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

Amphenol Co. (NYSE:APH - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirteen research firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $69.63.

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

Insider Buying and Selling at Amphenol

In other news, insider Peter Straub sold 132,000 shares of Amphenol stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,934,848 shares of the company's stock, valued at $133,136,890.88. This represents a 31.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,842,672 shares of company stock worth $128,858,080 over the last three months. Corporate insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Amphenol

Several large investors have recently added to or reduced their stakes in APH. Raymond James & Associates increased its holdings in Amphenol by 113.5% in the 2nd quarter. Raymond James & Associates now owns 345,550 shares of the electronics maker's stock valued at $23,280,000 after buying an additional 183,688 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Amphenol by 66.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 246,069 shares of the electronics maker's stock worth $16,578,000 after purchasing an additional 97,956 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in Amphenol by 173.5% during the second quarter. Atria Wealth Solutions Inc. now owns 17,135 shares of the electronics maker's stock worth $1,155,000 after purchasing an additional 10,871 shares during the period. &PARTNERS acquired a new stake in Amphenol during the second quarter valued at approximately $991,000. Finally, Cornerstone Wealth Group LLC acquired a new stake in Amphenol during the second quarter valued at approximately $229,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Price Performance

Shares of Amphenol stock traded up $0.57 on Friday, hitting $70.58. The company had a trading volume of 11,635,773 shares, compared to its average volume of 6,623,740. Amphenol has a 52 week low of $46.94 and a 52 week high of $75.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.99 and a quick ratio of 1.33. The company has a market cap of $85.09 billion, a PE ratio of 40.56, a PEG ratio of 2.44 and a beta of 1.24. The business has a 50-day simple moving average of $71.03 and a 200-day simple moving average of $67.32.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The company's revenue was up 26.3% on a year-over-year basis. Research analysts expect that Amphenol will post 1.84 EPS for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, December 17th. Amphenol's dividend payout ratio is presently 37.93%.

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.