Shares of Amphenol Co. (NYSE:APH – Get Free Report) have received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $93.25.
Several equities research analysts have commented on the company. UBS Group upped their price objective on Amphenol from $88.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Stifel Nicolaus upped their price objective on Amphenol from $80.00 to $88.00 in a research report on Thursday, July 27th. Bank of America upped their price objective on Amphenol from $90.00 to $100.00 in a research report on Thursday, July 27th. Truist Financial decreased their target price on Amphenol from $101.00 to $97.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Finally, Robert W. Baird increased their target price on Amphenol from $89.00 to $100.00 in a research report on Thursday, July 27th.
Amphenol Price Performance
Amphenol (NYSE:APH – Get Free Report) last issued its quarterly earnings results on Wednesday, October 25th. The electronics maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. Amphenol had a net margin of 15.41% and a return on equity of 24.57%. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the company earned $0.80 EPS. Amphenol’s quarterly revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts forecast that Amphenol will post 2.96 EPS for the current year.
Amphenol Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Shareholders of record on Tuesday, December 19th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.98%. This is a positive change from Amphenol’s previous quarterly dividend of $0.21. Amphenol’s dividend payout ratio (DPR) is presently 28.39%.
Insider Buying and Selling at Amphenol
In other news, Director Robert Livingston acquired 11,839 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average price of $84.81 per share, for a total transaction of $1,004,065.59. Following the acquisition, the director now owns 59,120 shares of the company’s stock, valued at approximately $5,013,967.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Amphenol news, VP David M. Silverman sold 75,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $89.51, for a total value of $6,713,250.00. Following the completion of the sale, the vice president now directly owns 7,000 shares of the company’s stock, valued at approximately $626,570. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Livingston bought 11,839 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average cost of $84.81 per share, with a total value of $1,004,065.59. Following the completion of the purchase, the director now directly owns 59,120 shares in the company, valued at $5,013,967.20. The disclosure for this purchase can be found here. 2.22% of the stock is currently owned by insiders.
Institutional Trading of Amphenol
Hedge funds and other institutional investors have recently modified their holdings of the stock. Manitou Investment Management Ltd. acquired a new stake in shares of Amphenol in the 1st quarter worth $25,000. Peoples Bank KS acquired a new stake in shares of Amphenol in the 3rd quarter worth $27,000. Sunbelt Securities Inc. acquired a new stake in shares of Amphenol during the 1st quarter worth about $33,000. Altshuler Shaham Ltd acquired a new stake in shares of Amphenol during the 4th quarter worth about $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Amphenol during the 3rd quarter worth about $34,000. 93.46% of the stock is owned by institutional investors and hedge funds.
Amphenol Company 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.
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