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

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

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

Amphenol Trading Up 2.6 %

Shares of NYSE APH traded up $1.77 during midday trading on Tuesday, reaching $70.11. The company had a trading volume of 6,159,867 shares, compared to its average volume of 5,529,208. The stock has a market cap of $84.53 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. Amphenol has a one year low of $47.38 and a one year high of $75.78. The firm's fifty day moving average price is $72.01 and its 200-day moving average price is $67.69. The company has a quick ratio of 1.33, a current ratio of 1.99 and a debt-to-equity ratio of 0.53.

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 firm had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The business's revenue was up 26.3% on a year-over-year basis. On average, equities research analysts anticipate that Amphenol will post 1.84 earnings per share for the current year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 17th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 0.94%. The ex-dividend date was Tuesday, December 17th. Amphenol's payout ratio is currently 37.93%.

Insider Buying and Selling at Amphenol

In other news, CFO Craig A. Lampo sold 150,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $68.76, for a total transaction of $10,314,000.00. Following the sale, the chief financial officer now owns 218,116 shares in the company, valued at $14,997,656.16. This represents a 40.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 900,672 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the completion of the transaction, the chief executive officer now owns 1,934,848 shares of the company's stock, valued at approximately $133,136,890.88. The trade was a 31.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,842,672 shares of company stock valued at $128,858,080. Corporate insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Amphenol

A number of hedge funds have recently bought and sold shares of APH. Outlook Wealth Advisors LLC boosted its stake in shares of Amphenol by 8.9% during the 4th quarter. Outlook Wealth Advisors LLC now owns 6,594 shares of the electronics maker's stock worth $458,000 after acquiring an additional 541 shares during the last quarter. Burney Co. increased its position in Amphenol by 28.9% in the fourth quarter. Burney Co. now owns 17,929 shares of the electronics maker's stock worth $1,245,000 after buying an additional 4,024 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Amphenol by 48.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 17,919 shares of the electronics maker's stock valued at $1,244,000 after buying an additional 5,866 shares in the last quarter. Park Avenue Securities LLC increased its holdings in Amphenol by 19.6% in the 4th quarter. Park Avenue Securities LLC now owns 59,346 shares of the electronics maker's stock worth $4,122,000 after acquiring an additional 9,725 shares in the last quarter. Finally, Board of the Pension Protection Fund purchased a new position in Amphenol during the fourth quarter valued at approximately $1,160,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

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.