OLD National Bancorp IN Grows Stock Holdings in Amphenol Corporation $APH

OLD National Bancorp IN grew its position in shares of Amphenol Corporation (NYSE:APH) by 292.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,381 shares of the electronics maker’s stock after acquiring an additional 12,203 shares during the period. OLD National Bancorp IN’s holdings in Amphenol were worth $2,027,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Geode Capital Management LLC raised its position in Amphenol by 8.4% during the 2nd quarter. Geode Capital Management LLC now owns 28,513,760 shares of the electronics maker’s stock valued at $2,804,338,000 after purchasing an additional 2,217,079 shares during the last quarter. Norges Bank purchased a new position in shares of Amphenol during the second quarter valued at approximately $2,104,244,000. Franklin Resources Inc. raised its holdings in shares of Amphenol by 13.4% during the second quarter. Franklin Resources Inc. now owns 12,547,006 shares of the electronics maker’s stock valued at $1,239,017,000 after acquiring an additional 1,486,105 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Amphenol by 639.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 8,758,951 shares of the electronics maker’s stock worth $574,500,000 after acquiring an additional 7,573,750 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in Amphenol by 1.1% in the first quarter. Alliancebernstein L.P. now owns 8,739,553 shares of the electronics maker’s stock valued at $573,227,000 after acquiring an additional 92,450 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Lance E. D’amico sold 120,000 shares of Amphenol stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $140.01, for a total value of $16,801,200.00. Following the completion of the sale, the vice president directly owned 76,400 shares in the company, valued at $10,696,764. The trade was a 61.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Luc Walter sold 365,118 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $134.65, for a total transaction of $49,163,138.70. Following the transaction, the insider owned 433,742 shares in the company, valued at approximately $58,403,360.30. This trade represents a 45.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,063,194 shares of company stock worth $148,244,445. 1.67% of the stock is owned by corporate insiders.

Amphenol Price Performance

Shares of NYSE APH opened at $137.10 on Wednesday. The company has a 50 day moving average of $135.54 and a 200 day moving average of $118.04. The company has a quick ratio of 1.52, a current ratio of 2.07 and a debt-to-equity ratio of 0.57. Amphenol Corporation has a twelve month low of $56.45 and a twelve month high of $144.37. The firm has a market cap of $167.81 billion, a P/E ratio of 45.70, a PEG ratio of 1.06 and a beta of 1.19.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, October 22nd. The electronics maker reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.14. The firm had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $5.54 billion. Amphenol had a return on equity of 33.46% and a net margin of 18.22%.The company’s revenue was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, research analysts expect that Amphenol Corporation will post 2.36 EPS for the current fiscal year.

Amphenol Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on APH shares. Wall Street Zen cut shares of Amphenol from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. The Goldman Sachs Group set a $154.00 price objective on shares of Amphenol and gave the stock a “buy” rating in a report on Thursday, October 23rd. Evercore ISI upped their target price on Amphenol from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Bank of America raised 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 research report on Wednesday, October 15th. Finally, Truist Financial lifted their price target on Amphenol from $147.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Ten analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $134.08.

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.