Manning & Napier Advisors LLC Decreases Stock Holdings in Amphenol Corporation $APH

Manning & Napier Advisors LLC lessened its holdings in Amphenol Corporation (NYSE:APH) by 12.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 474,682 shares of the electronics maker’s stock after selling 66,081 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Amphenol were worth $59,976,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC boosted its position in shares of Amphenol by 163.8% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 182 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 113 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in shares of Amphenol during the 4th quarter worth about $26,000. Board of the Pension Protection Fund purchased a new stake in Amphenol during the fourth quarter worth approximately $27,000. Lloyd Advisory Services LLC. acquired a new position in Amphenol in the fourth quarter valued at approximately $29,000. Finally, HHM Wealth Advisors LLC acquired a new position in Amphenol in the first quarter valued at approximately $27,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of Amphenol from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. BNP Paribas Exane upped their target price on shares of Amphenol from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amphenol in a research report on Monday, April 20th. Citigroup reissued a “buy” rating and issued a $180.00 price target (up from $170.00) on shares of Amphenol in a research report on Thursday, April 30th. Finally, Rothschild & Co Redburn upped their price objective on shares of Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $185.57.

Insider Buying and Selling

In other news, CEO Richard Adam Norwitt sold 61,072 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at approximately $277,368,257.30. This represents a 3.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 130,775 shares of company stock valued at $18,709,350 in the last quarter. Insiders own 1.42% of the company’s stock.

Amphenol Stock Performance

NYSE APH traded down $3.13 on Friday, reaching $159.11. The stock had a trading volume of 5,948,422 shares, compared to its average volume of 7,909,821. The stock has a market cap of $195.74 billion, a P/E ratio of 45.72, a price-to-earnings-growth ratio of 1.42 and a beta of 1.24. Amphenol Corporation has a 12-month low of $95.19 and a 12-month high of $178.52. The business’s 50-day moving average price is $148.01 and its 200 day moving average price is $143.38. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71.

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

Amphenol Announces Dividend

The firm also recently disclosed 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 is Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Amphenol’s payout ratio is currently 28.74%.

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.