Amphenol (NYSE:APH) Shares Pass Above 200 Day Moving Average of $56.55

Amphenol Co. (NYSE:APH)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $56.55 and traded as high as $68.40. Amphenol shares last traded at $67.27, with a volume of 6,489,972 shares trading hands.

Analyst Ratings Changes

A number of analysts have weighed in on APH shares. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $62.50 to $65.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. TD Cowen raised their price objective on shares of Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a report on Thursday, June 6th. Evercore ISI reissued an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. UBS Group raised their price objective on shares of Amphenol from $67.50 to $69.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Robert W. Baird lifted their target price on shares of Amphenol from $61.50 to $62.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $63.42.

Amphenol Trading Down 2.1 %

The business’s 50-day moving average is $64.23 and its two-hundred day moving average is $56.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06. The stock has a market capitalization of $80.81 billion, a PE ratio of 41.14, a price-to-earnings-growth ratio of 3.19 and a beta of 1.26.

Amphenol (NYSE:APH) last posted its quarterly earnings data on Wednesday, April 24th. The electronics maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the firm posted $0.35 EPS. Amphenol’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts anticipate that Amphenol Co. will post 1.69 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th will be given a $0.22 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.88 dividend on an annualized basis and a yield of 1.31%. Amphenol’s dividend payout ratio (DPR) is 26.91%.

Amphenol declared that its board has authorized a share repurchase plan on Wednesday, April 24th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the electronics maker to repurchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Amphenol

In other Amphenol news, insider Luc Walter sold 230,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $67.57, for a total transaction of $15,541,100.00. Following the sale, the insider now directly owns 397,280 shares in the company, valued at approximately $26,844,209.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amphenol

Institutional investors have recently made changes to their positions in the stock. LPL Financial LLC raised its stake in shares of Amphenol by 15.0% during the 3rd quarter. LPL Financial LLC now owns 172,215 shares of the electronics maker’s stock worth $14,464,000 after buying an additional 22,453 shares during the last quarter. Mariner LLC raised its stake in shares of Amphenol by 1.4% during the 3rd quarter. Mariner LLC now owns 85,744 shares of the electronics maker’s stock worth $7,201,000 after buying an additional 1,156 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of Amphenol by 5.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 4,583 shares of the electronics maker’s stock worth $385,000 after buying an additional 246 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Amphenol by 15.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,159 shares of the electronics maker’s stock worth $97,000 after buying an additional 159 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Amphenol by 3.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 30,851 shares of the electronics maker’s stock worth $2,591,000 after buying an additional 1,099 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.