Amphenol Co. (NYSE:APH) Receives Average Rating of “Moderate Buy” from Brokerages

Amphenol Co. (NYSE:APH) has received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $69.79.

A number of equities analysts recently commented on the company. Citigroup increased their price objective on Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial raised their price target on shares of Amphenol from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen upped their price objective on shares of Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Robert W. Baird raised their target price on Amphenol from $71.00 to $77.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Evercore ISI upped their price target on Amphenol from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th.

Insider Buying and Selling at Amphenol

In other Amphenol news, VP David M. Silverman sold 180,000 shares of Amphenol stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the sale, the vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares of the company’s stock, 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. Insiders sold a total of 1,842,672 shares of company stock valued at $128,858,080 in the last ninety days. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fortitude Family Office LLC boosted its stake in Amphenol by 13.9% in the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after buying an additional 158 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Amphenol by 50.0% during the third quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock valued at $32,000 after acquiring an additional 166 shares during the period. Fragasso Financial Advisors Inc boosted its stake in shares of Amphenol by 4.7% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock valued at $266,000 after purchasing an additional 171 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings in shares of Amphenol by 7.4% in the 3rd quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock worth $180,000 after purchasing an additional 189 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its position in shares of Amphenol by 4.6% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,505 shares of the electronics maker’s stock worth $294,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 0.6 %

APH stock opened at $69.44 on Tuesday. The company has a 50 day moving average of $71.82 and a two-hundred day moving average of $67.75. The company has a market cap of $83.71 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 2.01 and a beta of 1.24. Amphenol has a 12-month low of $47.76 and a 12-month high of $75.78. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $3.81 billion. During the same period last year, the company earned $0.39 earnings per share. Amphenol’s quarterly revenue was up 26.3% compared to the same quarter last year. On average, equities analysts anticipate that Amphenol will post 1.84 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 annualized dividend and a dividend yield of 0.95%. Amphenol’s payout ratio is 37.93%.

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.