Traders purchased shares of Amphenol Co. (NYSE:APH) on weakness during trading on Wednesday. $53.04 million flowed into the stock on the tick-up and $17.49 million flowed out of the stock on the tick-down, for a money net flow of $35.55 million into the stock. Of all companies tracked, Amphenol had the 30th highest net in-flow for the day. Amphenol traded down ($0.90) for the day and closed at $86.27
APH has been the subject of a number of analyst reports. Zacks Investment Research cut Amphenol from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. ValuEngine raised Amphenol from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Morgan Stanley boosted their price objective on Amphenol from $90.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 26th. Five investment analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $91.89.
The company has a quick ratio of 1.27, a current ratio of 1.80 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $26.46 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 2.42 and a beta of 0.84.
Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 25th. The electronics maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.03. Amphenol had a return on equity of 26.65% and a net margin of 9.45%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. equities research analysts anticipate that Amphenol Co. will post 3.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 10th. Investors of record on Monday, June 18th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, June 15th. This is a boost from Amphenol’s previous quarterly dividend of $0.19. Amphenol’s payout ratio is currently 29.49%.
Amphenol declared that its board has approved a stock repurchase plan on Wednesday, April 25th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to buy up to 7.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Amphenol by 4.0% in the 1st quarter. BlackRock Inc. now owns 21,963,523 shares of the electronics maker’s stock valued at $1,891,716,000 after acquiring an additional 844,660 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Amphenol by 2.7% in the 1st quarter. JPMorgan Chase & Co. now owns 7,546,901 shares of the electronics maker’s stock valued at $650,013,000 after acquiring an additional 198,094 shares in the last quarter. Geode Capital Management LLC raised its holdings in Amphenol by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 3,625,410 shares of the electronics maker’s stock valued at $317,719,000 after acquiring an additional 233,439 shares in the last quarter. Summit Trail Advisors LLC raised its holdings in Amphenol by 8,640.8% in the 1st quarter. Summit Trail Advisors LLC now owns 3,433,551 shares of the electronics maker’s stock valued at $3,434,000 after acquiring an additional 3,394,269 shares in the last quarter. Finally, USS Investment Management Ltd acquired a new position in Amphenol in the 1st quarter valued at approximately $146,813,000. 95.05% of the stock is owned by hedge funds and other institutional investors.
Amphenol Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
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