Amphenol Co. (NYSE:APH) Receives Consensus Rating of “Moderate Buy” from Analysts

Amphenol Co. (NYSE:APH) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $63.42.

APH has been the topic of a number of research reports. UBS Group boosted their price objective on shares of Amphenol from $67.50 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Bank of America boosted their price objective on shares of Amphenol from $68.50 to $72.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Seaport Res Ptn raised shares of Amphenol to a “strong-buy” rating in a research report on Monday, May 20th. Robert W. Baird boosted their price objective on shares of Amphenol from $61.50 to $62.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, TD Cowen boosted their price objective on shares of Amphenol from $45.00 to $57.50 and gave the stock a “hold” rating in a research report on Thursday, June 6th.

Insider Buying and Selling at Amphenol

In other news, insider Luc Walter sold 230,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $67.57, for a total value of $15,541,100.00. Following the completion of the sale, the insider now owns 397,280 shares of the company’s stock, valued at $26,844,209.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Amphenol

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Amphenol by 0.4% in the first quarter. Vanguard Group Inc. now owns 73,459,971 shares of the electronics maker’s stock valued at $8,473,608,000 after acquiring an additional 321,861 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Amphenol by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,224,036 shares of the electronics maker’s stock valued at $3,601,694,000 after acquiring an additional 1,979,022 shares during the period. JPMorgan Chase & Co. lifted its position in Amphenol by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 15,279,911 shares of the electronics maker’s stock worth $1,283,360,000 after purchasing an additional 653,354 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Amphenol by 0.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 13,212,184 shares of the electronics maker’s stock worth $1,309,724,000 after purchasing an additional 67,091 shares during the period. Finally, Norges Bank bought a new stake in Amphenol during the fourth quarter worth about $1,078,167,000. Institutional investors own 97.01% of the company’s stock.

Amphenol Stock Performance

Shares of APH opened at $67.49 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.43 and a current ratio of 2.06. Amphenol has a twelve month low of $39.34 and a twelve month high of $70.84. The firm’s 50 day moving average price is $64.69 and its two-hundred day moving average price is $56.78. The firm has a market cap of $81.07 billion, a P/E ratio of 41.28, a PEG ratio of 3.17 and a beta of 1.26.

Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, April 24th. The electronics maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Amphenol had a net margin of 15.87% and a return on equity of 23.85%. The firm had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The business’s revenue was up 9.5% on a year-over-year basis. On average, analysts forecast that Amphenol will post 1.69 EPS for the current fiscal year.

Amphenol declared that its board has approved a stock buyback plan on Wednesday, April 24th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the electronics maker to purchase up to 2.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Amphenol Dividend Announcement

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

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.