Benin Management CORP Purchases 4,910 Shares of Amphenol Co. (NYSE:APH)

Benin Management CORP boosted its position in Amphenol Co. (NYSE:APH) by 33.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,416 shares of the electronics maker’s stock after acquiring an additional 4,910 shares during the period. Benin Management CORP’s holdings in Amphenol were worth $1,348,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in APH. Harel Insurance Investments & Financial Services Ltd. bought a new position in Amphenol in the 4th quarter worth approximately $76,000. Exchange Traded Concepts LLC grew its position in shares of Amphenol by 68.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 54,965 shares of the electronics maker’s stock valued at $3,817,000 after purchasing an additional 22,386 shares in the last quarter. Berbice Capital Management LLC bought a new stake in shares of Amphenol during the 4th quarter valued at $83,000. Private Capital Advisors Inc. purchased a new stake in Amphenol during the 4th quarter worth about $16,596,000. Finally, Cornerstone Wealth Management LLC boosted its stake in Amphenol by 2.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 7,592 shares of the electronics maker’s stock worth $527,000 after purchasing an additional 200 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

NYSE:APH opened at $77.10 on Friday. Amphenol Co. has a 1-year low of $49.38 and a 1-year high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.33. The business has a 50 day moving average of $71.98 and a 200 day moving average of $67.93. The company has a market capitalization of $92.95 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 2.12 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4,051,810 billion. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The firm’s revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. On average, sell-side analysts predict that Amphenol Co. will post 2.17 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date was Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is presently 34.46%.

Insider Buying and Selling

In other news, CFO Craig A. Lampo sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the transaction, the chief financial officer now directly owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock worth $128,858,080 in the last ninety days. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APH. Evercore ISI increased their price target on shares of Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Citigroup increased their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. TD Cowen boosted their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a “hold” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Robert W. Baird lifted their price objective on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.92.

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.