Amphenol (NYSE:APH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Amphenol (NYSE:APH) from a hold rating to a buy rating in a research note published on Sunday morning.

A number of other research analysts have also weighed in on the company. Citigroup lifted their target price on Amphenol from $85.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, May 27th. Fox Advisors raised Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price objective for the company in a report on Thursday, April 24th. Robert W. Baird boosted their price objective on Amphenol from $73.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, April 24th. US Capital Advisors set a $85.00 price objective on Amphenol in a report on Thursday, April 24th. Finally, Evercore ISI boosted their price objective on Amphenol from $88.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, June 5th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and an average price target of $88.00.

Amphenol Trading Up 0.6%

Shares of Amphenol stock opened at $95.86 on Friday. The company has a market capitalization of $115.95 billion, a price-to-earnings ratio of 46.53, a PEG ratio of 2.17 and a beta of 1.12. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. Amphenol has a 12-month low of $54.77 and a 12-month high of $96.69. The firm’s 50-day moving average price is $84.40 and its two-hundred day moving average price is $73.93.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.11. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.20 billion. Amphenol had a net margin of 15.58% and a return on equity of 27.68%. The firm’s quarterly revenue was up 47.7% on a year-over-year basis. During the same quarter last year, the business earned $0.40 EPS. On average, analysts forecast that Amphenol will post 2.36 earnings per share for the current fiscal year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.69%. Amphenol’s dividend payout ratio (DPR) is presently 32.04%.

Insider Buying and Selling

In other Amphenol news, VP Michael R. Ivas sold 40,000 shares of Amphenol stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $88.79, for a total transaction of $3,551,600.00. Following the transaction, the vice president now directly owns 152,412 shares in the company, valued at approximately $13,532,661.48. The trade was a 20.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Luc Walter sold 286,000 shares of Amphenol stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $91.43, for a total value of $26,148,980.00. Following the transaction, the insider now owns 451,790 shares in the company, valued at approximately $41,307,159.70. This represents a 38.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,764,500 shares of company stock valued at $294,839,785 over the last three months. Company insiders own 1.67% of the company’s stock.

Hedge Funds Weigh In On Amphenol

Hedge funds and other institutional investors have recently modified their holdings of the business. Hughes Financial Services LLC bought a new stake in Amphenol during the first quarter valued at about $25,000. Tacita Capital Inc increased its stake in shares of Amphenol by 328.9% in the fourth quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares in the last quarter. Avalon Trust Co raised its position in shares of Amphenol by 133.3% during the 1st quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock valued at $27,000 after purchasing an additional 232 shares during the period. Rialto Wealth Management LLC purchased a new position in shares of Amphenol during the 4th quarter valued at $28,000. Finally, N.E.W. Advisory Services LLC bought a new position in Amphenol in the 1st quarter worth $28,000. 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.