Amphenol (NYSE:APH) Shares Set to Split on Wednesday, June 12th

Amphenol Co. (NYSE:APHFree Report)’s stock is set to split on the morning of Wednesday, June 12th. The 2-1 split was announced on Wednesday, June 12th. The newly issued shares will be distributed to shareholders after the market closes on Wednesday, June 12th.

Amphenol Price Performance

Shares of Amphenol stock opened at $136.24 on Monday. The company has a quick ratio of 1.43, a current ratio of 2.06 and a debt-to-equity ratio of 0.41. Amphenol has a 52 week low of $73.29 and a 52 week high of $138.59. The stock’s 50-day simple moving average is $119.79 and its 200-day simple moving average is $106.45. The company has a market capitalization of $81.83 billion, a price-to-earnings ratio of 41.66, a PEG ratio of 3.17 and a beta of 1.27.

Amphenol (NYSE:APHGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.07. Amphenol had a return on equity of 23.85% and a net margin of 15.87%. The company had revenue of $3.26 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the firm earned $0.69 EPS. The firm’s revenue was up 9.5% compared to the same quarter last year. As a group, analysts expect that Amphenol will post 3.38 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Tuesday, June 18th will be issued 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 0.65%. Amphenol’s dividend payout ratio is currently 26.91%.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Robert W. Baird upped their price objective on Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Jefferies Financial Group assumed coverage on shares of Amphenol in a research report on Tuesday, April 9th. They set a “hold” rating and a $125.00 price objective for the company. Seaport Res Ptn upgraded shares of Amphenol to a “strong-buy” rating in a report on Monday, May 20th. UBS Group increased their price target on shares of Amphenol from $135.00 to $138.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, Evercore ISI lifted their price target on Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.64.

View Our Latest Research Report on APH

Insider Transactions at Amphenol

In other Amphenol news, insider Luc Walter sold 115,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $135.14, for a total value of $15,541,100.00. Following the transaction, the insider now owns 198,640 shares of the company’s stock, valued at approximately $26,844,209.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Peter Straub sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $110.64, for a total transaction of $2,212,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Luc Walter sold 115,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $135.14, for a total value of $15,541,100.00. Following the completion of the sale, the insider now owns 198,640 shares of the company’s stock, valued at approximately $26,844,209.60. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Institutional investors and hedge funds have recently bought and sold shares of the company. NBC Securities Inc. purchased a new stake in Amphenol in the third quarter worth about $181,000. Wealthspire Advisors LLC boosted its stake in shares of Amphenol by 6.9% during the third quarter. Wealthspire Advisors LLC now owns 2,984 shares of the electronics maker’s stock valued at $251,000 after purchasing an additional 192 shares in the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Amphenol by 4.4% during the third quarter. Harvest Fund Management Co. Ltd now owns 3,055 shares of the electronics maker’s stock valued at $257,000 after buying an additional 130 shares during the period. Savant Capital LLC raised its stake in Amphenol by 36.1% in the third quarter. Savant Capital LLC now owns 6,407 shares of the electronics maker’s stock worth $538,000 after buying an additional 1,699 shares in the last quarter. Finally, Nicolet Advisory Services LLC purchased a new stake in Amphenol during the third quarter worth $210,000. 97.01% of the stock is owned by institutional investors.

Amphenol Company Profile

(Get Free Report)

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.

Further Reading

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