Robert W. Baird Boosts Amphenol (NYSE:APH) Price Target to $124.00

Amphenol (NYSE:APH) had its price objective hoisted by Robert W. Baird from $123.00 to $124.00 in a report issued on Thursday, Benzinga reports. Robert W. Baird currently has an outperform rating on the electronics maker’s stock.

APH has been the subject of a number of other research reports. UBS Group boosted their price objective on Amphenol from $118.00 to $135.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Bank of America boosted their price target on Amphenol from $117.00 to $121.00 and gave the company a buy rating in a research note on Thursday, April 18th. 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. Evercore ISI boosted their price target on Amphenol from $110.00 to $125.00 and gave the company an outperform rating in a research note on Monday, March 25th. Finally, Stifel Nicolaus boosted their price target on Amphenol from $88.00 to $95.00 and gave the company a hold rating in a research note on Thursday, January 25th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $118.83.

Amphenol Trading Up 1.2 %

Amphenol stock opened at $120.49 on Thursday. Amphenol has a 52 week low of $72.77 and a 52 week high of $121.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.48 and a current ratio of 2.06. The stock has a market capitalization of $72.48 billion, a P/E ratio of 36.85, a PEG ratio of 3.17 and a beta of 1.30. The stock has a 50-day simple moving average of $112.04 and a 200 day simple moving average of $99.92.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 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 analysts’ expectations of $3.10 billion. During the same quarter last year, the company posted $0.69 earnings per share. Amphenol’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts expect that Amphenol will post 3.34 earnings per share for the current year.

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

Amphenol Announces Dividend

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

Insider Buying and Selling

In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amphenol news, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.75, for a total transaction of $1,571,250.00. Following the sale, the vice president now owns 25,700 shares of the company’s stock, valued at $2,692,075. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter Straub sold 20,000 shares of the company’s 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 disclosure for this sale can be found here. Insiders have sold a total of 305,000 shares of company stock valued at $31,846,050 over the last 90 days. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Amphenol

Institutional investors and hedge funds have recently made changes to their positions in the stock. Frazier Financial Advisors LLC bought a new position in shares of Amphenol during the 4th quarter worth about $29,000. Peoples Bank KS bought a new position in shares of Amphenol during the 3rd quarter worth about $27,000. WASHINGTON TRUST Co boosted its position in shares of Amphenol by 88.2% during the 1st quarter. WASHINGTON TRUST Co now owns 320 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 150 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Amphenol by 75.5% during the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 142 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Amphenol by 70.8% during the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 138 shares in the last quarter. 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.