.90, for a total value of $8,788,260.80. Following the completion of the transaction, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at $277,368,257.30. The trade was a 3.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 130,775 shares of company stock valued at $18,709,350 over the last ninety days. Insiders own 1.42% of the company’s stock.

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.