Amphenol (NYSE:APH) PT Raised to $124.00

Amphenol (NYSE:APH) had its target price increased by Robert W. Baird from $123.00 to $124.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the electronics maker’s stock.

Other equities analysts have also issued research reports about the company. Bank of America increased their target price on Amphenol from $117.00 to $121.00 and gave the company a buy rating in a report on Thursday, April 18th. UBS Group raised their price objective on Amphenol from $118.00 to $135.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Stifel Nicolaus raised their price objective on Amphenol from $88.00 to $95.00 and gave the stock a hold rating in a report on Thursday, January 25th. JPMorgan Chase & Co. raised their price objective on Amphenol from $118.00 to $125.00 and gave the stock an overweight rating in a report on Thursday, April 11th. Finally, Evercore ISI raised their price objective on Amphenol from $110.00 to $125.00 and gave the stock an outperform rating in a report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $118.83.

Amphenol Trading Up 2.3 %

Shares of NYSE:APH opened at $119.00 on Thursday. Amphenol has a 52 week low of $72.00 and a 52 week high of $119.59. The company’s 50 day moving average is $111.74 and its two-hundred day moving average is $99.44. The company has a current ratio of 2.06, a quick ratio of 1.48 and a debt-to-equity ratio of 0.41. The company has a market cap of $71.59 billion, a PE ratio of 36.39, a P/E/G ratio of 3.10 and a beta of 1.30.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. Amphenol’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. Equities analysts predict that Amphenol will post 3.29 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were given a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.74%. Amphenol’s payout ratio is currently 26.91%.

Amphenol announced that its Board of Directors has approved a share buyback plan on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to reacquire up to 2.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Amphenol

In related news, VP Lance E. D’amico sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $104.75, for a total value of $1,571,250.00. Following the completion of the sale, the vice president now owns 25,700 shares in the company, valued at $2,692,075. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lance E. D’amico sold 15,000 shares of Amphenol stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The disclosure for this sale can be found here. Insiders sold a total of 305,000 shares of company stock worth $31,846,050 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Frazier Financial Advisors LLC purchased a new position in shares of Amphenol during the 4th quarter worth approximately $29,000. Peoples Bank KS purchased a new position in shares of Amphenol during the 3rd quarter worth approximately $27,000. WASHINGTON TRUST Co increased its stake in shares of Amphenol by 88.2% during the 1st quarter. WASHINGTON TRUST Co now owns 320 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 150 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Amphenol by 75.5% during the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of Amphenol by 70.8% during the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 138 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Amphenol

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.