EdgeRock Capital LLC Invests $42,000 in Amphenol Co. (NYSE:APH)

EdgeRock Capital LLC purchased a new stake in Amphenol Co. (NYSE:APH) during the 4th quarter, HoldingsChannel reports. The fund purchased 408 shares of the electronics maker’s stock, valued at approximately $42,000.

A number of other large investors have also recently bought and sold shares of the stock. Hixon Zuercher LLC increased its position in shares of Amphenol by 0.5% during the 4th quarter. Hixon Zuercher LLC now owns 21,437 shares of the electronics maker’s stock worth $2,125,000 after purchasing an additional 104 shares in the last quarter. Jacobsen Capital Management boosted its holdings in shares of Amphenol by 1.8% in the 4th quarter. Jacobsen Capital Management now owns 6,113 shares of the electronics maker’s stock worth $606,000 after acquiring an additional 108 shares in the last quarter. Strategic Blueprint LLC grew its position in Amphenol by 2.4% during the 4th quarter. Strategic Blueprint LLC now owns 4,844 shares of the electronics maker’s stock worth $480,000 after acquiring an additional 112 shares during the last quarter. Simon Quick Advisors LLC increased its holdings in Amphenol by 2.2% during the 4th quarter. Simon Quick Advisors LLC now owns 5,421 shares of the electronics maker’s stock valued at $537,000 after purchasing an additional 115 shares in the last quarter. Finally, Drive Wealth Management LLC boosted its stake in Amphenol by 3.4% in the fourth quarter. Drive Wealth Management LLC now owns 3,573 shares of the electronics maker’s stock worth $355,000 after purchasing an additional 116 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the sale, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at approximately $15,391,200.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Amphenol news, CFO Craig A. Lampo sold 100,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the completion of the transaction, the chief financial officer now owns 147,045 shares in the company, valued at approximately $15,391,200.15. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lance E. D’amico sold 15,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $104.75, for a total value of $1,571,250.00. Following the transaction, the vice president now directly owns 25,700 shares of the company’s stock, valued at $2,692,075. The disclosure for this sale can be found here. Insiders sold 135,000 shares of company stock worth $14,251,050 over the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Citigroup upped their price target on shares of Amphenol from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. Evercore ISI raised their price target on shares of Amphenol from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. UBS Group upped their price objective on Amphenol from $135.00 to $138.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Bank of America lifted their target price on Amphenol from $121.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. upped their price target on Amphenol from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $118.83.

Amphenol Trading Up 1.5 %

Shares of APH stock traded up $1.89 on Wednesday, reaching $126.61. The company had a trading volume of 2,986,861 shares, compared to its average volume of 2,911,439. The stock has a market cap of $76.04 billion, a PE ratio of 38.72, a PEG ratio of 3.11 and a beta of 1.27. The company has a 50-day moving average of $114.25 and a 200-day moving average of $101.89. The company has a current ratio of 2.06, a quick ratio of 1.43 and a debt-to-equity ratio of 0.41. Amphenol Co. has a 12 month low of $72.77 and a 12 month high of $127.06.

Amphenol (NYSE:APH) last issued its earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, beating the consensus estimate of $0.73 by $0.07. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.10 billion. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. On average, equities analysts forecast that Amphenol Co. will post 3.35 earnings per share for the current year.

Amphenol announced that its Board of Directors has approved 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 shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.70%. Amphenol’s payout ratio is 26.91%.

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.