Amphenol Co. (NYSE:APH) Receives $65.35 Average PT from Brokerages

Amphenol Co. (NYSE:APH) has been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $65.35.

A number of equities research analysts recently commented on APH shares. Truist Financial upped their price objective on Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Seaport Res Ptn upgraded shares of Amphenol to a “strong-buy” rating in a research report on Monday, May 20th. Vertical Research assumed coverage on shares of Amphenol in a research note on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 target price for the company. UBS Group raised their price objective on Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, JPMorgan Chase & Co. increased their target price on Amphenol from $62.50 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th.

Amphenol Price Performance

Amphenol stock opened at $66.35 on Friday. The stock has a market cap of $79.70 billion, a price-to-earnings ratio of 40.71, a P/E/G ratio of 2.81 and a beta of 1.25. Amphenol has a 12-month low of $39.34 and a 12-month high of $70.84. The company has a quick ratio of 1.32, a current ratio of 2.02 and a debt-to-equity ratio of 0.56. The business’s 50-day simple moving average is $66.01 and its 200 day simple moving average is $61.17.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. Amphenol’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, research analysts anticipate that Amphenol will post 1.74 earnings per share for the current year.

Amphenol Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Tuesday, September 17th. Amphenol’s dividend payout ratio (DPR) is currently 40.49%.

Amphenol declared that its board has approved a share repurchase program on Wednesday, April 24th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the electronics maker to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Amphenol

In other Amphenol news, CEO Richard Adam Norwitt sold 750,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the sale, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at approximately $124,875,089.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Luc Walter sold 230,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $67.57, for a total value of $15,541,100.00. Following the transaction, the insider now owns 397,280 shares of the company’s stock, valued at $26,844,209.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 750,000 shares of Amphenol stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $64.54, for a total value of $48,405,000.00. Following the sale, the chief executive officer now directly owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The disclosure for this sale can be found here. Insiders have sold 1,746,000 shares of company stock worth $113,777,740 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in APH. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Amphenol by 228.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 110,298 shares of the electronics maker’s stock worth $10,934,000 after purchasing an additional 76,724 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Amphenol by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,180,261 shares of the electronics maker’s stock worth $315,259,000 after acquiring an additional 73,662 shares during the period. Fiduciary Group LLC acquired a new position in Amphenol in the 4th quarter valued at $699,000. First National Advisers LLC lifted its position in shares of Amphenol by 45.0% during the 4th quarter. First National Advisers LLC now owns 20,380 shares of the electronics maker’s stock valued at $2,021,000 after acquiring an additional 6,329 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Amphenol by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 4,015,628 shares of the electronics maker’s stock worth $398,069,000 after purchasing an additional 20,521 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

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.