Fulton Breakefield Broenniman LLC Buys Shares of 2,199 Amphenol Co. (NYSE:APH)

Fulton Breakefield Broenniman LLC bought a new stake in shares of Amphenol Co. (NYSE:APH) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,199 shares of the electronics maker’s stock, valued at approximately $218,000.

Other hedge funds have also made changes to their positions in the company. Peoples Bank KS purchased a new stake in shares of Amphenol in the third quarter valued at approximately $27,000. Mendota Financial Group LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at approximately $33,000. Venturi Wealth Management LLC grew its position 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 purchasing an additional 142 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Amphenol by 70.8% in the fourth quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 138 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Amphenol in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Amphenol Trading Up 1.2 %

APH traded up $1.48 during trading on Friday, hitting $120.49. The company’s stock had a trading volume of 4,172,919 shares, compared to its average volume of 3,505,085. Amphenol Co. has a twelve month low of $72.77 and a twelve month high of $121.25. The firm’s 50 day moving average price is $112.04 and its 200-day moving average price is $99.70. The stock has a market cap of $72.48 billion, a PE ratio of 36.85, a PEG ratio of 3.13 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 announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.80 earnings per share 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 firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the company earned $0.69 EPS. The firm’s revenue was up 9.5% on a year-over-year basis. On average, analysts expect that Amphenol Co. will post 3.34 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th were paid a $0.22 dividend. The ex-dividend date of this dividend 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 (DPR) is presently 26.91%.

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

Wall Street Analyst Weigh In

APH has been the subject of a number of analyst reports. 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 report on Thursday. Robert W. Baird increased their price objective on Amphenol from $123.00 to $124.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America increased their price objective on Amphenol from $121.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group increased their price objective on Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Evercore ISI increased their price objective on Amphenol from $125.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $118.83.

Insider Activity

In related news, insider William J. Doherty sold 170,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $103.50, for a total transaction of $17,595,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William J. Doherty sold 170,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were 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. In the last 90 days, insiders have sold 305,000 shares of company stock worth $31,846,050. 1.80% of the stock is currently owned by corporate insiders.

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.