Amphenol Corporation $APH Position Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in Amphenol Corporation (NYSE:APH) by 7.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,312,088 shares of the electronics maker’s stock after selling 1,398,045 shares during the period. Bank of New York Mellon Corp’s holdings in Amphenol were worth $2,061,032,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR raised its position in shares of Amphenol by 20.2% during the fourth quarter. Generali Asset Management SPA SGR now owns 87,072 shares of the electronics maker’s stock worth $11,767,000 after purchasing an additional 14,612 shares during the period. Praxis Investment Management Inc. boosted its position in shares of Amphenol by 86.3% in the 4th quarter. Praxis Investment Management Inc. now owns 26,986 shares of the electronics maker’s stock valued at $3,647,000 after purchasing an additional 12,502 shares during the period. Principal Financial Group Inc. boosted its position in shares of Amphenol by 2.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,750,490 shares of the electronics maker’s stock valued at $371,704,000 after purchasing an additional 70,938 shares during the period. CGN Advisors LLC purchased a new position in Amphenol in the 4th quarter worth about $1,592,000. Finally, Global Retirement Partners LLC raised its holdings in Amphenol by 110.5% during the 4th quarter. Global Retirement Partners LLC now owns 18,689 shares of the electronics maker’s stock worth $2,526,000 after buying an additional 9,812 shares during the period. 97.01% of the stock is owned by institutional investors.

Amphenol Price Performance

APH opened at $157.43 on Thursday. The stock has a fifty day moving average price of $149.00 and a 200 day moving average price of $143.85. The company has a current ratio of 1.71, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. Amphenol Corporation has a 1 year low of $95.19 and a 1 year high of $178.52. The stock has a market cap of $193.68 billion, a price-to-earnings ratio of 45.24, a PEG ratio of 1.39 and a beta of 1.24.

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. The business had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.08 billion. Amphenol had a return on equity of 37.44% and a net margin of 17.24%.The firm’s revenue was up 58.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 EPS. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Analysts forecast that Amphenol Corporation will post 4.76 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd were paid a $0.25 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Amphenol’s payout ratio is 28.74%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on APH. Jefferies Financial Group upped their price objective on shares of Amphenol from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Robert W. Baird set a $177.00 price target on shares of Amphenol in a report on Thursday, April 30th. Citigroup restated a “buy” rating and issued a $195.00 price target (up from $180.00) on shares of Amphenol in a research report on Monday. Barclays reiterated an “overweight” rating and set a $200.00 price objective (up from $198.00) on shares of Amphenol in a research report on Monday. Finally, Evercore reissued an “outperform” rating on shares of Amphenol in a research note on Wednesday, May 27th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $186.00.

Insider Buying and Selling

In other news, CEO Richard Adam Norwitt sold 17,500 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the transaction, the chief executive officer owned 1,927,507 shares in the company, valued at $276,038,277.47. This represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 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.

About Amphenol

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.