Amphenol (NYSE:APH) Given New $82.00 Price Target at Citigroup

Amphenol (NYSE:APH - Free Report) had its price objective upped by Citigroup from $81.00 to $82.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the electronics maker's stock.

A number of other brokerages also recently weighed in on APH. 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. Truist Financial raised their target price on shares of Amphenol from $76.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Evercore ISI raised their price target on shares of Amphenol from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Robert W. Baird raised their price target on shares of Amphenol from $71.00 to $77.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, TD Cowen raised their price target on shares of Amphenol from $60.00 to $63.00 and gave the company a "hold" rating in a research report on Friday, October 25th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amphenol presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.79.

Amphenol Trading Down 0.6 %

Shares of NYSE:APH traded down $0.42 on Friday, reaching $69.44. 9,780,875 shares of the company traded hands, compared to its average volume of 5,171,896. The business's 50-day simple moving average is $71.82 and its 200 day simple moving average is $67.74. Amphenol has a 52 week low of $47.76 and a 52 week high of $75.78. The stock has a market capitalization of $83.71 billion, a P/E ratio of 39.91, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24. The company has a current ratio of 1.99, a quick ratio of 1.33 and a debt-to-equity ratio of 0.53.

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

Amphenol Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 17th were issued a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.95%. Amphenol's dividend payout ratio (DPR) is presently 37.93%.

Insider Transactions at Amphenol

In related news, CEO Richard Adam Norwitt sold 900,672 shares of the company's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $68.81, for a total transaction of $61,975,240.32. Following the transaction, the chief executive officer now directly owns 1,934,848 shares in the company, valued at approximately $133,136,890.88. This represents a 31.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the company's stock in a transaction dated 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. Insiders have sold a total of 1,842,672 shares of company stock worth $128,858,080 in the last three months. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Amphenol

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its position in shares of Amphenol by 116.6% in the 2nd quarter. Legal & General Group Plc now owns 9,833,128 shares of the electronics maker's stock worth $662,458,000 after purchasing an additional 5,293,292 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of Amphenol by 89.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 4,303,215 shares of the electronics maker's stock worth $280,397,000 after purchasing an additional 2,032,402 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of Amphenol in the 3rd quarter worth approximately $113,828,000. State Street Corp lifted its position in shares of 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 purchasing an additional 1,537,880 shares during the period. Finally, APG Asset Management N.V. lifted its position in Amphenol by 136.5% during the second quarter. APG Asset Management N.V. now owns 2,564,548 shares of the electronics maker's stock valued at $161,207,000 after acquiring an additional 1,480,331 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.