Stanley Laman Group Ltd. Purchases New Holdings in Amphenol Co. (NYSE:APH)

Stanley Laman Group Ltd. purchased a new stake in shares of Amphenol Co. (NYSE:APH) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,104 shares of the electronics maker’s stock, valued at approximately $209,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Amphenol by 55.2% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,376,669 shares of the electronics maker’s stock worth $199,616,000 after acquiring an additional 845,637 shares in the last quarter. Invesco Ltd. grew its stake in Amphenol by 21.7% in the 3rd quarter. Invesco Ltd. now owns 4,090,708 shares of the electronics maker’s stock worth $343,579,000 after acquiring an additional 729,849 shares in the last quarter. FMR LLC grew its stake in Amphenol by 1.3% in the 3rd quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock worth $4,661,480,000 after acquiring an additional 691,964 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Amphenol by 4.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock worth $1,283,360,000 after acquiring an additional 653,354 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Amphenol by 4.5% in 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 acquiring an additional 564,110 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

APH has been the topic of a number of research analyst reports. Citigroup upped their target price on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Jefferies Financial Group began coverage on shares of Amphenol in a research note on Tuesday, April 9th. They issued a “hold” rating and a $125.00 target price on the stock. Truist Financial upped their price target on shares of Amphenol from $121.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America upped their price target on shares of Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, UBS Group upped their price target on shares of Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Amphenol presently has a consensus rating of “Moderate Buy” and an average price target of $118.83.

Insiders Place Their Bets

In other Amphenol news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Peter Straub sold 20,000 shares of the stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William J. Doherty sold 170,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $103.50, for a total transaction of $17,595,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 305,000 shares of company stock valued at $31,846,050. Insiders own 1.80% of the company’s stock.

Amphenol Stock Up 1.2 %

NYSE:APH traded up $1.48 during midday trading on Friday, reaching $120.49. 4,172,891 shares of the stock traded hands, compared to its average volume of 2,887,212. Amphenol Co. has a 12-month low of $72.77 and a 12-month high of $121.25. The business has a 50-day moving average of $112.04 and a two-hundred day moving average of $99.70. 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 PE ratio of 36.85, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30.

Amphenol (NYSE:APH) last posted its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. Amphenol’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts forecast that Amphenol Co. will post 3.29 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

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

Amphenol announced that its board has authorized a share buyback 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 stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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.