Amphenol Co. (NYSE:APH) Shares Acquired by Running Oak Capital LLC

Running Oak Capital LLC raised its position in Amphenol Co. (NYSE:APH) by 13.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,988 shares of the electronics maker’s stock after purchasing an additional 12,613 shares during the quarter. Amphenol comprises approximately 2.0% of Running Oak Capital LLC’s investment portfolio, making the stock its 3rd biggest holding. Running Oak Capital LLC’s holdings in Amphenol were worth $10,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC lifted its holdings in Amphenol by 1.3% in the 3rd quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock valued at $4,661,480,000 after acquiring an additional 691,964 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Amphenol by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock worth $1,283,360,000 after buying an additional 653,354 shares during the period. Massachusetts Financial Services Co. MA grew its position in Amphenol by 4.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,145,093 shares of the electronics maker’s stock worth $1,104,056,000 after purchasing an additional 564,110 shares in the last quarter. Flossbach Von Storch AG grew its position in Amphenol by 1.9% in the third quarter. Flossbach Von Storch AG now owns 7,908,317 shares of the electronics maker’s stock worth $664,220,000 after acquiring an additional 151,058 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Amphenol by 6.0% in the third quarter. Northern Trust Corp now owns 6,195,739 shares of the electronics maker’s stock worth $520,380,000 after buying an additional 351,353 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Transactions at Amphenol

In other Amphenol news, insider Peter Straub sold 20,000 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other Amphenol news, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 305,000 shares of company stock valued at $31,846,050. 1.80% of the stock is currently owned by corporate insiders.

Amphenol Stock Performance

Shares of NYSE:APH traded up $1.74 on Thursday, hitting $121.00. The company had a trading volume of 2,463,955 shares, compared to its average volume of 2,906,648. The stock has a 50 day moving average price of $112.98 and a 200 day moving average price of $100.59. 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 stock has a market cap of $72.67 billion, a price-to-earnings ratio of 36.67, a P/E/G ratio of 3.07 and a beta of 1.27. Amphenol Co. has a 1-year low of $72.77 and a 1-year high of $123.60.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (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 firm 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 business posted $0.69 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts expect that Amphenol Co. will post 3.34 EPS for the current year.

Amphenol declared that its Board of Directors has approved a stock repurchase plan on Wednesday, April 24th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the electronics maker to reacquire up to 2.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Amphenol Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.73%. Amphenol’s payout ratio is 26.91%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on APH. Robert W. Baird increased their price target on shares of Amphenol from $123.00 to $124.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. The Goldman Sachs Group boosted their price target on Amphenol from $107.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Citigroup lifted their price objective on Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Stifel Nicolaus upped their target price on Amphenol from $88.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, January 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Amphenol from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.83.

Amphenol 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.