Amphenol’s (APH) “Hold” Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Amphenol (NYSE:APH) in a research report sent to investors on Thursday, Benzinga reports.

Other equities research analysts also recently issued reports about the stock. Bank of America lifted their price target on shares of Amphenol from $68.50 to $72.00 and gave the company a buy rating in a research note on Friday, May 17th. JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $62.50 to $65.00 and gave the stock an overweight rating in a research report on Thursday, April 25th. Robert W. Baird boosted their target price on shares of Amphenol from $61.50 to $62.00 and gave the stock an outperform rating in a research report on Thursday, April 25th. UBS Group boosted their target price on shares of Amphenol from $67.50 to $69.00 and gave the stock a buy rating in a research report on Thursday, April 25th. Finally, Citigroup boosted their target price on shares of Amphenol from $67.50 to $80.00 and gave the stock a buy rating in a research report on Tuesday, May 28th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $63.42.

Amphenol Price Performance

Shares of NYSE APH opened at $68.27 on Thursday. Amphenol has a twelve month low of $39.34 and a twelve month high of $69.29. The firm has a fifty day simple moving average of $62.85 and a 200 day simple moving average of $55.51. The company has a market capitalization of $82.01 billion, a PE ratio of 41.76, a P/E/G ratio of 3.21 and a beta of 1.26. The company has a quick ratio of 1.43, a current ratio of 2.06 and a debt-to-equity ratio of 0.41.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. On average, sell-side analysts forecast that Amphenol will post 1.7 EPS for the current year.

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.29%. The ex-dividend date is Tuesday, June 18th. Amphenol’s dividend payout ratio (DPR) is presently 26.91%.

Amphenol declared that its board has authorized a share buyback plan on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to repurchase 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 Buying and Selling at Amphenol

In related news, insider Luc Walter sold 230,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $67.57, for a total transaction of $15,541,100.00. Following the sale, the insider now owns 397,280 shares of the company’s stock, valued at approximately $26,844,209.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

A number of hedge funds and other institutional investors have recently bought and sold shares of APH. American Trust increased its holdings in shares of Amphenol by 1.6% in the 1st quarter. American Trust now owns 35,634 shares of the electronics maker’s stock worth $4,110,000 after buying an additional 571 shares during the last quarter. Clear Rock Advisors LLC boosted its stake in shares of Amphenol by 0.9% in the 1st quarter. Clear Rock Advisors LLC now owns 33,390 shares of the electronics maker’s stock valued at $3,852,000 after purchasing an additional 297 shares in the last quarter. Railway Pension Investments Ltd boosted its stake in shares of Amphenol by 63.9% in the 1st quarter. Railway Pension Investments Ltd now owns 55,400 shares of the electronics maker’s stock valued at $6,390,000 after purchasing an additional 21,600 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Amphenol by 7.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,069,919 shares of the electronics maker’s stock valued at $122,507,000 after purchasing an additional 70,517 shares in the last quarter. Finally, Cetera Advisors LLC boosted its stake in shares of Amphenol by 511.9% in the 1st quarter. Cetera Advisors LLC now owns 25,677 shares of the electronics maker’s stock valued at $2,962,000 after purchasing an additional 21,481 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Company Profile

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.