Amphenol (NYSE:APH) Reaches New 12-Month High at $124.41

Amphenol Co. (NYSE:APH)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $124.41 and last traded at $124.47, with a volume of 267513 shares trading hands. The stock had previously closed at $122.64.

Analyst Ratings Changes

Several analysts have recently weighed in on APH shares. Truist Financial raised their price objective on shares of Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Jefferies Financial Group initiated coverage on Amphenol in a report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price target for the company. Robert W. Baird boosted their price objective on Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Bank of America raised their target price on Amphenol from $121.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, UBS Group upped their price target on shares of Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and an average price target of $118.83.

Amphenol Stock Up 1.8 %

The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41. The company has a market cap of $74.95 billion, a P/E ratio of 37.50, a price-to-earnings-growth ratio of 3.11 and a beta of 1.27. The firm’s 50 day moving average price is $113.58 and its 200-day moving average price is $101.27.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.07. The firm had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period last year, the firm earned $0.69 earnings per share. As a group, equities research analysts expect that Amphenol Co. will post 3.35 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.71%. Amphenol’s dividend payout ratio is presently 26.91%.

Amphenol declared that its Board of Directors has initiated a share buyback program on Wednesday, April 24th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Amphenol

In related news, insider Peter Straub sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were 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 SEC, which can be accessed through this link. In other news, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the transaction, the chief financial officer now owns 147,045 shares in the company, valued at approximately $15,391,200.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter Straub sold 20,000 shares of the 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 135,000 shares of company stock worth $14,251,050. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased its holdings in Amphenol by 1.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 28,057 shares of the electronics maker’s stock worth $2,357,000 after purchasing an additional 340 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Amphenol by 16.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 10,601 shares of the electronics maker’s stock valued at $890,000 after buying an additional 1,468 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Amphenol by 1.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 130,468 shares of the electronics maker’s stock valued at $10,958,000 after acquiring an additional 2,125 shares in the last quarter. Strs Ohio boosted its position in Amphenol by 2.0% during the 3rd quarter. Strs Ohio now owns 153,594 shares of the electronics maker’s stock worth $12,900,000 after acquiring an additional 3,073 shares during the last quarter. Finally, First Merchants Corp grew its stake in shares of Amphenol by 1.8% during the 3rd quarter. First Merchants Corp now owns 127,482 shares of the electronics maker’s stock worth $10,707,000 after acquiring an additional 2,297 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.