Amphenol Co. (NYSE:APH) Receives $63.42 Average Target Price from Analysts

Amphenol Co. (NYSE:APH) has received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $63.42.

APH has been the topic of several analyst reports. Truist Financial increased their price target on Amphenol from $68.00 to $74.50 and gave the stock a “buy” rating in a research report on Friday, May 24th. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $62.50 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Seaport Res Ptn raised shares of Amphenol to a “strong-buy” rating in a report on Monday, May 20th. Evercore ISI reaffirmed an “outperform” rating on shares of Amphenol in a report on Thursday, June 13th. Finally, Jefferies Financial Group started coverage on shares of Amphenol in a research report on Tuesday, April 9th. They issued a “hold” rating and a $62.50 price objective for the company.

Insider Buying and Selling

In related news, insider Luc Walter sold 230,000 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 397,280 shares of the company’s stock, valued at approximately $26,844,209.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Frazier Financial Advisors LLC acquired a new stake in shares of Amphenol in the fourth quarter valued at approximately $29,000. WASHINGTON TRUST Co increased its stake in shares of Amphenol by 88.2% in the 1st quarter. WASHINGTON TRUST Co now owns 320 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 150 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Amphenol by 75.5% in the 4th quarter. Venturi Wealth Management LLC now owns 330 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 142 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of Amphenol by 70.8% during the 4th quarter. Avior Wealth Management LLC now owns 333 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 138 shares during the last quarter. Finally, Mendota Financial Group LLC purchased a new stake in shares of Amphenol in the fourth quarter valued at about $33,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Up 0.1 %

Shares of APH stock opened at $67.57 on Friday. Amphenol has a fifty-two week low of $39.34 and a fifty-two week high of $70.84. The firm has a market capitalization of $81.17 billion, a PE ratio of 41.31, a P/E/G ratio of 3.14 and a beta of 1.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06. The stock’s 50-day simple moving average is $65.41 and its 200-day simple moving average is $57.24.

Amphenol (NYSE:APH) last issued its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the company earned $0.35 EPS. Amphenol’s quarterly revenue was up 9.5% on a year-over-year basis. Equities analysts expect that Amphenol will post 1.69 earnings per share for the current year.

Amphenol Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Tuesday, June 18th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.30%. The ex-dividend date is Tuesday, June 18th. Amphenol’s payout ratio is 26.91%.

Amphenol declared that its Board of Directors has approved a share repurchase plan on Wednesday, April 24th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the electronics maker to buy up to 2.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.