Amphenol Co. (NYSE:APH) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Amphenol Co. (NYSE:APH) have received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $81.62.

Several research firms recently commented on APH. Fox Advisors upgraded shares of Amphenol from an “equal weight” rating to an “overweight” rating and set a $85.00 price target for the company in a report on Thursday, April 24th. The Goldman Sachs Group lifted their target price on shares of Amphenol from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Truist Financial boosted their price target on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. US Capital Advisors set a $85.00 price objective on Amphenol in a report on Thursday, April 24th. Finally, TD Securities lifted their price objective on Amphenol from $63.00 to $70.00 and gave the company a “hold” rating in a research report on Thursday, May 1st.

Amphenol Stock Performance

Shares of APH opened at $86.89 on Monday. The company has a 50-day moving average of $70.41 and a two-hundred day moving average of $70.44. The stock has a market cap of $105.10 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. Amphenol has a one year low of $54.77 and a one year high of $86.96.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. Amphenol’s quarterly revenue was up 47.7% on a year-over-year basis. On average, equities research analysts expect that Amphenol will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Tuesday, June 17th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.66 annualized dividend and a yield of 0.76%. Amphenol’s dividend payout ratio (DPR) is currently 32.04%.

Insider Buying and Selling at Amphenol

In other Amphenol news, insider William J. Doherty sold 126,000 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $80.28, for a total transaction of $10,115,280.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard Adam Norwitt sold 2,000,000 shares of the firm’s stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $75.73, for a total value of $151,460,000.00. Following the transaction, the chief executive officer now owns 2,002,507 shares in the company, valued at approximately $151,649,855.11. This trade represents a 49.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,178,500 shares of company stock worth $241,903,805 over the last three months. Corporate insiders own 1.67% of the company’s stock.

Hedge Funds Weigh In On Amphenol

Institutional investors have recently made changes to their positions in the business. Hughes Financial Services LLC bought a new position in shares of Amphenol in the first quarter worth 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 during the period. Sierra Ocean LLC bought a new position in shares of Amphenol in the fourth quarter worth about $28,000. Rialto Wealth Management LLC bought a new position in shares of Amphenol in the fourth quarter worth about $28,000. Finally, Avalon Trust Co increased its stake in shares of Amphenol by 133.3% in the first quarter. Avalon Trust Co now owns 406 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 232 shares during the period. 97.01% of the stock is currently owned by institutional investors.

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.