Syon Capital LLC Grows Position in Amphenol Co. (NYSE:APH)

Syon Capital LLC lifted its holdings in Amphenol Co. (NYSE:APH) by 22.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,219 shares of the electronics maker’s stock after buying 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 quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of APH. Peoples Bank KS bought a new position in Amphenol in the 3rd quarter worth about $27,000. Mendota Financial Group LLC purchased a new position in shares of Amphenol during the fourth quarter valued at $33,000. Venturi Wealth Management LLC raised its holdings 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 valued at $33,000 after acquiring an additional 142 shares in the last quarter. Avior Wealth Management LLC grew its holdings in 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 acquiring an additional 138 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Amphenol in the 3rd quarter valued at about $34,000. 97.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on APH shares. Bank of America increased their target price on shares of Amphenol from $121.00 to $124.00 and gave the company a “buy” 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 report on Thursday, January 25th. UBS Group lifted their price objective on Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group upped their target price on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, Robert W. Baird upped their price objective on Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.83.

Insider Activity at Amphenol

In other 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 transaction of $2,212,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider William J. Doherty sold 170,000 shares of the company’s stock in a transaction dated 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Peter Straub sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were 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. Insiders have sold 305,000 shares of company stock valued at $31,846,050 over the last quarter. 1.80% of the stock is owned by insiders.

Amphenol Trading Up 1.2 %

Shares of NYSE:APH traded up $1.48 during mid-day trading on Friday, reaching $120.49. 4,034,442 shares of the company were exchanged, compared to its average volume of 2,885,384. Amphenol Co. has a 1 year low of $72.77 and a 1 year high of $121.25. The firm’s 50-day simple moving average is $111.74 and its 200 day simple moving average is $99.44. The firm has a market cap of $72.48 billion, a price-to-earnings ratio of 36.39, a P/E/G ratio of 3.10 and a beta of 1.30. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.06 and a quick ratio of 1.48.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.10 billion. During the same period in the prior year, the business earned $0.69 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. Equities research analysts forecast that Amphenol Co. will post 3.29 EPS for the current year.

Amphenol Announces Dividend

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

Amphenol announced that its board has approved a stock buyback program on Wednesday, April 24th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the electronics maker to buy up to 2.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Amphenol Company 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.