Amphenol Co. (NYSE:APH) Receives $65.35 Consensus Target Price from Analysts

Amphenol Co. (NYSE:APH) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $65.35.

Several brokerages have commented on APH. Robert W. Baird lowered their price target on Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Stifel Nicolaus reiterated a “hold” rating on shares of Amphenol in a report on Thursday, June 13th. Citigroup upped their price target on shares of Amphenol from $67.50 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Bank of America lifted their price objective on Amphenol from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Evercore ISI restated an “outperform” rating on shares of Amphenol in a research note on Thursday, June 13th.

Amphenol Stock Up 0.9 %

APH stock opened at $67.35 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.32 and a debt-to-equity ratio of 0.56. The firm has a market cap of $80.90 billion, a PE ratio of 41.32, a PEG ratio of 2.81 and a beta of 1.25. Amphenol has a 1 year low of $39.34 and a 1 year high of $70.84. The company has a fifty day simple moving average of $65.91 and a 200 day simple moving average of $61.47.

Amphenol (NYSE:APH) last announced 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. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Amphenol had a return on equity of 24.08% and a net margin of 15.69%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. Sell-side analysts anticipate that Amphenol will post 1.74 EPS for the current fiscal year.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Tuesday, September 17th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Tuesday, September 17th. Amphenol’s dividend payout ratio is 40.49%.

Insider Activity

In related news, CEO Richard Adam Norwitt sold 750,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.54, for a total value of $48,405,000.00. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares of the company’s stock, valued at $124,875,089.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Lance E. D’amico sold 90,000 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.65, for a total value of $5,818,500.00. Following the sale, the vice president now owns 51,400 shares in the company, valued at approximately $3,323,010. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Adam Norwitt sold 750,000 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.54, for a total transaction of $48,405,000.00. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at $124,875,089.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. increased its stake in Amphenol by 0.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker’s stock valued at $3,609,000 after buying an additional 80 shares during the last quarter. Atomi Financial Group Inc. increased its position in shares of Amphenol by 1.7% in the first quarter. Atomi Financial Group Inc. now owns 4,720 shares of the electronics maker’s stock valued at $544,000 after acquiring an additional 81 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Amphenol by 2.0% during the first quarter. Lindbrook Capital LLC now owns 4,245 shares of the electronics maker’s stock worth $490,000 after acquiring an additional 85 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its position in Amphenol by 1.5% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 6,076 shares of the electronics maker’s stock valued at $701,000 after purchasing an additional 88 shares during the last quarter. Finally, Nicolet Advisory Services LLC grew its stake in Amphenol by 3.4% in the first quarter. Nicolet Advisory Services LLC now owns 2,724 shares of the electronics maker’s stock valued at $313,000 after purchasing an additional 89 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.