Amphenol Co. (NYSE:APH) Shares Bought by Syon Capital LLC

Syon Capital LLC lifted its holdings in Amphenol Co. (NYSE:APH) by 22.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,219 shares of the electronics maker’s stock after acquiring an additional 1,325 shares during the quarter. Syon Capital LLC’s holdings in Amphenol were worth $716,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in APH. Exchange Traded Concepts LLC grew its position in Amphenol by 37.8% in the third quarter. Exchange Traded Concepts LLC now owns 13,366 shares of the electronics maker’s stock worth $1,123,000 after buying an additional 3,665 shares during the last quarter. Boston Trust Walden Corp boosted its stake in shares of Amphenol by 0.6% during the 3rd quarter. Boston Trust Walden Corp now owns 81,393 shares of the electronics maker’s stock worth $6,836,000 after acquiring an additional 515 shares in the last quarter. Caprock Group LLC grew its holdings in shares of Amphenol by 2.8% in the 3rd quarter. Caprock Group LLC now owns 9,804 shares of the electronics maker’s stock worth $825,000 after acquiring an additional 271 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Amphenol during the third quarter worth $733,000. Finally, Czech National Bank lifted its holdings in shares of Amphenol by 47.9% during the third quarter. Czech National Bank now owns 104,247 shares of the electronics maker’s stock valued at $8,756,000 after purchasing an additional 33,774 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Amphenol Stock Up 1.2 %

Shares of NYSE:APH traded up $1.48 during midday trading on Friday, hitting $120.49. 4,034,442 shares of the stock were exchanged, compared to its average volume of 2,885,384. The business’s fifty day simple moving average is $111.74 and its two-hundred day simple moving average is $99.44. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 2.06. Amphenol Co. has a 52-week low of $72.77 and a 52-week high of $121.25. The company has a market capitalization of $72.48 billion, a PE ratio of 36.39, a P/E/G ratio of 3.10 and a beta of 1.30.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, topping the consensus estimate of $0.73 by $0.07. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, research analysts predict that Amphenol Co. will post 3.29 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 19th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Monday, March 18th. Amphenol’s dividend payout ratio is currently 26.91%.

Amphenol announced that its board has authorized a share repurchase program on Wednesday, April 24th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the electronics maker to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

APH has been the topic of a number of analyst reports. Bank of America lifted their price target on Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI lifted their target price on shares of Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus upped their price target on shares of Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, January 25th. Citigroup lifted their price objective on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, Jefferies Financial Group assumed coverage on Amphenol in a report on Tuesday, April 9th. They issued 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 issued a buy rating to the stock. According to data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and a consensus target price of $118.83.

Insider Buying and Selling

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Craig A. Lampo sold 100,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were 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 of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William J. Doherty sold 170,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The disclosure for this sale can be found here. Insiders have sold 305,000 shares of company stock worth $31,846,050 in the last quarter. 1.80% of the stock is currently owned by company insiders.

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.