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

Shares of Amphenol Co. (NYSE:APH) have earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $69.63.

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

Insiders Place Their Bets

In other news, CEO Richard Adam Norwitt sold 900,672 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total value of $61,975,240.32. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares in the company, valued at $133,136,890.88. This trade represents a 31.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total value of $10,314,000.00. Following the completion of the transaction, the chief financial officer now owns 218,116 shares of the company’s stock, valued at approximately $14,997,656.16. The trade was a 40.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its position in Amphenol by 126.0% during the 2nd quarter. LPL Financial LLC now owns 524,203 shares of the electronics maker’s stock valued at $35,316,000 after buying an additional 292,211 shares in the last quarter. American Century Companies Inc. increased its position in Amphenol by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 646,034 shares of the electronics maker’s stock valued at $43,523,000 after buying an additional 70,465 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Amphenol by 99.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 53,244 shares of the electronics maker’s stock valued at $3,587,000 after buying an additional 26,599 shares in the last quarter. Federated Hermes Inc. increased its position in Amphenol by 4,215.3% during the 2nd quarter. Federated Hermes Inc. now owns 117,678 shares of the electronics maker’s stock valued at $7,928,000 after buying an additional 114,951 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in Amphenol by 110.8% during the 2nd quarter. Parallel Advisors LLC now owns 18,919 shares of the electronics maker’s stock valued at $1,275,000 after buying an additional 9,943 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Price Performance

Amphenol stock opened at $68.31 on Tuesday. Amphenol has a 52 week low of $47.38 and a 52 week high of $75.78. The business has a 50-day simple moving average of $72.00 and a 200 day simple moving average of $67.67. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53. The stock has a market cap of $82.36 billion, a price-to-earnings ratio of 39.26, a PEG ratio of 2.44 and a beta of 1.24.

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

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 17th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Tuesday, December 17th. Amphenol’s dividend payout ratio (DPR) is currently 37.93%.

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.