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

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

Analyst Ratings Changes

APH has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on Amphenol from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, April 25th. Bank of America increased their target price on Amphenol from $121.00 to $124.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. Evercore ISI increased their target price on Amphenol from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, April 25th. UBS Group increased their target price on Amphenol from $135.00 to $138.00 and gave the company a "buy" rating in a research report on Thursday, April 25th. Finally, Stifel Nicolaus increased their target price on Amphenol from $88.00 to $95.00 and gave the company a "hold" rating in a research report on Thursday, January 25th. Four 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 has an average rating of "Moderate Buy" and a consensus target price of $118.83.

Amphenol Stock Up 1.8 %

The firm has a market capitalization of $74.95 billion, a price-to-earnings ratio of 38.16, a P/E/G ratio of 3.11 and a beta of 1.27. The business has a 50 day simple moving average of $113.91 and a 200-day simple moving average of $101.58. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06.

Amphenol (NYSE:APH - Get Free Report) last issued its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the company earned $0.69 EPS. The company's revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts expect that Amphenol Co. will post 3.35 EPS for the current year.

Amphenol Announces Dividend

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

Amphenol announced that its Board of Directors has initiated a share repurchase program on Wednesday, April 24th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the electronics maker to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Insider Buying and Selling

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 stock was sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the completion of the transaction, the vice president now directly owns 25,700 shares in the company, valued at approximately $2,692,075. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Lance E. D'amico sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.75, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Peter Straub sold 20,000 shares of the business's 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 valued at $14,251,050. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Amphenol

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its holdings in Amphenol by 1.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 28,057 shares of the electronics maker's stock worth $2,357,000 after acquiring an additional 340 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings 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 worth $890,000 after acquiring an additional 1,468 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings 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 worth $10,958,000 after acquiring an additional 2,125 shares during the period. Strs Ohio boosted its holdings in Amphenol by 2.0% in 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 period. Finally, First Merchants Corp boosted 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 valued at $10,707,000 after buying an additional 2,297 shares during the last quarter. Institutional investors and hedge funds 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.