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

Shares of Amphenol Co. (NYSE:APH) have been given an average rating of “Moderate Buy” by the thirteen research firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $66.58.

Several equities research analysts recently issued reports on APH shares. UBS Group raised their price objective on shares of Amphenol from $69.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Bank of America cut shares of Amphenol from a “buy” rating to a “neutral” rating and dropped their price target for the company from $80.00 to $71.00 in a research report on Wednesday, September 4th. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a research report on Thursday, June 13th. Robert W. Baird dropped their price target on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Truist Financial lifted their price target on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research report on Thursday, July 25th.

Insider Buying and Selling

In related news, insider Luc Walter sold 106,000 shares of Amphenol stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.19, for a total value of $6,804,140.00. Following the completion of the transaction, the insider now owns 447,790 shares in the company, valued at $28,743,640.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Luc Walter sold 106,000 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $64.19, for a total transaction of $6,804,140.00. Following the completion of the sale, the insider now owns 447,790 shares in the company, valued at approximately $28,743,640.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Lance E. D’amico sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $65.63, for a total transaction of $6,563,000.00. Following the sale, the vice president now owns 51,400 shares of the company’s stock, valued at $3,373,382. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,516,000 shares of company stock worth $98,236,640 over the last 90 days. 1.80% of the stock is owned by insiders.

Institutional Trading of Amphenol

Several institutional investors have recently modified their holdings of the stock. Beacon Capital Management LLC raised its position in Amphenol by 121.2% in the 2nd quarter. Beacon Capital Management LLC now owns 376 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 206 shares during the last quarter. New England Capital Financial Advisors LLC raised its position in Amphenol by 100.0% in the 2nd 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. Opal Wealth Advisors LLC purchased a new stake in Amphenol in the 2nd quarter valued at $29,000. Sachetta LLC raised its position in Amphenol by 131.1% in the 2nd quarter. Sachetta LLC now owns 439 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 249 shares during the last quarter. Finally, Brown Shipley& Co Ltd purchased a new stake in Amphenol in the 1st quarter valued at $52,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Amphenol stock opened at $62.40 on Friday. Amphenol has a 12-month low of $39.34 and a 12-month high of $70.84. The stock has a market cap of $74.96 billion, a P/E ratio of 38.28, a PEG ratio of 2.59 and a beta of 1.24. The company has a 50-day moving average price of $63.90 and a 200 day moving average price of $63.67. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Amphenol had a net margin of 15.69% and a return on equity of 24.08%. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the business earned $0.72 earnings per share. Amphenol’s revenue was up 18.2% compared to the same quarter last year. Sell-side analysts anticipate that Amphenol will post 1.76 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. Investors of record on Tuesday, September 17th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $0.66 dividend on an annualized basis and a yield of 1.06%. Amphenol’s dividend payout ratio is currently 40.49%.

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.