Amphenol (NYSE:APH) Shares Gap Up to $114.26

Amphenol Co. (NYSE:APH) shares gapped up before the market opened on Wednesday . The stock had previously closed at $114.26, but opened at $119.19. Amphenol shares last traded at $117.73, with a volume of 1,518,417 shares traded.

Wall Street Analyst Weigh In

APH has been the subject of several recent analyst reports. Citigroup upped their target price on shares of 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. upped their target price on shares of Amphenol from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Evercore ISI increased their price objective on Amphenol from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, March 25th. Robert W. Baird increased their price target on Amphenol from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, UBS Group raised their price target on Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.75.

Amphenol Stock Up 1.7 %

The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $111.23 and a two-hundred day moving average price of $99.18. The company has a market cap of $69.87 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of 3.00 and a beta of 1.30.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Amphenol Co. will post 3.28 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were paid a dividend of $0.22 per share. 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 0.76%. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

Insider Activity

In related news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction 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 legal filing with the SEC, which is available at this hyperlink. In related news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction 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 three months, insiders sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Peoples Bank KS acquired a new stake in shares of Amphenol during the third quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new position in shares of Amphenol in the fourth quarter worth approximately $29,000. Mendota Financial Group LLC acquired a new position in shares of Amphenol in the fourth quarter worth approximately $33,000. Venturi Wealth Management LLC lifted its stake in shares of Amphenol by 75.5% in the fourth quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 142 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in shares of Amphenol by 70.8% in the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 138 shares during the period. Institutional investors own 97.01% of the company’s stock.

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.