ING Groep NV Purchases 336,702 Shares of Amphenol Corporation $APH

ING Groep NV lifted its position in shares of Amphenol Corporation (NYSE:APH) by 254.8% in the 4th quarter, Holdings Channel reports. The fund owned 468,838 shares of the electronics maker’s stock after buying an additional 336,702 shares during the quarter. ING Groep NV’s holdings in Amphenol were worth $63,359,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Tucker Asset Management LLC purchased a new stake in Amphenol during the 4th quarter worth about $26,000. Board of the Pension Protection Fund purchased a new stake in Amphenol during the 4th quarter worth about $27,000. Lloyd Advisory Services LLC. purchased a new stake in Amphenol during the 4th quarter worth about $29,000. Tacita Capital Inc lifted its holdings in Amphenol by 145.6% during the 4th quarter. Tacita Capital Inc now owns 221 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Finally, Towne Trust Company N.A purchased a new stake in Amphenol during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 5.4%

Shares of APH opened at $138.84 on Friday. The firm has a market cap of $170.80 billion, a P/E ratio of 39.90, a P/E/G ratio of 1.22 and a beta of 1.27. The stock has a 50 day simple moving average of $137.03 and a two-hundred day simple moving average of $138.94. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26. Amphenol Corporation has a 1 year low of $91.06 and a 1 year high of $167.04.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, topping 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%.Amphenol’s revenue for the quarter was up 58.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. On average, analysts forecast that Amphenol Corporation will post 4.76 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $1.00 annualized dividend and a yield of 0.7%. Amphenol’s dividend payout ratio is currently 28.74%.

Insider Transactions at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total value of $2,506,175.00. Following the completion of the sale, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 130,775 shares of company stock valued at $18,709,350 over the last ninety days. 1.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on APH. BNP Paribas Exane increased their price objective on Amphenol from $195.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Evercore reissued an “outperform” rating on shares of Amphenol in a report on Wednesday, May 27th. Piper Sandler set a $165.00 price objective on Amphenol in a report on Tuesday, March 17th. Barclays reissued an “overweight” rating and set a $180.00 price objective (up from $175.00) on shares of Amphenol in a report on Monday, May 4th. Finally, Truist Financial increased their price objective on Amphenol from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $176.87.

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.