Amphenol (NYSE:APH) Price Target Increased to $125.00 by Analysts at Evercore ISI

Amphenol (NYSE:APH) had its price objective boosted by Evercore ISI from $110.00 to $125.00 in a report published on Monday morning, Benzinga reports. The firm currently has an outperform rating on the electronics maker’s stock.

Several other equities research analysts have also recently commented on the company. The Goldman Sachs Group boosted their target price on Amphenol from $107.00 to $119.00 and gave the stock a buy rating in a report on Thursday, January 25th. Citigroup initiated coverage on Amphenol in a report on Friday, January 5th. They set a buy rating and a $117.00 target price for the company. Robert W. Baird boosted their price objective on Amphenol from $100.00 to $106.00 and gave the stock an outperform rating in a report on Thursday, January 25th. Truist Financial raised their target price on shares of Amphenol from $97.00 to $109.00 and gave the stock a buy rating in a report on Friday, December 15th. Finally, Stifel Nicolaus upped their price target on shares of Amphenol from $88.00 to $95.00 and gave the company a hold rating in a research report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Amphenol has an average rating of Moderate Buy and an average price target of $104.40.

Amphenol Price Performance

NYSE APH opened at $115.30 on Monday. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $106.17 and a two-hundred day moving average price of $94.99. The stock has a market cap of $69.16 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 3.26 and a beta of 1.30. Amphenol has a 52 week low of $72.00 and a 52 week high of $119.59.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.16 billion. Amphenol had a return on equity of 23.94% and a net margin of 15.36%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share. Analysts forecast that Amphenol will post 3.28 EPS for the current year.

Amphenol Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Tuesday, March 19th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, March 18th. Amphenol’s dividend payout ratio (DPR) is presently 28.30%.

Insider Transactions at Amphenol

In other Amphenol news, insider William J. Doherty sold 170,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was 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 through the SEC website. In other news, insider William J. Doherty sold 170,000 shares of Amphenol stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $103.50, for a total value of $17,595,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Craig A. Lampo sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were 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 $15,391,200.15. The disclosure for this sale can be found here. Insiders sold 305,000 shares of company stock valued at $31,846,050 in the last three months. Corporate insiders own 2.22% of the company’s stock.

Institutional Trading of Amphenol

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Amphenol by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 73,138,110 shares of the electronics maker’s stock worth $7,250,181,000 after purchasing an additional 965,951 shares during the period. FMR LLC grew its position in Amphenol by 1.3% during the third quarter. FMR LLC now owns 55,500,422 shares of the electronics maker’s stock worth $4,661,480,000 after buying an additional 691,964 shares in the last quarter. BlackRock Inc. increased its stake in Amphenol by 6.1% during the second quarter. BlackRock Inc. now owns 48,104,261 shares of the electronics maker’s stock valued at $4,086,457,000 after acquiring an additional 2,752,517 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Amphenol by 39.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock valued at $2,899,059,000 after acquiring an additional 8,340,759 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Amphenol by 5.7% in the 2nd quarter. State Street Corp now owns 26,214,089 shares of the electronics maker’s stock worth $2,232,289,000 after acquiring an additional 1,419,808 shares during the period. Institutional investors own 97.01% of the company’s stock.

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.