Machina Capital S.A.S. Purchases New Position in Amphenol Co. (NYSE:APH)

Machina Capital S.A.S. purchased a new stake in Amphenol Co. (NYSE:APH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,438 shares of the electronics maker's stock, valued at approximately $936,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. raised its position in shares of Amphenol by 228.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 110,298 shares of the electronics maker's stock valued at $10,934,000 after buying an additional 76,724 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Amphenol during the fourth quarter valued at approximately $3,589,000. West Coast Financial LLC raised its stake in shares of Amphenol by 65.0% in the fourth quarter. West Coast Financial LLC now owns 128,911 shares of the electronics maker's stock valued at $12,779,000 after purchasing an additional 50,778 shares in the last quarter. Cerity Partners LLC lifted its position in Amphenol by 63.4% in the fourth quarter. Cerity Partners LLC now owns 38,264 shares of the electronics maker's stock worth $3,793,000 after purchasing an additional 14,843 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Amphenol during the fourth quarter worth $2,875,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Evercore ISI lifted their target price on shares of Amphenol from $125.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday, April 25th. Citigroup upped their price objective on Amphenol from $117.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. boosted their price target on Amphenol from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, April 25th. Bank of America increased their price objective on Amphenol from $121.00 to $124.00 and gave the stock a "buy" rating in a research note on Thursday, April 25th. Finally, Truist Financial boosted their target price on shares of Amphenol from $121.00 to $136.00 and gave the company a "buy" rating in a research note on Thursday, April 25th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $118.83.

Insider Activity at Amphenol

In related news, CFO Craig A. Lampo sold 100,000 shares of the company's stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the completion of the transaction, the chief financial officer now directly owns 147,045 shares of the company's stock, valued at approximately $15,391,200.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total value of $10,467,000.00. Following the sale, the chief financial officer now directly owns 147,045 shares in the company, valued at $15,391,200.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lance E. D'amico sold 15,000 shares of the stock in a transaction 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 transaction, the vice president now owns 25,700 shares of the company's stock, valued at approximately $2,692,075. The disclosure for this sale can be found here. In the last three months, insiders sold 135,000 shares of company stock worth $14,251,050. 1.80% of the stock is owned by company insiders.

Amphenol Trading Down 0.1 %

Shares of NYSE:APH traded down $0.07 during trading on Tuesday, hitting $124.72. 3,612,107 shares of the company's stock were exchanged, compared to its average volume of 2,910,518. The firm has a 50-day moving average price of $114.25 and a two-hundred day moving average price of $101.89. Amphenol Co. has a 1-year low of $72.77 and a 1-year high of $125.65. The firm has a market cap of $74.91 billion, a P/E ratio of 38.14, a PEG ratio of 3.11 and a beta of 1.27. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share for the quarter, beating 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 company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the business posted $0.69 EPS. The firm's quarterly revenue was up 9.5% on a year-over-year basis. Equities analysts predict that Amphenol Co. will post 3.35 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders 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 dividend yield of 0.71%. The ex-dividend date of this dividend 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 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 shares are undervalued.

About Amphenol

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.