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

Amphenol Co. (NYSE:APH) has been assigned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $69.63.

APH has been the topic of several recent analyst reports. Truist Financial raised their target price on shares of Amphenol from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. TD Cowen raised their price target on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research note on Friday, October 25th. Evercore ISI boosted their price objective on shares of Amphenol from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Bank of America lifted their price target on Amphenol from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. Finally, Robert W. Baird boosted their price objective on shares of Amphenol from $71.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th.

Amphenol Stock Performance

Amphenol stock opened at $71.66 on Friday. Amphenol has a fifty-two week low of $46.94 and a fifty-two week high of $75.78. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.33 and a current ratio of 1.99. The stock has a market cap of $86.39 billion, a P/E ratio of 41.18, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. The firm’s fifty day moving average price is $71.20 and its 200-day moving average price is $67.41.

Amphenol (NYSE:APH) last released its earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. Amphenol’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. On average, equities research analysts expect that Amphenol will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.92%. Amphenol’s payout ratio is 37.93%.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the transaction, the chief financial officer now directly owns 218,116 shares in the company, valued at approximately $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. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Beacon Capital Management LLC boosted its stake in shares of Amphenol by 121.2% in the second quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 206 shares during the period. New England Capital Financial Advisors LLC lifted its position in Amphenol by 100.0% during the second quarter. New England Capital Financial Advisors LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 188 shares during the last quarter. Sachetta LLC grew its stake in shares of Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock worth $27,000 after buying an additional 249 shares in the last quarter. Trifecta Capital Advisors LLC raised its position in shares of Amphenol by 352.1% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after buying an additional 338 shares in the last quarter. Finally, New Millennium Group LLC bought a new position in shares of Amphenol in the 2nd quarter valued at about $31,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.