Fulton Bank N.A. Sells 10,301 Shares of Amphenol Corporation $APH

Fulton Bank N.A. lessened its holdings in shares of Amphenol Corporation (NYSE:APH) by 12.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,936 shares of the electronics maker’s stock after selling 10,301 shares during the quarter. Fulton Bank N.A.’s holdings in Amphenol were worth $8,902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Financiere des Professionnels Fonds d investissement inc. raised its holdings in Amphenol by 23.4% during the 3rd quarter. Financiere des Professionnels Fonds d investissement inc. now owns 117,115 shares of the electronics maker’s stock valued at $14,493,000 after acquiring an additional 22,184 shares during the period. Simon Quick Advisors LLC raised its stake in shares of Amphenol by 10.0% during the 3rd quarter. Simon Quick Advisors LLC now owns 3,002 shares of the electronics maker’s stock valued at $372,000 after purchasing an additional 274 shares during the period. Signaturefd LLC lifted its holdings in Amphenol by 1.7% during the 3rd quarter. Signaturefd LLC now owns 41,211 shares of the electronics maker’s stock worth $5,100,000 after purchasing an additional 693 shares in the last quarter. GAM Holding AG grew its holdings in Amphenol by 3.5% during the 3rd quarter. GAM Holding AG now owns 70,805 shares of the electronics maker’s stock valued at $8,762,000 after buying an additional 2,401 shares in the last quarter. Finally, Brown Miller Wealth Management LLC increased its position in shares of Amphenol by 10.4% during the third quarter. Brown Miller Wealth Management LLC now owns 4,539 shares of the electronics maker’s stock valued at $562,000 after buying an additional 428 shares during the period. Institutional investors own 97.01% of the company’s stock.

Insider Activity

In other news, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $140.01, for a total value of $16,801,200.00. Following the transaction, the vice president owned 76,400 shares in the company, valued at approximately $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David M. Silverman sold 120,000 shares of Amphenol stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $141.17, for a total value of $16,940,400.00. Following the completion of the transaction, the vice president directly owned 12,500 shares in the company, valued at $1,764,625. This trade represents a 90.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,063,194 shares of company stock valued at $148,244,445. Company insiders own 1.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on APH shares. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, October 23rd. Truist Financial raised their price target on shares of Amphenol from $147.00 to $180.00 and gave the company a “buy” rating in a report on Friday, December 19th. UBS Group set a $152.00 price target on shares of Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Robert W. Baird set a $139.00 price objective on Amphenol and gave the company an “outperform” rating in a research note on Friday, October 10th. Finally, The Goldman Sachs Group set a $154.00 target price on Amphenol and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Amphenol has a consensus rating of “Moderate Buy” and a consensus target price of $134.08.

Amphenol Trading Up 3.3%

NYSE APH opened at $139.63 on Friday. The stock’s 50-day simple moving average is $136.90 and its two-hundred day simple moving average is $120.14. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $144.37. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $170.91 billion, a price-to-earnings ratio of 46.54, a PEG ratio of 0.87 and a beta of 1.19.

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

Amphenol Increases Dividend

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

Amphenol Company 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.