Amphenol (NYSE:APH) PT Raised to $124.00

Amphenol (NYSE:APH) had its price objective lifted by Bank of America from $121.00 to $124.00 in a research report report published on Thursday morning, Benzinga reports. Bank of America currently has a buy rating on the electronics maker’s stock.

Several other research analysts have also commented on APH. UBS Group raised their price objective on Amphenol from $135.00 to $138.00 and gave the company a buy rating in a research report on Thursday. Citigroup raised their target price on Amphenol from $117.00 to $135.00 and gave the company a buy rating in a research note on Thursday, April 4th. Stifel Nicolaus raised their target price on Amphenol from $88.00 to $95.00 and gave the company a hold rating in a research note on Thursday, January 25th. The Goldman Sachs Group raised their target price on Amphenol from $107.00 to $119.00 and gave the company a buy rating in a research note on Thursday, January 25th. Finally, Jefferies Financial Group assumed coverage on Amphenol in a research note on Tuesday, April 9th. They set a hold rating and a $125.00 target price for the company. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $118.83.

Amphenol Trading Up 1.2 %

NYSE:APH opened at $120.49 on Thursday. The business’s 50-day moving average is $112.04 and its two-hundred day moving average is $99.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.48. Amphenol has a 12 month low of $72.77 and a 12 month high of $121.25. The firm has a market capitalization of $72.48 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 3.17 and a beta of 1.30.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the company posted $0.69 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. Research analysts predict that Amphenol will post 3.34 earnings per share for the current fiscal year.

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

Amphenol Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were paid 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 0.73%. Amphenol’s dividend payout ratio (DPR) is 26.91%.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total value of $17,595,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amphenol news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total value of $2,212,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. 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 ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Hedge funds have recently made changes to their positions in the business. Frazier Financial Advisors LLC bought a new stake in shares of Amphenol during the fourth quarter valued at approximately $29,000. Peoples Bank KS bought a new stake in shares of Amphenol during the third quarter valued at approximately $27,000. WASHINGTON TRUST Co raised its holdings in shares of Amphenol by 88.2% during the first quarter. WASHINGTON TRUST Co now owns 320 shares of the electronics maker’s stock valued at $37,000 after buying an additional 150 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Amphenol by 75.5% during the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock valued at $33,000 after buying an additional 142 shares during the last quarter. Finally, Avior Wealth Management LLC raised its holdings in Amphenol by 70.8% during the fourth 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. 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.