Analysts Set Amphenol Co. (NYSE:APH) Target Price at $69.63

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

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

Amphenol Stock Up 0.9 %

Shares of Amphenol stock opened at $71.66 on Friday. Amphenol has a 12 month low of $46.94 and a 12 month high of $75.78. The business has a fifty day simple moving average of $71.20 and a 200 day simple moving average of $67.41. 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 $86.39 billion, a PE ratio of 41.18, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. Amphenol had a return on equity of 24.68% and a net margin of 15.40%. The business had revenue of $4.04 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter last year, the business posted $0.39 EPS. The firm’s revenue was up 26.3% compared to the same quarter last year. Research analysts predict that Amphenol will post 1.84 EPS for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Tuesday, December 17th. Amphenol’s dividend payout ratio is 37.93%.

Insider Buying and Selling at Amphenol

In related news, CFO Craig A. Lampo sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the completion of the sale, the chief financial officer now owns 218,116 shares of the company’s stock, valued at $14,997,656.16. This trade represents a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Peter Straub sold 132,000 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total transaction of $9,783,840.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,842,672 shares of company stock worth $128,858,080. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amphenol

A number of large investors have recently modified their holdings of the company. Raymond James & Associates grew its position in Amphenol by 113.5% in the 2nd quarter. Raymond James & Associates now owns 345,550 shares of the electronics maker’s stock worth $23,280,000 after purchasing an additional 183,688 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Amphenol by 66.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 246,069 shares of the electronics maker’s stock valued at $16,578,000 after acquiring an additional 97,956 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in Amphenol by 173.5% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 17,135 shares of the electronics maker’s stock worth $1,155,000 after buying an additional 10,871 shares during the period. &PARTNERS purchased a new position in Amphenol in the 2nd quarter valued at approximately $991,000. Finally, Cornerstone Wealth Group LLC bought a new position in Amphenol in the 2nd quarter worth about $229,000. 97.01% of the stock is currently owned by institutional investors.

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.