Amphenol Co. (NYSE:APH) Receives $109.33 Average Target Price from Brokerages

Amphenol Co. (NYSE:APH) has received an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $112.00.

Several analysts have recently weighed in on APH shares. The Goldman Sachs Group raised their price objective on shares of Amphenol from $107.00 to $119.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Stifel Nicolaus raised their price objective on shares of Amphenol from $88.00 to $95.00 and gave the stock a “hold” rating in a report on Thursday, January 25th. Robert W. Baird raised their price objective on shares of Amphenol from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. UBS Group increased their price target on shares of Amphenol from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on shares of Amphenol from $118.00 to $125.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th.

Amphenol Stock Performance

NYSE:APH opened at $112.58 on Friday. Amphenol has a 12-month low of $72.00 and a 12-month high of $119.59. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $67.72 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 3.23 and a beta of 1.30. The firm has a 50-day moving average price of $110.51 and a 200 day moving average price of $98.17.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 24th. The electronics maker reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.05. Amphenol had a net margin of 15.36% and a return on equity of 23.94%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.16 billion. During the same quarter in the prior year, the business posted $0.78 earnings per share. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts anticipate that Amphenol will post 3.28 earnings per share for the current fiscal year.

Amphenol Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 19th were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.78%. Amphenol’s payout ratio is presently 28.30%.

Insider Buying and Selling at Amphenol

In other news, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the transaction, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Craig A. Lampo sold 100,000 shares of Amphenol stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $104.67, for a total transaction of $10,467,000.00. Following the transaction, the chief financial officer now directly owns 147,045 shares of the company’s stock, valued at $15,391,200.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Peter Straub sold 20,000 shares of Amphenol stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $110.64, for a total transaction of $2,212,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 305,000 shares of company stock valued at $31,846,050. 2.22% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amphenol

A number of hedge funds and other institutional investors have recently made changes to their positions in APH. Moneta Group Investment Advisors LLC raised its holdings in shares of Amphenol by 95,441.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 13,868,807 shares of the electronics maker’s stock worth $1,055,971,000 after acquiring an additional 13,854,291 shares during the period. Norges Bank acquired a new position in shares of Amphenol during the 4th quarter worth about $1,078,167,000. Price T Rowe Associates Inc. MD increased its stake in shares of Amphenol by 39.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,245,014 shares of the electronics maker’s stock worth $2,899,059,000 after purchasing an additional 8,340,759 shares during the last quarter. Morgan Stanley increased its stake in shares of Amphenol by 44.1% during the 4th quarter. Morgan Stanley now owns 10,811,475 shares of the electronics maker’s stock worth $823,186,000 after purchasing an additional 3,310,939 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in shares of Amphenol by 101.7% during the 4th quarter. TD Asset Management Inc now owns 1,987,076 shares of the electronics maker’s stock worth $196,979,000 after purchasing an additional 1,001,901 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.