Amphenol Co. (NYSE:APH) Given Average Recommendation of “Moderate Buy” by Brokerages

Amphenol Co. (NYSE:APH) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $69.63.

A number of analysts recently commented on the stock. Robert W. Baird boosted their target price on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Evercore ISI increased their price objective on Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen lifted their target price on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Truist Financial upped their target price on Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Bank of America lifted their price target on Amphenol from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th.

Amphenol Stock Performance

Shares of NYSE APH opened at $70.01 on Friday. Amphenol has a 1 year low of $46.94 and a 1 year high of $75.78. The firm has a market cap of $84.40 billion, a P/E ratio of 40.24, a PEG ratio of 2.44 and a beta of 1.24. The stock has a fifty day moving average price of $71.03 and a two-hundred day moving average price of $67.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99.

Amphenol (NYSE:APH) last announced its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business had revenue of $4.04 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter last year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 26.3% on a year-over-year basis. Research analysts forecast that Amphenol will post 1.84 EPS for the current fiscal year.

Amphenol Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is currently 37.93%.

Insider Transactions at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the transaction, the vice president now directly owns 14,000 shares in the company, valued at $963,760. The trade was a 92.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the sale, the chief financial officer now owns 218,116 shares of the company’s stock, valued at $14,997,656.16. This represents a 40.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amphenol

A number of hedge funds and other institutional investors have recently made changes to their positions in APH. Principal Financial Group Inc. lifted its stake in Amphenol by 73.9% during the third quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker’s stock worth $168,851,000 after purchasing an additional 1,101,368 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in Amphenol in the 3rd quarter valued at $9,614,000. Tidal Investments LLC grew its position in Amphenol by 464.6% in the third quarter. Tidal Investments LLC now owns 396,066 shares of the electronics maker’s stock valued at $25,808,000 after acquiring an additional 325,912 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Amphenol during the third quarter valued at $2,277,000. Finally, Virtu Financial LLC bought a new stake in shares of Amphenol in the 3rd quarter worth about $582,000. 97.01% of the stock is owned by institutional investors.

About Amphenol

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.