Amphenol Co. (NYSE:APH) Receives $69.63 Average PT from Brokerages

Shares of Amphenol Co. (NYSE:APH - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $69.63.

A number of research analysts have recently weighed in on APH shares. Bank of America raised their price objective on shares of Amphenol from $70.00 to $74.00 and gave the stock a "neutral" rating in a research note 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 note on Thursday, October 24th. Robert W. Baird boosted their target price 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. Truist Financial raised their price target on shares of Amphenol from $76.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, TD Cowen upped their price objective 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.

Insider Buying and Selling at Amphenol

In other news, VP David M. Silverman sold 180,000 shares of the company's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.84, for a total transaction of $12,391,200.00. Following the completion of the transaction, the vice president now owns 14,000 shares in the company, valued at approximately $963,760. This represents a 92.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter Straub sold 132,000 shares of the business's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. Insiders sold a total of 1,842,672 shares of company stock worth $128,858,080 in the last 90 days. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amphenol

Several hedge funds have recently modified their holdings of APH. CreativeOne Wealth LLC purchased a new stake in shares of Amphenol in the first quarter worth approximately $281,000. Janus Henderson Group PLC boosted its stake in shares of Amphenol by 0.4% during the 1st quarter. Janus Henderson Group PLC now owns 817,170 shares of the electronics maker's stock valued at $94,259,000 after buying an additional 3,090 shares during the period. Industrial Alliance Investment Management Inc. grew its holdings in shares of Amphenol by 2.9% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,330 shares of the electronics maker's stock valued at $615,000 after acquiring an additional 150 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in shares of Amphenol in the first quarter worth $1,306,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in Amphenol by 0.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 31,286 shares of the electronics maker's stock valued at $3,609,000 after purchasing an additional 80 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Amphenol Stock Performance

Shares of APH stock traded down $0.97 during midday trading on Monday, hitting $73.32. The company had a trading volume of 10,999,398 shares, compared to its average volume of 6,640,573. 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 stock has a market cap of $88.40 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 2.47 and a beta of 1.23. The company's 50 day simple moving average is $67.85 and its 200 day simple moving average is $66.47. Amphenol has a 52-week low of $44.81 and a 52-week high of $74.93.

Amphenol (NYSE:APH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The electronics maker reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. Amphenol had a net margin of 15.40% and a return on equity of 24.68%. The business's revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. Research analysts anticipate that Amphenol will post 1.84 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently declared 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 0.90%. The ex-dividend date of this dividend is Tuesday, December 17th. Amphenol's dividend payout ratio 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.