Amphenol Co. (NYSE:APH) Given Consensus Rating of “Moderate Buy” by Brokerages

Amphenol Co. (NYSE:APH) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $65.04.

APH has been the subject of several recent research reports. Vertical Research started coverage on shares of Amphenol in a research report on Tuesday, July 23rd. They issued a “hold” rating and a $65.00 price target for the company. Truist Financial upped their price objective on shares of Amphenol from $74.50 to $76.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. TD Cowen upped their price objective on shares of Amphenol from $45.00 to $57.50 and gave the company a “hold” rating in a research note on Thursday, June 6th. Robert W. Baird reduced their price objective on shares of Amphenol from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Bank of America lowered shares of Amphenol from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $80.00 to $71.00 in a research note on Wednesday, September 4th.

Amphenol Trading Up 1.4 %

Shares of NYSE APH opened at $63.99 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.32 and a current ratio of 2.02. Amphenol has a 52-week low of $39.34 and a 52-week high of $70.84. The firm has a 50 day moving average price of $64.43 and a two-hundred day moving average price of $62.88. The stock has a market cap of $76.87 billion, a P/E ratio of 39.26, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $0.44 earnings per share (EPS) for the quarter, beating 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 in the prior year, the company posted $0.72 EPS. The company’s revenue was up 18.2% on a year-over-year basis. As a group, equities analysts forecast that Amphenol will post 1.76 EPS for the current year.

Amphenol Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, September 17th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.66 annualized dividend and a yield of 1.03%. Amphenol’s payout ratio is 40.49%.

Insiders Place Their Bets

In other Amphenol news, VP Lance E. D’amico sold 90,000 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the transaction, the vice president now owns 51,400 shares in the company, valued at $3,323,010. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other 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 sale, the chief executive officer now owns 1,934,848 shares in the company, valued at $124,875,089.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Lance E. D’amico sold 90,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $64.65, for a total transaction of $5,818,500.00. Following the completion of the sale, the vice president now owns 51,400 shares of the company’s stock, valued at approximately $3,323,010. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,516,000 shares of company stock worth $98,236,640. Insiders own 1.80% of the company’s stock.

Institutional Trading of Amphenol

A number of large investors have recently added to or reduced their stakes in the stock. American Trust increased its holdings in Amphenol by 91.2% during the second quarter. American Trust now owns 68,145 shares of the electronics maker’s stock worth $4,591,000 after buying an additional 32,511 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Amphenol by 109.4% during the second quarter. Newbridge Financial Services Group Inc. now owns 4,815 shares of the electronics maker’s stock worth $324,000 after buying an additional 2,516 shares during the last quarter. SS&H Financial Advisors Inc. purchased a new stake in Amphenol during the second quarter worth about $269,000. Sanctuary Advisors LLC bought a new position in Amphenol during the second quarter worth about $2,731,000. Finally, Clear Rock Advisors LLC boosted its position in Amphenol by 89.3% during the second quarter. Clear Rock Advisors LLC now owns 63,221 shares of the electronics maker’s stock worth $4,259,000 after purchasing an additional 29,831 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.