Amphenol Co. (NYSE:APH) Receives $80.68 Average Price Target from Brokerages

Amphenol Co. (NYSE:APH - Get Free Report) has earned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $80.68.

A number of research firms recently weighed in on APH. Citigroup upped their price objective on shares of Amphenol from $81.00 to $82.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Bank of America upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Robert W. Baird upped their price objective on shares of Amphenol from $85.00 to $89.00 and gave the stock an "outperform" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group boosted their target price on shares of Amphenol from $79.00 to $89.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd.

Hedge Funds Weigh In On Amphenol

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Amphenol by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 152,127,847 shares of the electronics maker's stock worth $10,565,279,000 after buying an additional 2,108,578 shares during the period. FMR LLC increased its holdings in Amphenol by 2.6% in the 4th quarter. FMR LLC now owns 104,250,575 shares of the electronics maker's stock worth $7,240,202,000 after buying an additional 2,643,752 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Amphenol by 36.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker's stock worth $4,091,426,000 after buying an additional 15,837,407 shares during the period. State Street Corp increased its holdings in Amphenol by 3.0% in the 3rd quarter. State Street Corp now owns 53,534,216 shares of the electronics maker's stock worth $3,496,777,000 after buying an additional 1,537,880 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Amphenol by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 25,325,653 shares of the electronics maker's stock worth $1,754,672,000 after buying an additional 659,560 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Amphenol Trading Up 2.6 %

Shares of APH traded up $1.61 during trading hours on Wednesday, reaching $64.66. 7,778,428 shares of the company traded hands, compared to its average volume of 7,928,981. The firm has a market cap of $78.31 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.92 and a beta of 1.25. Amphenol has a 12-month low of $54.27 and a 12-month high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock's fifty day moving average price is $69.66 and its 200 day moving average price is $68.76.

Amphenol (NYSE:APH - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.05 billion. During the same period in the prior year, the firm earned $0.82 earnings per share. The firm's revenue for the quarter was up 29.8% compared to the same quarter last year. Sell-side analysts forecast that Amphenol will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 annualized dividend and a dividend yield of 1.02%. Amphenol's dividend payout ratio (DPR) is currently 34.55%.

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.