Amphenol Co. (NYSE:APH) Receives $69.63 Average Price Target from Analysts

Amphenol Co. (NYSE:APH) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $69.63.

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

Amphenol Trading Down 1.5 %

APH stock opened at $69.90 on Tuesday. Amphenol has a 12-month low of $47.38 and a 12-month high of $75.78. The business’s 50-day moving average is $71.99 and its 200 day moving average is $67.72. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53. The stock has a market cap of $84.27 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 2.01 and a beta of 1.24.

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

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.165 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.66 annualized dividend and a yield of 0.94%. Amphenol’s dividend payout ratio (DPR) is 37.93%.

Insider Buying and Selling at Amphenol

In related news, VP David M. Silverman sold 180,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the completion of the transaction, the vice president now owns 14,000 shares of the company’s stock, valued at approximately $1,005,340. This trade represents a 92.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders have sold 1,842,672 shares of company stock worth $128,858,080 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amphenol

A number of institutional investors have recently modified their holdings of APH. Fortitude Family Office LLC boosted its holdings in Amphenol by 13.9% during the 3rd quarter. Fortitude Family Office LLC now owns 1,296 shares of the electronics maker’s stock valued at $84,000 after acquiring an additional 158 shares during the period. Brown Brothers Harriman & Co. lifted its position 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 worth $32,000 after purchasing an additional 166 shares in the last quarter. Fragasso Financial Advisors Inc boosted its stake in shares of Amphenol by 4.7% in the fourth 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 during the period. Prestige Wealth Management Group LLC grew its holdings in shares of Amphenol by 7.4% in the third quarter. Prestige Wealth Management Group LLC now owns 2,751 shares of the electronics maker’s stock valued at $180,000 after purchasing an additional 189 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its stake in 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 buying an additional 199 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

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.